Zobrazeno 1 - 10
of 30
pro vyhledávání: '"Nathaniel A. Throckmorton"'
Publikováno v:
Review of Economic Dynamics. 44:225-243
Macroeconomic uncertainty regularly fluctuates in the data. Theory suggests complementarity between capital and labor inputs in production can generate time-varying endogenous uncertainty because the concavity in the production function influences ho
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::90f038bfaf6ebc4d36de7a636868017a
https://doi.org/10.1016/j.red.2021.03.003
https://doi.org/10.1016/j.red.2021.03.003
Publikováno v:
Journal of Monetary Economics. 115:249-264
During the Great Recession, many central banks lowered their policy rate to its zero lower bound (ZLB), creating a kink in the policy rule and calling into question linear estimation methods. There are two promising alternatives: estimate a fully non
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3cd50f70af40874f2459d525c9b2f624
https://doi.org/10.1016/j.jmoneco.2019.06.007
https://doi.org/10.1016/j.jmoneco.2019.06.007
Publikováno v:
Federal Reserve Bank of Dallas, Working Papers. 2021
This paper uses a battery of calibrated and estimated structural models to determine the causal drivers of the negative correlation between output and aggregate uncertainty. We find the transmission of uncertainty shocks to output is weak, while aggr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::58dc7d17d3e2e2ce2582a8d0583d55b3
https://doi.org/10.24149/wp2109
https://doi.org/10.24149/wp2109
Publikováno v:
Federal Reserve Bank of Dallas, Working Papers. 2021
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f13d4aefa85c337419cb781d8a01d199
https://doi.org/10.24149/wp2106
https://doi.org/10.24149/wp2106
Publikováno v:
Federal Reserve Bank of Dallas, Working Papers. 2020
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ad0ced52eec663f7a887f99868b443ee
https://doi.org/10.24149/wp2018r1
https://doi.org/10.24149/wp2018r1
Publikováno v:
Federal Reserve Bank of Dallas, Working Papers. 2020
This paper estimates a real business cycle model with unemployment driven by shocks to labor productivity and the job separation rate. We make two contributions. First, we develop a new identification scheme based on the matching elasticity that allo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::be8fc25b6a6f983a3d05e4bb4132f874
https://doi.org/10.24149/wp2026
https://doi.org/10.24149/wp2026
Publikováno v:
Federal Reserve Bank of Dallas, Working Papers. 2020
This paper examines the response of the U.S. labor market to a large and persistent job separation rate shock, motivated by the ongoing economic effects of the COVID-19 pandemic. We use nonlinear methods to analytically and numerically characterize t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::991bf8e4446975bed867c5994d61e976
https://doi.org/10.24149/wp2010
https://doi.org/10.24149/wp2010
Publikováno v:
Federal Reserve Bank of Dallas, Working Papers. 2020
Macroeconomic uncertainty—the conditional volatility of the unforecastable component of a future value of a time series—shows considerable variation in the data. A typical assumption in business cycle models is that production is Cobb-Douglas. Un
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::bb8c21f94d69451d2a7a9688a8d654b8
https://doi.org/10.24149/wp2009
https://doi.org/10.24149/wp2009
Publikováno v:
European Economic Review. 136:103752
This paper examines how the interplay between cyclical net entry and exit of firms and search and matching frictions affect business cycle dynamics. We show cyclical net entry and exit reallocates inputs across firms and destroys jobs in recessions,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::08a550f478a5ed5fd93826a4a466591e
https://doi.org/10.1016/j.euroecorev.2021.103752
https://doi.org/10.1016/j.euroecorev.2021.103752
Publikováno v:
Economic Inquiry. 55:1593-1624
This paper analyzes forward guidance in a nonlinear model with a zero lower bound (ZLB) on the nominal interest rate. Forward guidance is modeled with news shocks to the monetary policy rule, which capture innovations in expectations from central ban
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2b131edb8d7140dd0f9129725ccdff05
https://doi.org/10.1111/ecin.12466
https://doi.org/10.1111/ecin.12466