The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Can News about the Future Drive the Business Cycle?
Open accessAbstract
Aggregate and sectoral comovement are central features of business cycles, so the ability to generate comovement is a natural litmus test for macroeconomic models. But it is a test that most models fail. We propose a unified model that generates aggregate and sectoral comovement in response to contemporaneous and news shocks about fundamentals. The fundamentals that we consider are aggregate and sectoral total factor productivity shocks as well as investment-specific technical change. The model has three key elements: variable capital utilization, adjustment costs to investment, and preferences that allow us to parameterize the strength of short-run wealth effects on the labor supply. (JEL E13, E20, E32)
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Cites
Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
Christiano, L. J., Eichenbaum, M., & Evans, C. L. (2005) · Journal of Political Economy · doi:10.1086/426038 · Cited by 6,238
Imbens, G. W., Rubin, D. B., & Sacerdote, B. I. (2001) · American Economic Review · doi:10.1257/aer.91.4.778 · Cited by 512
Cited by
Fiscal Stimulus in a Monetary Union: Evidence from US Regions
Nakamura, E., & Steinsson, J. (2014) · American Economic Review · doi:10.1257/aer.104.3.753 · Cited by 911
Investment shocks and business cycles
Justiniano, A., Primiceri, G. E., & Tambalotti, A. (2010) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2009.12.008 · Cited by 869
The economic effects of trade policy uncertainty
Caldara, D., Iacoviello, M., Molligo, P., Prestipino, A., & Raffo, A. (2020) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2019.11.002 · Cited by 708
Financial Factors in Economic Fluctuations
Christiano, L. J., Motto, R., & Rostagno, M. (2010) · SSRN Electronic Journal · doi:10.2139/ssrn.1600166 · Cited by 687
Identifying the interdependence between US monetary policy and the stock market
Bjørnland, H. C., & Leitemo, K. (2009) · Journal of Monetary Economics · doi:10.1016/j.jmoneco.2008.12.001 · Cited by 440
Metadata
- Authors
- Jaimovich, N., & Rebelo, S.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2009-08-01
- Volume
- 99
- Issue
- 4
- Pages
- 1097-1118
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W1505491408
- Cited by
- 943
- References
- 2
- FWCI
- 75.46
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
