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|c 5.00 USD
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|z 9781475560329
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Andrle, Michal.
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|a Output and Inflation Co-movement :
|b An Update on Business-Cycle Stylized Facts /
|c Michal Andrle, Jan Bruha, Serhat Solmaz.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2016.
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|a 1 online resource (37 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Bruha, Jan.
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|a Solmaz, Serhat.
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|a IMF Working Papers; Working Paper ;
|v No. 2016/241
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2016/241/001.2016.issue-241-en.xml
|z IMF e-Library
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