Search Results - "Journal of macroeconomics"

Economic policy uncertainty and firm-level investment by Kang, Wensheng, Lee, Kiseok, Ratti, Ronald A.

“…•Economic policy uncertainty in interaction with firm-level uncertainty depresses firms’ investment decisions.•News-based policy shock has a significantly…”
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Public debt and economic growth: Is there a causal effect? by Panizza, Ugo, Presbitero, Andrea F.

“…•We use an IV approach to study if public debt has a causal effect on GDP growth in OECD countries.•We propose a new instrument for public debt based on…”
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Robots and humans – complements or substitutes? by DeCanio, Stephen J.

“…•In a purely neoclassical comparative statics framework, an increase in the input of robot labor may increase or decrease the human wage, depending on the…”
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The Effects of Weather Shocks on Economic Activity: What are the Channels of Impact? by Acevedo, Sebastian, Mrkaic, Mico, Novta, Natalija, Pugacheva, Evgenia, Topalova, Petia

“…Global temperatures have increased at a historically unprecedented pace. This paper finds that the negative effect of temperature on output in countries with…”
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Public debt, economic growth and nonlinear effects: Myth or reality? by Égert, Balázs

“…•Econometric test for the negative nonlinear relation between public debt and growth.•The negative nonlinear relationship between debt and growth is quasi…”
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Common business cycles and volatilities in US states and MSAs: The role of economic uncertainty by Gupta, Rangan, Ma, Jun, Risse, Marian, Wohar, Mark E.

“…This paper analyses the role of a news-based measure of economic policy uncertainty (EPU) in explaining time-varying co-movements in economic activity and…”
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Estimating the Taylor rule in the time-frequency domain by Aguiar-Conraria, Luis, Martins, Manuel M.F., Soares, Maria Joana

“…We present the first assessment of U.S. monetary policy across time and frequencies within the Taylor Rule framework. We derive a novel wavelet tool — the…”
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Monetary policy and bank lending in a low interest rate environment: Diminishing effectiveness? by Borio, Claudio, Gambacorta, Leonardo

“…•We analyse the effectiveness of monetary policy on bank lending in a low interest rate environment.•Our empirical analysis suggests that monetary policy is…”
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Finance and economic growth: Financing structure and non-linear impact by Benczúr, Péter, Karagiannis, Stelios, Kvedaras, Virmantas

“…Focusing on groups of high-income countries (OECD, EU, and EMU), this study shows that the finding of a non-linear, hump-shaped impact of financing on economic…”
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The impact of artificial intelligence on economic growth and welfare by Lu, Chia-Hui

“…Focusing on the self-accumulation ability and the nonrival characteristic of artificial intelligence (AI), this paper develops a three-sector endogenous growth…”
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Business exit during the COVID-19 pandemic: Non-traditional measures in historical context by Crane, Leland D., Decker, Ryan A., Flaaen, Aaron, Hamins-Puertolas, Adrian, Kurz, Christopher

“…Lags in official data releases have forced economists and policymakers to leverage “alternative” or “non-traditional” data to measure business exit resulting…”
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Fed speak on main street: Central bank communication and household expectations by Binder, Carola

“…Central banks emphasize the use of communication as a tool of monetary policy. As central banks increasingly recognize that low public informedness limits…”
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Public debt sustainability: An empirical study on OECD countries by Beqiraj, Elton, Fedeli, Silvia, Forte, Francesco

“…For a panel of 21 OECD heterogeneous countries from 1991 to 2015, we study governments’ reactions to the accumulation of debt and look at whether governments…”
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Business cycle synchronization and the Euro: A wavelet analysis by Aguiar-Conraria, Luı´s, Joana Soares, Maria

“…► We propose a metric to measure and test for business cycles synchronization. ► France and Germany are the most synchronized countries with the rest of…”
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The macroeconomic effects of asset purchases revisited by Hesse, Henning, Hofmann, Boris, Weber, James Michael

“…This paper revisits the macroeconomic effects of the large-scale asset purchase programmes launched by the Federal Reserve and the Bank of England from 2008…”
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Flexible fiscal rules and countercyclical fiscal policy by Guerguil, Martine, Mandon, Pierre, Tapsoba, René

“…•We examine the cyclical properties of fiscal rules that incorporate flexibility features in their design.•We look in parallel at the cyclicality of overall…”
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Carbon emissions and business cycles by Khan, Hashmat, Metaxoglou, Konstantinos, Knittel, Christopher R., Papineau, Maya

“…Carbon emissions and real GDP are strongly correlated over the U.S. business cycle. This relationship suggests that macroeconomic shocks inducing cyclical…”
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The effect of public debt on growth in multiple regimes by Kourtellos, Andros, Stengos, Thanasis, Tan, Chih Ming

“…•The effects of public debt on growth using a structural threshold regression model.•We allow for parameter heterogeneity and endogeneity of the threshold…”
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The impact of the ECB's conventional and unconventional monetary policies on stock markets by Haitsma, Reinder, Unalmis, Deren, de Haan, Jakob

“…•We examine how stock markets respond to the policies of the European Central Bank during 1999–2015.•We use market prices to identify surprises in…”
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The macroeconomic effects of public investment: Evidence from advanced economies by Abiad (ADB), Abdul, Furceri (IMF and University of Palermo), Davide, Topalova (IMF), Petia

“…•Increased public investment raises output, both in the short term and in the long term.•Effects are stronger during periods of slack.•Investment efficiency…”
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