04473oam 22011534 450 991016292400332120250426110753.0978147556916214755691659781475569193147556919X(CKB)3710000001045064(MiAaPQ)EBC4800265(IMF)WPIEA2016241WPIEA2016241(EXLCZ)99371000000104506420020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierOutput and Inflation Co-movement : An Update on Business-Cycle Stylized Facts /Michal Andrle, Jan Bruha, Serhat SolmazWashington, D.C. :International Monetary Fund,2016.1 online resource (38 pages) illustrations (some color), graphs, tablesIMF Working Papers9781475560329 147556032X Includes bibliographical references.What are the drivers of business cycle fluctuations? And how many are there? By documenting strong and predictable co-movement of real variables during the business cycle in a sample of advanced economies, we argue that most business cycle fluctuations are driven by one major factor. The positive co-movement of real output and inflation convincingly argues for a demand story. We propose a simple statistic that can compare data and models. Based on this statistic, we show that the recent vintage of structural economic models has difficulties replicating the stylized facts we document.IMF Working Papers; Working Paper ;No. 2016/241Business cyclesBanks and BankingimfEconometricsimfInflationimfMacroeconomicsimfMoney and Monetary PolicyimfEconometric and Statistical Methods: GeneralimfBusiness FluctuationsimfCyclesimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfPrice LevelimfDeflationimfPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)imfMonetary PolicyimfEconometric Modeling: GeneralimfInterest Rates: Determination, Term Structure, and EffectsimfEconomic growthimfMonetary economicsimfEconometrics & economic statisticsimfFinanceimfBusiness cyclesimfInflation targetingimfEconometric modelsimfShort term interest ratesimfPricesimfMonetary policyimfEconometric analysisimfFinancial servicesimfInterest ratesimfUnited StatesimfBusiness cycles.Banks and BankingEconometricsInflationMacroeconomicsMoney and Monetary PolicyEconometric and Statistical Methods: GeneralBusiness FluctuationsCyclesMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralPrice LevelDeflationPrices, Business Fluctuations, and Cycles: General (includes Measurement and Data)Monetary PolicyEconometric Modeling: GeneralInterest Rates: Determination, Term Structure, and EffectsEconomic growthMonetary economicsEconometrics & economic statisticsFinanceBusiness cyclesInflation targetingEconometric modelsShort term interest ratesPricesMonetary policyEconometric analysisFinancial servicesInterest rates338.542Andrle Michal1197035Bruha Jan1450949Solmaz Serhat1450950DcWaIMFBOOK9910162924003321Output and Inflation Co-movement3650693UNINA