Output and Inflation Co-movement : : An Update on Business-Cycle Stylized Facts / / Michal Andrle, Jan Bruha, Serhat Solmaz
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| Autore: |
Andrle Michal
|
| Titolo: |
Output and Inflation Co-movement : : An Update on Business-Cycle Stylized Facts / / Michal Andrle, Jan Bruha, Serhat Solmaz
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2016 |
| Descrizione fisica: | 1 online resource (38 pages) : illustrations (some color), graphs, tables |
| Disciplina: | 338.542 |
| Soggetto topico: | Business cycles |
| Banks and Banking | |
| Econometrics | |
| Inflation | |
| Macroeconomics | |
| Money and Monetary Policy | |
| Econometric and Statistical Methods: General | |
| Business Fluctuations | |
| Cycles | |
| Monetary Policy, Central Banking, and the Supply of Money and Credit: General | |
| Price Level | |
| Deflation | |
| Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) | |
| Monetary Policy | |
| Econometric Modeling: General | |
| Interest Rates: Determination, Term Structure, and Effects | |
| Economic growth | |
| Monetary economics | |
| Econometrics & economic statistics | |
| Finance | |
| Inflation targeting | |
| Econometric models | |
| Short term interest rates | |
| Prices | |
| Monetary policy | |
| Econometric analysis | |
| Financial services | |
| Interest rates | |
| Soggetto geografico: | United States |
| Altri autori: |
BruhaJan
SolmazSerhat
|
| Nota di bibliografia: | Includes bibliographical references. |
| Sommario/riassunto: | 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. |
| Titolo autorizzato: | Output and Inflation Co-movement |
| ISBN: | 9781475569162 |
| 1475569165 | |
| 9781475569193 | |
| 147556919X | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910162924003321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2016/241