Output and Inflation Co-movement : An Update on Business-Cycle Stylized Facts /

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...

Ամբողջական նկարագրություն

Մատենագիտական մանրամասներ
Հիմնական հեղինակ: Andrle, Michal
Այլ հեղինակներ: Bruha, Jan, Solmaz, Serhat
Ձևաչափ: Ամսագիր
Լեզու:English
Հրապարակվել է: Washington, D.C. : International Monetary Fund, 2016.
Շարք:IMF Working Papers; Working Paper ; No. 2016/241
Առցանց հասանելիություն:Full text available on IMF
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100 1 |a Andrle, Michal. 
245 1 0 |a Output and Inflation Co-movement :   |b An Update on Business-Cycle Stylized Facts /  |c Michal Andrle, Jan Bruha, Serhat Solmaz. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2016. 
300 |a 1 online resource (37 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |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. 
538 |a Mode of access: Internet 
700 1 |a Bruha, Jan. 
700 1 |a Solmaz, Serhat. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2016/241 
856 4 0 |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