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Eric Sims

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Bachmann, Rüdiger & Sims, Eric R., 2012. "Confidence and the transmission of government spending shocks," Journal of Monetary Economics, Elsevier, vol. 59(3), pages 235-249.

    Mentioned in:

    1. Monetary Alchemy, Fiscal Science
      by ? in Jeff Frankels Weblog on 2013-01-26 17:16:00
    2. FRBSF Economic Letter: Uncertainty, Unemployment, and Inflation
      by ? in Economist's View on 2012-09-18 14:47:00
    3. The Myth of Austerity and Growth
      by Mark Thoma in Economist's View on 2016-06-22 14:39:02
    4. Economic arguments as stalking horses
      by Noah Smith in Noahpinion on 2015-06-05 19:23:00
    5. Links for the Week of August 28, 2016
      by ? in Grasping Reality with the Invisible Hand on 2016-08-29 09:49:00
    6. Procrastinating on August 27, 2016
      by ? in Grasping Reality with the Invisible Hand on 2016-08-27 17:58:00

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Rüdiger Bachmann & Tim O. Berg & Eric R. Sims, 2015. "Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence," American Economic Journal: Economic Policy, American Economic Association, vol. 7(1), pages 1-35, February.

    Mentioned in:

    1. Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence (American Economic Journal: Economic Policy 2015) in ReplicationWiki ()
  2. R?diger Bachmann & Steffen Elstner & Eric R. Sims, 2013. "Uncertainty and Economic Activity: Evidence from Business Survey Data," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(2), pages 217-249, April.

    Mentioned in:

    1. Uncertainty and Economic Activity: Evidence from Business Survey Data (AEJ:MA 2013) in ReplicationWiki ()
  3. Robert B. Barsky & Eric R. Sims, 2012. "Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence," American Economic Review, American Economic Association, vol. 102(4), pages 1343-1377, June.

    Mentioned in:

    1. Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence (AER 2012) in ReplicationWiki ()

Working papers

  1. Stephen J. Cole & Enrique Martínez García & Eric Sims, 2023. "Living Up to Expectations: Central Bank Credibility, the Effectiveness of Forward Guidance and Inflation Dynamics Post-Global Financial Crisis," Globalization Institute Working Papers 424, Federal Reserve Bank of Dallas.

    Cited by:

    1. Donald W. K. Andrews & Ming Li, 2024. "Inference in a Stationary/Nonstationary Autoregressive Time-Varying-Parameter Model," Cowles Foundation Discussion Papers 2389, Cowles Foundation for Research in Economics, Yale University.

  2. Eric R. Sims & Jing Cynthia Wu & Ji Zhang, 2022. "Unconventional Monetary Policy According to HANK," NBER Working Papers 30329, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jing Cynthia Wu & Yinxi Xie & Ji Zhang, 2024. "The Role of International Financial Integration in Monetary Policy Transmission," Staff Working Papers 24-3, Bank of Canada.
    2. Cantore, Cristiano & Meichtry, Pascal, 2024. "Unwinding quantitative easing: State dependency and household heterogeneity," European Economic Review, Elsevier, vol. 170(C).
    3. Jing Cynthia Wu & Yinxi Xie, 2022. "(Un)Conventional Monetary and Fiscal Policy," NBER Working Papers 30706, National Bureau of Economic Research, Inc.
    4. Goto, Eiji, 2023. "Industry effects of unconventional monetary policy, within and across countries," Journal of International Money and Finance, Elsevier, vol. 136(C).
    5. Dusan Stojanovic, 2023. "Quantitative Easing in the Euro Area: Implications for Income and Wealth Inequality," CERGE-EI Working Papers wp760, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    6. Hohberger, Stefan & Ratto, Marco & Vogel, Lukas, 2023. "The macroeconomic effects of unconventional monetary policy: Comparing euro area and US models with shadow rates," Economic Modelling, Elsevier, vol. 127(C).
    7. Patrick Gruning & Andrejs Zlobins, 2023. "Quantitative Tightening: Lessons from the US and Potential Implications for the EA," Working Papers 2023/09, Latvijas Banka.
    8. Gerke, Rafael & Giesen, Sebastian & Lozej, Matija & Röttger, Joost, 2024. "On household labour supply in sticky-wage HANK models," Discussion Papers 01/2024, Deutsche Bundesbank.
    9. Harrison, Richard, 2024. "Optimal quantitative easing and tightening," Bank of England working papers 1063, Bank of England.

  3. Christiane Baumeister & Danilo Leiva-León & Eric Sims, 2021. "Tracking weekly state-level economic conditions," Working Papers 2134, Banco de España.

    Cited by:

    1. Lyu, Yongjian & Zhang, Xinyu & Cao, Jin & Liu, Jiatao & Yang, Mo, 2024. "Quantitative easing and the spillover effects from the crude oil market to other financial markets: Evidence from QE1 to QE3," Journal of International Money and Finance, Elsevier, vol. 140(C).
    2. Andrew B. Martinez, 2025. "How do Macroeconomic Expectations React to Extreme Weather Shocks?," Working Papers 2025-001, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
    3. Miguel A. Mascarúa Lara, 2024. "Heterogeneous recessions and expansions in Mexican regions and sectors," Working Papers 2024-13, Banco de México.
    4. Bacchiocchi, Emanuele & Bastianin, Andrea & Moramarco, Graziano, 2024. "Macroeconomic Spillovers of Weather Shocks across U.S. States," FEEM Working Papers 343506, Fondazione Eni Enrico Mattei (FEEM).
    5. Sheng, Xin & Marfatia, Hardik A. & Gupta, Rangan & Ji, Qiang, 2023. "The non-linear response of US state-level tradable and non-tradable inflation to oil shocks: The role of oil-dependence," Research in International Business and Finance, Elsevier, vol. 64(C).
    6. Xin Sheng & Rangan Gupta & Wenting Liao & Oguzhan Cepni, 2024. "The Effects of Uncertainty on Economic Conditions across US States: The Role of Climate Risks," Working Papers 202410, University of Pretoria, Department of Economics.
    7. Ignacio Garr'on & Andrey Ramos, 2025. "High-frequency Density Nowcasts of U.S. State-Level Carbon Dioxide Emissions," Papers 2501.03380, arXiv.org.
    8. Rueben Ellul & Germano Ruisi, 2022. "Nowcasting the Maltese economy with a dynamic factor model," CBM Working Papers WP/02/2022, Central Bank of Malta.
    9. Kohns, David & Potjagailo, Galina, 2023. "Flexible Bayesian MIDAS: time‑variation, group‑shrinkage and sparsity," Bank of England working papers 1025, Bank of England.
    10. Shi, Shimeng & Zhai, Jia, 2024. "California carbon allowance futures," Finance Research Letters, Elsevier, vol. 70(C).

  4. Anthony M. Diercks & Jonathan Rawls & Eric Sims, 2020. "Bury the Gold Standard? A Quantitative Exploration," NBER Working Papers 28015, National Bureau of Economic Research, Inc.

    Cited by:

    1. Luca Pensieroso & Romain Restout, 2021. "The Gold Standard and the International Dimension of the Great Depression," Working Papers of BETA 2021-21, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    2. Cardi, Olivier & Restout, Romain, 2023. "Sectoral fiscal multipliers and technology in open economy," Journal of International Economics, Elsevier, vol. 144(C).

  5. Eric R. Sims & Jing Cynthia Wu, 2020. "Wall Street vs. Main Street QE," NBER Working Papers 27295, National Bureau of Economic Research, Inc.

    Cited by:

    1. Richard H. Clarida & Burcu Duygan-Bump & Chiara Scotti, 2021. "The COVID-19 Crisis and the Federal Reserve's Policy Response," Finance and Economics Discussion Series 2021-035, Board of Governors of the Federal Reserve System (U.S.).
    2. Michael T. Kiley, 2020. "Pandemic Recession Dynamics: The Role of Monetary Policy in Shifting a U-Shaped Recession to a V-Shaped Rebound," Finance and Economics Discussion Series 2020-083, Board of Governors of the Federal Reserve System (U.S.).
    3. Galindo Gil, Hamilton, 2021. "What kind of firm is more responsive to the unconventional monetary policy?," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 188-200.

  6. Eric R. Sims & Jing Cynthia Wu, 2019. "Evaluating Central Banks' Tool Kit: Past, Present, and Future," NBER Working Papers 26040, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jing Cynthia Wu & Yinxi Xie & Ji Zhang, 2024. "The Role of International Financial Integration in Monetary Policy Transmission," Staff Working Papers 24-3, Bank of Canada.
    2. Caballero, Ricardo & Simsek, Alp, 2022. "Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect," CEPR Discussion Papers 15163, C.E.P.R. Discussion Papers.
    3. Gelfer, Sacha & Gibbs, Christopher G., 2023. "Measuring the effects of large-scale asset purchases: The role of international financial markets and the financial accelerator," Journal of International Money and Finance, Elsevier, vol. 131(C).
    4. Carlos Alberto Piscarreta Pinto Ferreira, 2021. "Does Public Debt Ownership Structure Matter for a Borrowing Country?," Working Papers REM 2021/0190, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    5. Jason Choi & Andrew T. Foerster, 2016. "Optimal monetary policy regime switches," Research Working Paper RWP 16-7, Federal Reserve Bank of Kansas City.
    6. Marco Onofri & Gert Peersman & Frank R. Smets, 2021. "The Effectiveness Of A Negative Interest Rate Policy," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 21/1015, Ghent University, Faculty of Economics and Business Administration.
    7. Darracq Pariès, Matthieu & Kok, Christoffer & Rottner, Matthias, 2020. "Reversal interest rate and macroprudential policy," Working Paper Series 2487, European Central Bank.
    8. Dimakopoulou, Vasiliki & Economides, George & Philippopoulos, Apostolis & Vassilatos, Vanghelis, 2024. "Can central banks do the unpleasant job that governments should do?," European Economic Review, Elsevier, vol. 165(C).
    9. Oliver de Groot & Alexander Haas, 2020. "The Negative Interest Rate Policy Experiment," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 21(01), pages 7-12, April.
    10. Dario Bonciani & David Gauthier & Derrick Kanngiesser, 2023. "Slow Recoveries, Endogenous Growth and Macro-prudential Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 698-715, December.
    11. Dario Caldara & Etienne Gagnon & Enrique Martínez García & Christopher J. Neely, 2021. "Monetary Policy and Economic Performance Since the Financial Crisis," Review, Federal Reserve Bank of St. Louis, vol. 103(4), pages 425-460, October.
    12. Gerke, Rafael & Kienzler, Daniel & Scheer, Alexander, 2022. "On the macroeconomic effects of reinvestments in asset purchase programmes," Discussion Papers 47/2022, Deutsche Bundesbank.
    13. Robert J. Kurtzman & David Zeke, 2017. "Misallocation Costs of Digging Deeper into the Central Bank Toolkit," Finance and Economics Discussion Series 2017-076, Board of Governors of the Federal Reserve System (U.S.).
    14. Cole, Stephen J. & Huh, Sungjun, 2024. "Measuring the effects of unconventional monetary policy tools under adaptive learning," Journal of Economic Dynamics and Control, Elsevier, vol. 164(C).
    15. Weale, Martin & Wieladek, Tomasz, 2022. "Financial effects of QE and conventional monetary policy compared," Journal of International Money and Finance, Elsevier, vol. 127(C).
    16. Patrick Gruning & Zeynep Kantur, 2024. "Financial Intermediation and Climate Change in a Production and Investment Network Model for the Euro Area," Working Papers 2024/06, Latvijas Banka.
    17. Michael Ellington, 2022. "The Empirical Relevance of the Shadow Rate and the Zero Lower Bound," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(6), pages 1605-1635, September.
    18. Johnna Montgomerie, 2023. "COVID Keynesianism: locating inequality in the Anglo-American crisis response," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 16(1), pages 211-223.
    19. Margherita Bottero & Andrea F. Presbitero & Camelia Minoiu & Enrico Sette & Andrea Polo & José-Luis Peydró, 2019. "Expansionary Yet Different: Credit Supply and Real Effects of Negative Interest Rate Policy," Working Papers 1090, Barcelona School of Economics.
    20. Hashmi, Aamir Rafique & Nsafoah, Dennis, 2024. "International spillovers of conventional versus new monetary policy," Economic Modelling, Elsevier, vol. 139(C).
    21. Shunsuke Haba & Yuichiro Ito & Yoshiyasu Kasai, "undated". "The Impact of Negative Interest Rate Policy on Interest Rate Formation and Lending," Bank of Japan Working Paper Series 25-E-1, Bank of Japan.
    22. Isabel Gödl-Hanisch & Ron Mau & Jonathan Rawls, 2024. "Monetary Policy Interactions: The Policy Rate, Asset Purchases and Optimal Policy with an Interest Rate Peg," Working Papers 2412, Federal Reserve Bank of Dallas.
    23. Rangan Gupta & Xiaojin Sun, 2022. "Time-Varying Parameter Four-Equation DSGE Model," Working Papers 202234, University of Pretoria, Department of Economics.
    24. Ferrari, Alessandro & Landi, Valerio Nispi, 2020. "Whatever it takes to save the planet? Central banks and unconventional green policy," Working Paper Series 2500, European Central Bank.
    25. Anna Bartocci & Alessandro Notarpietro & Massimiliano Pisani, 2019. "Non-standard monetary policy measures in the new normal," Temi di discussione (Economic working papers) 1251, Bank of Italy, Economic Research and International Relations Area.
    26. Huixin Bi & Nora Traum, 2022. "Unconventional Monetary Policy and Local Fiscal Policy," Research Working Paper RWP 22-15, Federal Reserve Bank of Kansas City.
    27. Cardamone, Dario & Sims, Eric & Wu, Jing Cynthia, 2023. "Wall Street QE vs. Main Street Lending," European Economic Review, Elsevier, vol. 156(C).
    28. Rodriguez-Rodriguez, F.J. & Hierro, L.A. & Garzon, A.J., 2024. "Fed and ECB reaction functions during quantitative easing: Three phases of monetary policy, both conventional and unconventional," Journal of Policy Modeling, Elsevier, vol. 46(5), pages 928-945.
    29. Saroj Bhattarai & Mohammad Davoodalhosseini & Zhenning Zhao, 2024. "Central Bank Digital Currency and Transmission of Monetary Policy," Staff Working Papers 24-27, Bank of Canada.
    30. Tayler, William J. & Zilberman, Roy, 2024. "Unconventional policies in state-dependent liquidity traps," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    31. Patrick Gruning & Andrejs Zlobins, 2023. "Quantitative Tightening: Lessons from the US and Potential Implications for the EA," Working Papers 2023/09, Latvijas Banka.
    32. Christiaan Kwaak, 2024. "Old-Keynesianism in the New Keynesian Model," De Economist, Springer, vol. 172(3), pages 167-232, September.
    33. Rostagno, Massimo & Altavilla, Carlo & Carboni, Giacomo & Lemke, Wolfgang & Motto, Roberto & Saint Guilhem, Arthur & Yiangou, Jonathan, 2019. "A tale of two decades: the ECB’s monetary policy at 20," Working Paper Series 2346, European Central Bank.

  7. Eric R. Sims & Jing Cynthia Wu, 2019. "The Four Equation New Keynesian Model," NBER Working Papers 26067, National Bureau of Economic Research, Inc.

    Cited by:

    1. Jing Cynthia Wu & Yinxi Xie & Ji Zhang, 2024. "The Role of International Financial Integration in Monetary Policy Transmission," Staff Working Papers 24-3, Bank of Canada.
    2. Karadi, Peter & Nakov, Anton, 2021. "Effectiveness and addictiveness of quantitative easing," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 1096-1117.
    3. Bailey, Andrew & Bridges, Jonathan & Harrison, Richard & Jones, Josh & Mankodi, Aakash, 2020. "The central bank balance sheet as a policy tool: past, present and future," Bank of England working papers 899, Bank of England.
    4. Joshua Brault & Hashmat Khan & Louis Phaneuf & Jean Gardy Victor, 2021. "Did the Fed Remain at the ZLB Long Enough? Lessons from the 2008-2019 Period," Working Papers 21-09, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    5. Cantore, Cristiano & Freund, Lukas, 2020. "Workers, capitalists, and the government: fiscal policy and income (re)distribution," Bank of England working papers 858, Bank of England.
    6. Robin Greenwood & Samuel Hanson & Dimitri Vayanos, 2023. "Supply and Demand and the Term Structure of Interest Rates," NBER Working Papers 31879, National Bureau of Economic Research, Inc.
    7. Boehl, Gregor & Lieberknecht, Philipp, 2025. "The hockey stick Phillips curve and the effective lower bound," Journal of Economic Dynamics and Control, Elsevier, vol. 170(C).
    8. Cantore, Cristiano & Meichtry, Pascal, 2024. "Unwinding quantitative easing: State dependency and household heterogeneity," European Economic Review, Elsevier, vol. 170(C).
    9. Bletzinger, Tilman & von Thadden, Leopold, 2018. "Designing QE in a fiscally sound monetary union," Research Bulletin, European Central Bank, vol. 47.
    10. Jing Cynthia Wu & Yinxi Xie, 2022. "(Un)Conventional Monetary and Fiscal Policy," NBER Working Papers 30706, National Bureau of Economic Research, Inc.
    11. Carlos Garriga & Finn E. Kydland & Roman Šustek, 2019. "MoNK: Mortgages in a New-Keynesian Model," NBER Working Papers 26427, National Bureau of Economic Research, Inc.
    12. Cole, Stephen J. & Huh, Sungjun, 2024. "Measuring the effects of unconventional monetary policy tools under adaptive learning," Journal of Economic Dynamics and Control, Elsevier, vol. 164(C).
    13. Dora Xia & Jing Cynthia Wu, 2018. "The negative interest rate policy and the yield curve," BIS Working Papers 703, Bank for International Settlements.
    14. Boehl, Gregor, 2022. "Monetary policy and speculative asset markets," European Economic Review, Elsevier, vol. 148(C).
    15. von Campe, Roland, 2024. "Unconventional monetary policy, financial frictions, and the equity tandem," Journal of Macroeconomics, Elsevier, vol. 79(C).
    16. Roulleau-Pasdeloup, Jordan, 2023. "Analyzing Linear DSGE models: the Method of Undetermined Markov States," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    17. Philippe Goulet Coulombe, 2022. "A Neural Phillips Curve and a Deep Output Gap," Working Papers 22-01, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    18. Eric R. Sims & Jing Cynthia Wu, 2020. "Wall Street vs. Main Street QE," NBER Working Papers 27295, National Bureau of Economic Research, Inc.
    19. Tarron Khemraj & Sherry Yu, 2023. "Inflation Dynamics and Quantitative Easing," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(4), pages 613-638, October.
    20. Ani Asoyan & Vahagn Davtyan & Haykaz Igityan & Hasmik Kartashyan & Hovhannes Manukyan, 2020. "Modelling the Effects of a Health Shock on the Armenian Economy," Russian Journal of Money and Finance, Bank of Russia, vol. 79(4), pages 18-44, December.
    21. Donato Masciandaro & Romano Vincenzo Tarsia, 2021. "Society, Politicians, Climate Change and Central Banks: An Index of Green Activism," BAFFI CAREFIN Working Papers 21167, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    22. Cardamone, Dario & Sims, Eric & Wu, Jing Cynthia, 2023. "Wall Street QE vs. Main Street Lending," European Economic Review, Elsevier, vol. 156(C).
    23. Eric Schaling & Kgotso Morema, 2022. "Optimalinterestrategapsforflexibleinflationtargeting," Working Papers 11037, South African Reserve Bank.
    24. Ani Asoyan & Vahagn Davtyan & Haykaz Igityan & Hasmik Kartashyan & Hovhannes Manukyan, 2020. "Modelling the Effects of a Health Shock on the Armenian Economy," Working Papers 15, Central Bank of Armenia, revised Dec 2020.
    25. Tayler, William J. & Zilberman, Roy, 2024. "Unconventional policies in state-dependent liquidity traps," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    26. Philippe Goulet Coulombe, 2022. "A Neural Phillips Curve and a Deep Output Gap," Papers 2202.04146, arXiv.org, revised Oct 2024.
    27. Sims, Eric & Wu, Jing Cynthia, 2021. "Evaluating Central Banks’ tool kit: Past, present, and future," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 135-160.

  8. André Kurmann & Eric Sims, 2017. "Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks," NBER Working Papers 23142, National Bureau of Economic Research, Inc.

    Cited by:

    1. Brianti, Marco & Gáti, Laura, 2023. "Information and communication technologies and medium-run fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    2. Cascaldi-Garcia, Danilo & Vukoti, Marija & Zubairy, Sarah, 2023. "Innovation During Challenging Times," The Warwick Economics Research Paper Series (TWERPS) 1475, University of Warwick, Department of Economics.
    3. Michael J. Lamla & Sarah M. Lein & Jan-Egbert Sturm, 2020. "Media reporting and business cycles: empirical evidence based on news data," Empirical Economics, Springer, vol. 59(3), pages 1085-1105, September.
    4. Masolo, Riccardo M, 2022. "Mainly employment: survey-based news and the business cycle," Bank of England working papers 958, Bank of England.
    5. Ansgar Belke & Steffen Elstner & Svetlana Rujin, 2022. "Growth Prospects and the Trade Balance in Advanced Economies," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(5), pages 1209-1234, October.
    6. Danilo Cascaldi-Garcia & Marija Vukotić, 2020. "Patent-Based News Shocks," International Finance Discussion Papers 1277, Board of Governors of the Federal Reserve System (U.S.).
    7. Christoph Görtz & Christopher Gunn & Thomas A. Lubik, 2021. "Is There News in Inventories?," Working Paper series 21-26, Rimini Centre for Economic Analysis.
    8. Olivier Coibion & Yuriy Gorodnichenko & Mauricio Ulate, 2017. "The Cyclical Sensitivity in Estimates of Potential Output," NBER Working Papers 23580, National Bureau of Economic Research, Inc.
    9. Luca Gambetti & Christoph Görtz & Dimitris Korobilis & John D. Tsoukalas & Francesco Zanetti, 2022. "The Effect of News Shocks and Monetary Policy," Advances in Econometrics, in: Essays in Honour of Fabio Canova, volume 44, pages 139-164, Emerald Group Publishing Limited.
    10. Mitra, Aruni, 2021. "The Productivity Puzzle and the Decline of Unions," MPRA Paper 110102, University Library of Munich, Germany.
    11. Bernard Dumas & Marcel Savioz, 2023. "A Theory of the Nominal Character of Stock Securities," Review of Finance, European Finance Association, vol. 27(5), pages 1615-1657.
    12. Hafedh BOUAKEZ & Laurent KEMOE, 2017. "News Shocks, Business Cycles, and the Disinflation Puzzle," Cahiers de recherche 05-2017, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    13. Fève, Patrick & Beaudry, Paul & Collard, Fabrice & Guay, Alain & Portier, Franck, 2022. "Dynamic Identification in VARs," TSE Working Papers 22-1384, Toulouse School of Economics (TSE).
    14. Sugaipov, Deni, 2022. "Estimating the impact of terms of trade news shocks on the Russian economy," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 66, pages 39-67.
    15. Elstner, Steffen & Rujin, Svetlana, 2019. "The consequences of U.S. technology changes for productivity in advanced economies," Ruhr Economic Papers 796, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    16. Christoph Görtz & Christopher Gunn & Thomas A. Lubik, 2024. "The Changing Nature of Technology Shocks," CESifo Working Paper Series 11385, CESifo.
    17. Bartosz Maćkowiak & Mirko Wiederholt, 2025. "Rational Inattention and the Business Cycle Effects of Productivity and News Shocks," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(1), pages 274-309, January.
    18. Danilo Cascaldi-Garcia, 2017. "Amplification effects of news shocks through uncertainty," 2017 Papers pca1251, Job Market Papers.
    19. Nelimarkka, Jaakko, 2017. "Evidence on News Shocks under Information Deficiency," MPRA Paper 80850, University Library of Munich, Germany.
    20. Danilo Cascaldi-Garcia, 2022. "Forecast Revisions as Instruments for News Shocks," International Finance Discussion Papers 1341, Board of Governors of the Federal Reserve System (U.S.).
    21. Ryan Chahrour & Kyle Jurado, 2020. "Optimal Foresight," Boston College Working Papers in Economics 1017, Boston College Department of Economics.
    22. Bolboaca Maria & Fischer Sarah, 2021. "Unraveling News: Reconciling Conflicting Evidence," The B.E. Journal of Macroeconomics, De Gruyter, vol. 21(2), pages 695-743, June.
    23. Dieppe, Alistair & Francis, Neville & Kindberg-Hanlon, Gene, 2021. "The identification of dominant macroeconomic drivers: coping with confounding shocks," Working Paper Series 2534, European Central Bank.
    24. Miranda-Agrippino, Silvia & Hacıoglu Hoke, Sinem, 2018. "When creativity strikes: news shocks and business cycle fluctuations," LSE Research Online Documents on Economics 90381, London School of Economics and Political Science, LSE Library.
    25. Henri Keränen & Sakari Lähdemäki, 2020. "Identification of fiscal SVARs in small open economies using trading partner forecast errors as instruments," Working Papers 330, Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE.
    26. Miranda-Agrippino, Silvia & Hacıoğlu Hoke, Sinem & Bluwstein, Kristina, 2020. "Patents, News, and Business Cycles," CEPR Discussion Papers 15062, C.E.P.R. Discussion Papers.
    27. Ryan Chahrour & Sanjay K. Chugh & Tristan Potter, 2023. "Anticipated productivity and the labor market," Quantitative Economics, Econometric Society, vol. 14(3), pages 897-934, July.
    28. Yonghong Ma & Huili Ni & Xiaomeng Yang & Lingkai Kong & Chunmei Liu, 2023. "Government subsidies and total factor productivity of enterprises: a life cycle perspective," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 40(1), pages 153-188, April.
    29. Nadav Ben Zeev, 2019. "Is There A Single Shock That Drives The Majority Of Business Cycle Fluctuations?," Working Papers 1906, Ben-Gurion University of the Negev, Department of Economics.
    30. Henri Keranen & Sakari Lahdemaki, 2024. "Identification of fiscal SVAR-IVs in small open economies," Papers 2406.14382, arXiv.org, revised Oct 2024.
    31. Hafedh Bouakez & Takashi Kano, 2024. "Deciphering the Neo-Fisherian Effect," CAMA Working Papers 2024-49, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, revised Dec 2024.
    32. Känzig, Diego R. & Williamson, Charles, 2024. "Unraveling the drivers of energy-saving technical change," Working Paper Series 2984, European Central Bank.
    33. Christoph Gortz & Christopher Gunn & Thomas Lubik, 2022. "Split Personalities: The Changing Nature of Technology Shocks," Carleton Economic Papers 22-06, Carleton University, Department of Economics.
    34. Guay, Alain & Pelgrin, Florian, 2023. "Structural VAR models in the Frequency Domain," Journal of Econometrics, Elsevier, vol. 236(1).
    35. Bretscher, Lorenzo & Malkhozov, Aytek & Tamoni, Andrea, 2021. "Expectations and aggregate risk," Journal of Monetary Economics, Elsevier, vol. 123(C), pages 91-108.
    36. Lorenzo Bretscher & Andrea Tamoni & Aytek Malkhozov, 2019. "News Shocks and Asset Prices," 2019 Meeting Papers 100, Society for Economic Dynamics.
    37. Tang, Haozhou & Zhang, Donghai, 2022. "Bubbly firm dynamics and aggregate fluctuations," Journal of Monetary Economics, Elsevier, vol. 132(C), pages 64-80.
    38. Ben Zeev, Nadav & Pappa, Evi & Vicondoa, Alejandro, 2017. "Emerging economies business cycles: The role of commodity terms of trade news," Journal of International Economics, Elsevier, vol. 108(C), pages 368-376.
    39. Moura, Alban, 2021. "Are neutral and investment-specific technology shocks correlated?," European Economic Review, Elsevier, vol. 139(C).
    40. Ash, Thomas & Nikolaishvili, Giorgi & Struby, Ethan, 2023. "News Shocks under Financial Frictions: A comment on Görtz et al. (2022)," I4R Discussion Paper Series 51, The Institute for Replication (I4R).
    41. Ma, Xiaohan, 2018. "Investment specific technology, news, sentiment, and fluctuations: Evidence from nowcast data," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 55-70.
    42. Josh Martin & Kyle Jones, 2023. "An Occupation and Asset-Driven Approach to Capital Utilization Adjustment in Productivity Statistics," NBER Chapters, in: Technology, Productivity, and Economic Growth, National Bureau of Economic Research, Inc.
    43. Josh Martin & Kyle Jones, 2022. "An Occupation and Asset Driven Approach to Capital Utilisation Adjustment in Productivity Statistics," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2022-11, Economic Statistics Centre of Excellence (ESCoE).

  9. Julio Garín & Robert Lester & Eric Sims, 2016. "Raise Rates to Raise Inflation? Neo-Fisherianism in the New Keynesian Model," NBER Working Papers 22177, National Bureau of Economic Research, Inc.

    Cited by:

    1. He Nie & Jordan Roulleau-Pasdeloup, 2022. "Online Appendix to "The promises (and perils) of control-contingent forward guidance"," Online Appendices 21-153, Review of Economic Dynamics.
    2. Lucio Gobbi & Ronny Mazzocchi & Roberto Tamborini, 2022. "Monetary policy, rational confidence, and Neo‐Fisherian depressions," Metroeconomica, Wiley Blackwell, vol. 73(4), pages 1179-1199, November.
    3. Siddhartha Chattopadhyay, 2021. "The Neo-Fisherianism to Escape Zero Lower Bound," International Symposia in Economic Theory and Econometrics, in: Environmental, Social, and Governance Perspectives on Economic Development in Asia, volume 29, pages 1-19, Emerald Group Publishing Limited.
    4. João Valle e Azevedo & Pedro Teles, 2019. "The Neutrality of Nominal Rates: How Long is the Long Run?," Working Papers w201911, Banco de Portugal, Economics and Research Department.
    5. Gilberto Tadeu Lima & Mark Setterfield & Jaylson Jair da Silveira, 2023. "Achieving two policy targets with one policy instrument: heterogeneous expectations, countercyclical fiscal policy, and macroeconomic stabilization at the effective lower bound," Working Papers, Department of Economics 2023_01, University of São Paulo (FEA-USP).
    6. Reis, Ricardo, 2018. "Comment on "Michelson-Morley, Fisher, and Occam: the radical implications of stable quiet inflation at the zero bound"," LSE Research Online Documents on Economics 85665, London School of Economics and Political Science, LSE Library.
    7. Eo, Yunjong & Lie, Denny, 2018. "Changes in the Inflation Target and the Comovement between Inflation and the Nominal Interest Rate," Working Papers 2018-02, University of Sydney, School of Economics, revised May 2020.
    8. Siddhartha Chattopadhyay & Taniya Ghosh, 2019. "Taylor rule implementation of the Optimal policy at the zero lower bound: Does the cost channel matter?," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2019-021, Indira Gandhi Institute of Development Research, Mumbai, India.
    9. Denny Lie, 2019. "Observed Inflation‐target Adjustments in an Estimated DSGE Model for Indonesia: Do They Matter for Aggregate Fluctuations?," Economic Papers, The Economic Society of Australia, vol. 38(4), pages 261-285, December.
    10. Marco Airaudo & Ina Hajdini, 2021. "Wealth Effects, Price Markups, and the Neo-Fisherian Hypothesis," Working Papers 21-27, Federal Reserve Bank of Cleveland.
    11. Rodríguez Arosemena, Nicolás, 2018. "The Dominium Mundi Game and the Case for Artificial Intelligence in Economics and the Law," MPRA Paper 90560, University Library of Munich, Germany.
    12. Airaudo, Marco & Hajdini, Ina, 2023. "Wealth effects, price markups, and the neo-Fisherian hypothesis," European Economic Review, Elsevier, vol. 157(C).
    13. Ida, Daisuke, 2024. "Household heterogeneity and the price puzzle in a new Keynesian model," Journal of Macroeconomics, Elsevier, vol. 79(C).
    14. Gerke, Rafael & Hauzenberger, Klemens, 2017. "The Fisher paradox: A primer," Discussion Papers 20/2017, Deutsche Bundesbank.
    15. Tayler, William J. & Zilberman, Roy, 2024. "Unconventional policies in state-dependent liquidity traps," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
    16. Ida, Daisuke & Kaminoyama, Kenichi, 2024. "Effect of a cost channel on monetary policy transmission in a behavioral New Keynesian model," MPRA Paper 120424, University Library of Munich, Germany.
    17. Hafedh Bouakez & Takashi Kano, 2024. "Deciphering the Neo-Fisherian Effect," CAMA Working Papers 2024-49, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University, revised Dec 2024.
    18. Ida, Daisuke, 2024. "The neo-Fisherian effect in a new Keynesian model with real money balances," MPRA Paper 120575, University Library of Munich, Germany.
    19. Marwa Elsherif, 2024. "Modelling Inflation Dynamics and Global Oil Price Shocks in OAPEC Countries: TVP-VAR," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 51-69, May.
    20. Florin O. Bilbiie, 2022. "Neo-Fisherian Policies and Liquidity Traps," American Economic Journal: Macroeconomics, American Economic Association, vol. 14(4), pages 378-403, October.
    21. Olatunji Abdul Shobande & Oladimeji Tomiwa Shodipe, 2021. "Monetary Policy Interdependency in Fisher Effect: A Comparative Evidence," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 10(1), pages 203-226.
    22. Lukmanova, Elizaveta & Rabitsch, Katrin, 2023. "Evidence on monetary transmission and the role of imperfect information: Interest rate versus inflation target shocks," European Economic Review, Elsevier, vol. 158(C).

  10. Guido Ascari & Louis Phaneuf & Eric Sims, 2016. "Business Cycles, Investment Shocks, and the "Barro-King" Curse," NBER Working Papers 22941, National Bureau of Economic Research, Inc.

    Cited by:

    1. Collard, Fabrice & Dellas, Harris & Angeletos, George-Marios, 2020. "Business Cycle Anatomy," TSE Working Papers 20-1065, Toulouse School of Economics (TSE).
    2. Yoonseok Choi, 2020. "Investment Shocks, Consumption Puzzle, And Business Cycles," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1387-1400, July.
    3. Den Haan, Wouter & Drechsel, Thomas, 2018. "Agnostic Structural Disturbances (ASDs): Detecting and Reducing Misspecification in Empirical Macroeconomic Models," CEPR Discussion Papers 13145, C.E.P.R. Discussion Papers.
    4. Chin‐Yoong Wong & Yoke‐Kee Eng, 2020. "P2P finance and the effectiveness of monetary controls," Manchester School, University of Manchester, vol. 88(4), pages 617-639, July.
    5. Fabio Massimo Piersanti & Patrizio Tirelli, 2020. "Endogenous Productivity Dynamics in a Two-Sector Business Cycle Model," Working Papers 434, University of Milano-Bicocca, Department of Economics, revised Feb 2020.

  11. Julio Garín & Robert Lester & Eric Sims, 2016. "Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data," NBER Working Papers 22311, National Bureau of Economic Research, Inc.

    Cited by:

    1. Choi, Sangyup & Shin, Junhyeok & Yoo, Seung Yong, 2022. "Are government spending shocks inflationary at the zero lower bound? New evidence from daily data," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
    2. Bing Tong & Guang Yang, 2020. "A Fixed-Interest-Rate New Keynesian Model of China," CFDS Discussion Paper Series 2020/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    3. KANAZAWA, Nobuyuki & 金澤, 伸幸, 2018. "Radial Basis Functions Neural Networks for Nonlinear Time Series Analysis and Time-Varying Effects of Supply Shocks," Discussion paper series HIAS-E-64, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    4. Jordan Roulleau‐Pasdeloup & Anastasia Zhutova, 2022. "Labor Market Policies in a Deep Recession: Lessons from Hoover's Policies during the U.S. Great Depression," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(1), pages 247-283, February.
    5. Sardar, Naafey & Sharma, Shahil, 2022. "Oil prices & stock returns: Modeling the asymmetric effects around the zero lower bound," Energy Economics, Elsevier, vol. 107(C).
    6. Klein, Mathias & Linnemann, Ludger, 2021. "Real exchange rate and international spillover effects of US technology shocks," Journal of International Economics, Elsevier, vol. 129(C).
    7. Ji Zhang & Jing Cynthia Wu, 2017. "A shadow rate New Keynesian model," 2017 Meeting Papers 11, Society for Economic Dynamics.
    8. Mr. Gee Hee Hong & Rahul Anand & Yaroslav Hul, 2019. "Achieving the Bank of Japan’s Inflation Target," IMF Working Papers 2019/229, International Monetary Fund.
    9. Yihao Xue & Qiaoyu Liang & Bing Tong, 2022. "The Effects of Energy Supply Shocks and Interest Rate Liberalization in China," CFDS Discussion Paper Series 2022/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    10. Michael Ellington, 2022. "The Empirical Relevance of the Shadow Rate and the Zero Lower Bound," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(6), pages 1605-1635, September.
    11. Deepa Dhume Datta & Benjamin K. Johannsen & Hannah Kwon & Robert J. Vigfusson, 2018. "Oil, Equities, and the Zero Lower Bound," Finance and Economics Discussion Series 2018-058, Board of Governors of the Federal Reserve System (U.S.).
    12. Pavel S. Kapinos, 2021. "Monetary policy news and systemic risk at the zero lower bound," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 4932-4945, October.
    13. Sardar, Naafey & Qureshi, Irfan, 2024. "Revisiting the relationship between oil supply news shocks and U.S. economic activity: Role of the zero lower bound," Energy Economics, Elsevier, vol. 132(C).
    14. Pozo, Jorge & Rojas, Youel, 2021. "Unconventional Credit Policy in an Economy under Zero Lower Bound," Working Papers 2021-005, Banco Central de Reserva del Perú.
    15. Alexander Mechanick & Jacob P. Weber, 2024. "The Countercyclical Benefits of Regulatory Costs," Staff Reports 1109, Federal Reserve Bank of New York.
    16. Cai Chunbing & Jordan Roulleau-Pasdeloup & Zheng Zhongxi, 2025. "Endogenous Persistence at the Effective Lower Bound," Papers 2501.06473, arXiv.org.
    17. Yangyang Ji, 2021. "Are Technology Shocks More Expansionary at the ZLB?," CESifo Economic Studies, CESifo Group, vol. 67(3), pages 296-317.
    18. Argha , Leila & Mowlaei , Mohammad & Khezri , Mohsen & Shahabadi , Abolfazl, 2017. "Impact of the Selected Domestic and Foreign Markets Returns on Stock Price in Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 12(4), pages 481-489, October.
    19. Wataru Miyamoto & Thuy Lan Nguyen & Dmitry Sergeyev, 2023. "How Oil Shocks Propagate: Evidence on the Monetary Policy Channel," Working Paper Series 2024-06, Federal Reserve Bank of San Francisco.
    20. Abiad, Abdul & Qureshi, Irfan A., 2023. "The macroeconomic effects of oil price uncertainty," Energy Economics, Elsevier, vol. 125(C).
    21. Bing Tong, 2020. "Capacity Reduction Policy Under the Interest Rate Peg in China," CFDS Discussion Paper Series 2020/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    22. Aymeric Ortmans, 2020. "Evolving Monetary Policy in the Aftermath of the Great Recession," Documents de recherche 20-01, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    23. Tong, Bing, 2021. "The effects of capacity reduction policy under the interest rate peg in China," Journal of Asian Economics, Elsevier, vol. 74(C).
    24. Sims, Eric & Wu, Jing Cynthia, 2021. "Evaluating Central Banks’ tool kit: Past, present, and future," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 135-160.
    25. Gregor Bäurle & Daniel Kaufmann, 2018. "Measuring Exchange Rate, Price, and Output Dynamics at the Effective Lower Bound," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 80(6), pages 1243-1266, December.

  12. Eric R. Sims, 2016. "Differences in Quarterly Utilization-Adjusted TFP by Vintage, with an Application to News Shocks," NBER Working Papers 22154, National Bureau of Economic Research, Inc.

    Cited by:

    1. Francesco Zanetti & Christoph Görtz & John D. Tsoukalas, 2016. "News Shocks under Financial Frictions," Economics Series Working Papers 813, University of Oxford, Department of Economics.
    2. Benhima, Kenza & Cordonier, Rachel, 2022. "News, sentiment and capital flows," Journal of International Economics, Elsevier, vol. 137(C).
    3. Di Casola, Paola & Sichlimiris, Spyridon, 2020. "TFP news, stock market booms and the business cycle: Revisiting the evidence with VEC models," Working Paper Series 388, Sveriges Riksbank (Central Bank of Sweden).
    4. Kurmann, André & Sims, Eric, 2017. "Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks," School of Economics Working Paper Series 2017-3, LeBow College of Business, Drexel University.
    5. Ansgar Belke & Steffen Elstner & Svetlana Rujin, 2022. "Growth Prospects and the Trade Balance in Advanced Economies," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(5), pages 1209-1234, October.
    6. Di Casola, Paola & Sichlimiris, Spyridon, 2018. "Towards Technology-News-Driven Business Cycles," Working Paper Series 360, Sveriges Riksbank (Central Bank of Sweden).
    7. Olivier Coibion & Yuriy Gorodnichenko & Mauricio Ulate, 2017. "The Cyclical Sensitivity in Estimates of Potential Output," NBER Working Papers 23580, National Bureau of Economic Research, Inc.
    8. Nadav Ben Zeev & Hashmat Khan, 2016. "Investment-Specific News Dominates TFP News in Driving U.S. Business Cycles," Carleton Economic Papers 16-08, Carleton University, Department of Economics, revised 12 Oct 2016.
    9. Tommaso Ferraresi & Andrea Roventini & Willi Semmler, 2016. "Macroeconomic Regimes, Technological Shocks and Employment Dynamics," Working Papers hal-03469938, HAL.
    10. Bolboaca Maria & Fischer Sarah, 2021. "Unraveling News: Reconciling Conflicting Evidence," The B.E. Journal of Macroeconomics, De Gruyter, vol. 21(2), pages 695-743, June.
    11. Gabor Pinter, 2018. "Macroeconomic Shocks and Risk Premia," Discussion Papers 1812, Centre for Macroeconomics (CFM).
    12. Julio Garín & Robert Lester & Eric Sims, 2019. "Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data," The Review of Economics and Statistics, MIT Press, vol. 101(1), pages 160-175, March.
    13. Olivier Coibion & Yuriy Gorodnichenko & Mauricio Ulate, 2017. "Secular Stagnation: Policy Options and the Cyclical Sensitivity in Estimates of Potential Output," Working Papers 01/2017, National Bank of Ukraine.

  13. Louis Phaneuf & Eric R. Sims & Jean Gardy Victor, 2015. "Inflation, Output, and Markup Dynamics with Forward-Looking Wage and Price Setters," NBER Working Papers 21599, National Bureau of Economic Research, Inc.

    Cited by:

    1. Takushi Kurozumi & Willem Van Zandweghe, 2023. "A Theory of Intrinsic Inflation Persistence," Bank of Japan Working Paper Series 23-E-3, Bank of Japan.
    2. Cristiano Cantore & Filippo Ferroni & Miguel A. Leon-Ledesma, 2018. "The Missing Link: Monetary policy and the labor share," Discussion Papers 1829, Centre for Macroeconomics (CFM).
    3. Hashmat Khan & Louis Phaneuf & Jean Gardy Victor, 2018. "Rules-Based Monetary Policy and the Threat of Indeterminacy When Trend Inflation is Low," Carleton Economic Papers 18-08, Carleton University, Department of Economics, revised 08 Mar 2019.
    4. Guido Ascari & Louis Phaneuf & Eric Sims, 2016. "Business Cycles, Investment Shocks, and the "Barro-King Curse"," Economics Series Working Papers 815, University of Oxford, Department of Economics.
    5. Guido Ascari & Louis Phaneuf & Eric Sims, 2015. "On the Welfare and Cyclical Implications of Moderate Trend Inflation," Economics Series Working Papers 763, University of Oxford, Department of Economics.
    6. Tenreyro, Silvana & Drechsel, Thomas & McLeay, Michael, 2019. "Monetary policy for commodity booms and busts," CEPR Discussion Papers 14030, C.E.P.R. Discussion Papers.

  14. Julio Garín & Robert Lester & Eric Sims, 2015. "On the Desirability of Nominal GDP Targeting," NBER Working Papers 21420, National Bureau of Economic Research, Inc.

    Cited by:

    1. Joaquín Bernal-Ramírez & Jair Ojeda-Joya & Camila Agudelo-Rivera & Felipe Clavijo-Ramírez & Carolina Durana-Ángel & Clark Granger-Castaño & Daniel Osorio-Rodríguez & Daniel Parra-Amado, 2022. "Impacto macroeconómico del cambio climático en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, issue 102, pages 1-62, July.
    2. Constantin ANGHELACHE & Ștefan Virgil IACOB & Dana Luiza GRIGORESCU, 2020. "The analysis of the quarterly evolution of the gross domestic product in 2019," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(622), S), pages 171-182, Spring.
    3. Jonathan Benchimol & Sergey Ivashchenko, 2020. "Switching Volatility in a Nonlinear Open Economy," CFDS Discussion Paper Series 2020/8, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    4. Bhatnagar, Aryaman, 2023. "Monetary policy with non-Ricardian households," The Quarterly Review of Economics and Finance, Elsevier, vol. 89(C), pages 12-26.
    5. Lars E.O. Svensson, 2020. "Monetary Policy Strategies for the Federal Reserve," International Journal of Central Banking, International Journal of Central Banking, vol. 16(1), pages 133-193, February.
    6. Pender, Casey, 2024. "Is deflation cause for panic? Evidence from the National Banking era," Journal of Macroeconomics, Elsevier, vol. 82(C).
    7. James S. Fackler & W. Douglas McMillin, 2018. "Nominal GDP versus Price Level Targeting: An Empirical Evaluation," Departmental Working Papers 2018-05, Department of Economics, Louisiana State University.
    8. Benchimol, Jonathan & Bozou, Caroline, 2024. "Desirable banking competition and stability," Journal of Financial Stability, Elsevier, vol. 73(C).
    9. Dvalishvili, Archil & Dvalishvili, Mikheil & Thurston, Thom, 2024. "Nominal GDP growth targeting vs. Taylor rules in a model with financial frictions," Economic Modelling, Elsevier, vol. 141(C).
    10. Benchimol, Jonathan, 2024. "Central bank objectives, monetary policy rules, and limited information," Journal of Macroeconomics, Elsevier, vol. 80(C).
    11. Craighead, William, 2016. "Hysteresis in a New Keynesian Model," MPRA Paper 70777, University Library of Munich, Germany.
    12. Chen, Huiying, 2021. "On the welfare implications of nominal GDP targeting," Journal of Macroeconomics, Elsevier, vol. 69(C).
    13. Goodhart, C. A. E. & Peiris, M. U. & Tsomocos, Dimitrios P & Wang, Xuan, 2021. "Corporate legacy debt, inflation, and the efficacy of monetary policy," LSE Research Online Documents on Economics 112955, London School of Economics and Political Science, LSE Library.
    14. Jonathan Benchimol & Lahcen Bounader, 2018. "Optimal Monetary Policy Under Bounded Rationality," Globalization Institute Working Papers 336, Federal Reserve Bank of Dallas.
    15. Constantin ANGHELACHE & Mădălina-Gabriela ANGHEL & Ștefan Virgil IACOB & Tudor SAMSON, 2020. "Analysis of the quarterly evolution of the Gross Domestic Product," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(624), A), pages 243-260, Autumn.
    16. Billi, Roberto M., 2020. "Unemployment fluctuations and nominal GDP targeting," Economics Letters, Elsevier, vol. 188(C).
    17. Billi, Roberto M., 2012. "Output Gaps and Robust Monetary Policy Rules," Working Paper Series 260, Sveriges Riksbank (Central Bank of Sweden).
    18. Christophe Blot & Jérôme Creel & Xavier Ragot, 2015. "Flexible inflation targeting vs nominal GDP targeting in the euro area," SciencePo Working papers Main hal-03429880, HAL.
    19. Benchimol, Jonathan & Fourçans, André, 2016. "Nominal income versus Taylor-type rules in practice," ESSEC Working Papers WP1610, ESSEC Research Center, ESSEC Business School.
    20. Isabel Cairó & Jae W. Sim, 2020. "Monetary Policy and Financial Stability," Finance and Economics Discussion Series 2020-101, Board of Governors of the Federal Reserve System (U.S.).
    21. Billi, Roberto M., 2022. "Inflation Targeting or Fiscal Activism?," Working Paper Series 412, Sveriges Riksbank (Central Bank of Sweden).
    22. Anghelache Constantin & Anghel Madalina-Gabriela, 2017. "Econometric Model For Complex Analyses And Forecast Of The Gross Domestic Product," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 5-12, December.
    23. William D. Craighead, 2020. "Intermediate Goods and Exchange Rate Disconnect," Open Economies Review, Springer, vol. 31(1), pages 113-129, February.
    24. Alba, Joseph D. & Liu, Jingting & Chia, Wai-Mun & Park, Donghyun, 2020. "Foreign output shock in small open economies: A welfare evaluation of monetary policy regimes," Economic Modelling, Elsevier, vol. 86(C), pages 101-116.
    25. Bryane Michael & Svitlana Osaulenko, 2021. "TOWARD A NEW COMPARATIVE PUBLIC LAW OF CENTRAL BANK LEGISLATION: Designing Legislative Mandates for Central Bank Private Securities Assets Purchases and Nominal GDP Targeting," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 10(1), pages 5-38.
    26. Ortiz, Marco & Inca, Arthur & Solf, Fabrizio, 2024. "Welfare implications of nomimal GDP targeting in a small open economy," MPRA Paper 119999, University Library of Munich, Germany.
    27. Constantin ANGHELACHE & Madalina Gabriela ANGHEL, 2017. "Econometric Methods And Models Used In The Analysis Of The Factorial Influence Of The Gross Domestic Product Growth," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 9, pages 67-78, June.
    28. Harsha Paranavithana & Rod Tyers & Leandro Magnusson & Florian Schiffmann, 2022. "Monetary policy regimes: A global assessment," The World Economy, Wiley Blackwell, vol. 45(6), pages 1737-1772, June.
    29. Chen, Huiying, 2020. "Nominal GDP targeting, real economic activity and inflation stabilization in a new Keynesian framework," The Quarterly Review of Economics and Finance, Elsevier, vol. 78(C), pages 53-63.
    30. Sumner, Scott, 2017. "Monetary policy rules in light of the great recession," Journal of Macroeconomics, Elsevier, vol. 54(PA), pages 90-99.
    31. Azariadis, Costas & Bullard, James & Singh, Aarti & Suda, Jacek, 2015. "Incomplete Credit Markets and Monetary Policy," Working Papers 2015-12, University of Sydney, School of Economics, revised Feb 2019.
    32. Jonathan Benchimol & André Fourçans, 2019. "Central bank losses and monetary policy rules: A DSGE investigation," Post-Print hal-02876656, HAL.
    33. Nicolás Cachanosky, 2021. "Microfoundations and macroeconomics: 20 years," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(2), pages 279-288, June.
    34. Kuan‐jen Chen & Ching‐chong Lai & Ting‐wei Lai, 2021. "Macroeconomic instability and targeting rules for monetary policy in an endogenously growing small open economy," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 904-926, September.
    35. Harsha Paranavithana & Leandro Magnusson & Rod Tyers, 2021. "Monetary Policy Regimes in Small Open Economies: The Case of Sri Lanka," Asian Economic Journal, East Asian Economic Association, vol. 35(4), pages 434-462, December.
    36. Chen, Haixia & Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2023. "UK Monetary Policy in An Estimated DSGE Model with State-Dependent Price and Wage Contracts," Cardiff Economics Working Papers E2023/22, Cardiff University, Cardiff Business School, Economics Section.
    37. Dobrew, Michael & Gerke, Rafael & Kienzler, Daniel & Schwemmer, Alexander, 2023. "Monetary policy rules under bounded rationality," Discussion Papers 18/2023, Deutsche Bundesbank.
    38. Salem Abo‐Zaid & Huiying Chen & Ahmed Kamara, 2021. "A fiscal perspective on nominal GDP targeting," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1641-1660, October.
    39. Ryan H. Murphy & Jiawen Chen, 2017. "A simple empirical investigation into the optimal size of the NGDP Target and Level targeting," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 41(2), pages 354-369, April.
    40. Jonathan Benchimol & André Fourçans, 2017. "Monetary Rule, Central Bank Loss and Household’s Welfare: an Empirical Investigation," Globalization Institute Working Papers 329, Federal Reserve Bank of Dallas.

  15. Guido Ascari & Louis Phaneuf & Eric Sims, 2015. "On the Welfare and Cyclical Implications of Moderate Trend Inflation," NBER Working Papers 21392, National Bureau of Economic Research, Inc.

    Cited by:

    1. Stefano Eusepi & Marc P. Giannoni & Bruce Preston, 2017. "Some implications of learning for price stability," CAMA Working Papers 2017-08, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    2. Marc Carreras & Olivier Coibion & Yuriy Gorodnichenko & Johannes Wieland, 2016. "Infrequent but Long-Lived Zero-Bound Episodes and the Optimal Rate of Inflation," Working Papers id:11216, eSocialSciences.
    3. Takushi Kurozumi & Willem Van Zandweghe, 2021. "Macroeconomic Changes with Declining Trend Inflation: Complementarity with the Superstar Firm Hypothesis," Bank of Japan Working Paper Series 21-E-13, Bank of Japan.
    4. P. Andrade & J. Gal & H. Le Bihan & J. Matheron, 2018. "The Optimal Inflation Target and the Natural Rate of Interest," Working papers 670, Banque de France.
    5. Eun Young Oh & Shuonan Zhang, 2020. "Informal economy and central bank digital currency," Working Papers in Economics & Finance 2020-11, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, revised 23 Jun 2022.
    6. Apostolos Serletis & Wei Dai, "undated". "On the Markov Switching Welfare Cost of Inflation," Working Papers 2019-12, Department of Economics, University of Calgary, revised 30 Aug 2019.
    7. Heinrichs, Katrin & Wagner, Helmut, 2019. "Positive trend inflation and the Phillips curve – A tale of two slopes and various impulse responses," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 283-307.
    8. Hyun Park, 2019. "Endogenous Growth and Equilibrium Cycles under Altruistic and Envious Preferences," Korean Economic Review, Korean Economic Association, vol. 35, pages 307-344.
    9. Cecion, Martina & Coenen, Günter & Gerke, Rafael & Le Bihan, Hervé & Motto, Roberto & Aguilar, Pablo & Ajevskis, Viktors & Giesen, Sebastian & Albertazzi, Ugo & Gilbert, Niels & Al-Haschimi, Alexander, 2021. "The ECB’s price stability framework: past experience, and current and future challenges," Occasional Paper Series 269, European Central Bank.
    10. Hashmat Khan & Louis Phaneuf & Jean Gardy Victor, 2018. "Rules-Based Monetary Policy and the Threat of Indeterminacy When Trend Inflation is Low," Carleton Economic Papers 18-08, Carleton University, Department of Economics, revised 08 Mar 2019.
    11. Jonas E Arias & Guido Ascari & Nicola Branzoli & Efrem Castelnuovo, 2018. "Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model," Melbourne Institute Working Paper Series wp2018n09, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    12. Joshua Brault & Hashmat Khan & Louis Phaneuf & Jean Gardy Victor, 2021. "US Postwar Macroeconomic Fluctuations Without Indeterminacy," Carleton Economic Papers 21-01, Carleton University, Department of Economics, revised 25 May 2021.
    13. Abbritti, Mirko & Consolo, Agostino & Weber, Sebastian, 2021. "Endogenous growth, downward wage rigidity and optimal inflation," Working Paper Series 2635, European Central Bank.
    14. Patrizio Tirelli & Maria Ferrara, 2020. "Disinflation, Inequality, And Welfare In A Tank Model," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1297-1313, July.
    15. Ascari, Guido & Colciago, Andrea & Silvestrini, Riccardo, 2023. "Business dynamism, sectoral reallocation and productivity in a pandemic," European Economic Review, Elsevier, vol. 156(C).
    16. Ginters Buss & Patrick Gruning & Olegs Tkacevs, 2021. "Choosing the European Fiscal Rule," Working Papers 2021/03, Latvijas Banka.
    17. Lawrence J. Christiano, 2016. "Comment," NBER Macroeconomics Annual, University of Chicago Press, vol. 30(1), pages 346-373.
    18. Guido Ascari & Louis Phaneuf & Eric Sims, 2016. "Business Cycles, Investment Shocks, and the "Barro-King Curse"," Economics Series Working Papers 815, University of Oxford, Department of Economics.
    19. Colciago, Andrea & Silvestrini, Riccardo, 2022. "Monetary policy, productivity, and market concentration," European Economic Review, Elsevier, vol. 142(C).
    20. Serletis, Apostolos & Xu, Libo, 2021. "The welfare cost of inflation," Journal of Economic Dynamics and Control, Elsevier, vol. 128(C).
    21. Nlemfu Mukoko, Jean Blaise, 2016. "On the Welfare Costs of Monetary Policy," MPRA Paper 72479, University Library of Munich, Germany, revised Jul 2016.
    22. Tomohide Mineyama & Wataru Hirata & Kenji Nishizaki, 2019. "Inflation and Social Welfare in a New Keynesian Model: The Case of Japan and the U.S," Bank of Japan Working Paper Series 19-E-10, Bank of Japan.
    23. Takushi Kurozumi & Willem Van Zandweghe, 2020. "Output-Inflation Trade-offs and the Optimal Inflation Rate," Working Papers 20-20, Federal Reserve Bank of Cleveland.
    24. Guido Ascari & Louis Phaneuf & Eric Sims, 2020. "Can New Keynesian Models Survive the Barro-King Curse?," Working Papers 20-05, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    25. Chen, Haixia & Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2023. "UK Monetary Policy in An Estimated DSGE Model with State-Dependent Price and Wage Contracts," Cardiff Economics Working Papers E2023/22, Cardiff University, Cardiff Business School, Economics Section.
    26. Phaneuf, Louis & Sims, Eric & Victor, Jean Gardy, 2018. "Inflation, output and markup dynamics with purely forward-looking wage and price setters," European Economic Review, Elsevier, vol. 105(C), pages 115-134.
    27. Steven Ambler, 2016. "Toward the Next Renewal of the Inflation-Control Agreement: Questions Facing the Bank of Canada," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 453, July.
    28. Zhao, Hong, 2022. "On the impacts of trend inflation in an open economy," Journal of International Economics, Elsevier, vol. 138(C).
    29. Nlemfu Mukoko, Jean Blaise, 2015. "The Cyclical Behavior of the Markups in the New Keynesian Models," MPRA Paper 72478, University Library of Munich, Germany, revised May 2016.
    30. Lawrence J. Christiano, 2015. "Comment on "Networks and the Macroeconomy: An Empirical Exploration"," NBER Chapters, in: NBER Macroeconomics Annual 2015, Volume 30, pages 346-373, National Bureau of Economic Research, Inc.
    31. Antonio N. Bojanic, 2021. "A Markov-Switching Model of Inflation in Bolivia," Economies, MDPI, vol. 9(1), pages 1-18, March.
    32. Tenreyro, Silvana & Drechsel, Thomas & McLeay, Michael, 2019. "Monetary policy for commodity booms and busts," CEPR Discussion Papers 14030, C.E.P.R. Discussion Papers.

  16. Eric Sims & Jonathan Wolff, 2013. "The Output and Welfare Effects of Government Spending Shocks over the Business Cycle," NBER Working Papers 19749, National Bureau of Economic Research, Inc.

    Cited by:

    1. Giovanni Ganelli & Juha Tervala, 2020. "Welfare Multiplier of Public Investment," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(2), pages 390-420, June.
    2. Pål Boug & Thomas von Brasch & Ådne Cappelen & Roger Hammersland & Håvard Hungnes & Dag Kolsrud & Julia Skretting & Birger Strøm & Trond C. Vigtel, 2022. "Fiscal policy, macroeconomic performance and industry structure in a small open economy," Discussion Papers 984, Statistics Norway, Research Department.
    3. Sims, Eric & Wolff, Jonathan, 2018. "The state-dependent effects of tax shocks," European Economic Review, Elsevier, vol. 107(C), pages 57-85.
    4. George Economides & Apostolis Philippopoulos, 2024. "On the provision of excludable public goods: General taxes or user prices?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 71(3), pages 379-415, July.
    5. Ferri, Javier & Herranz-Baez, Francisca, 2024. "Government expenditure and the housing puzzle: Unpacking mechanisms," Economic Modelling, Elsevier, vol. 140(C).
    6. Joshua Brault & Hashmat Khan & Louis Phaneuf & Jean Gardy Victor, 2021. "Did the Fed Remain at the ZLB Long Enough? Lessons from the 2008-2019 Period," Working Papers 21-09, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    7. Thierry Betti & Thomas Coudert, 2022. "How harmful are cuts in public employment and wage in times of high unemployment?," Post-Print hal-03982745, HAL.
    8. Dupor, Bill & Li, Jingchao & Li, Rong, 2019. "Sticky wages, private consumption, and Fiscal multipliers," Journal of Macroeconomics, Elsevier, vol. 62(C).
    9. Klaus Weyerstrass & Reinhard Neck & Dmitri Blueschke & Boris Majcen & Andrej Srakar & Miroslav Verbic, 2017. "Demand Side or Supply Side Stabilization Policies in a Small Euro Area Economy: A Case Study for Slovenia," EcoMod2017 10608, EcoMod.
    10. Thierry Betti & Thomas Coudert, 2015. "How can the labor market accounts for the effectiveness of fiscal policy over the business cycle?," Working Papers of BETA 2015-16, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    11. Dennis Egger & Johannes Haushofer & Edward Miguel & Paul Niehaus & Michael Walker, 2022. "General Equilibrium Effects of Cash Transfers: Experimental Evidence From Kenya," Econometrica, Econometric Society, vol. 90(6), pages 2603-2643, November.
    12. Bouakez, Hafedh & Guillard, Michel & Roulleau-Pasdeloup, Jordan, 2020. "The optimal composition of public spending in a deep recession," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 334-349.
    13. Vasilev, Aleksandar, 2020. "How quantitatively important is public investment for both business cycle fluctuations and output growth in Bulgaria (1999-2018)?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue forthcomi.
    14. Hamed Ghiaie, 2017. "Credit Crunch On Financial Intermediary," THEMA Working Papers 2017-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    15. Kuralbayeva, Karlygash, 2018. "Environmental taxation, employment and public spending in developing countries," LSE Research Online Documents on Economics 86378, London School of Economics and Political Science, LSE Library.
    16. Harrison, Richard, 2021. "Flexible inflation targeting with active fiscal policy," Bank of England working papers 928, Bank of England.
    17. Givens, Gregory, 2019. "Unemployment, Partial Insurance, and the Multiplier Effects of Government Spending," MPRA Paper 96811, University Library of Munich, Germany.
    18. Michael B. Devereux, 2018. "International Fiscal Spillovers: A Review Essay," Korean Economic Review, Korean Economic Association, vol. 34, pages 29-50.
    19. Valerie A. Ramey, 2019. "Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," Journal of Economic Perspectives, American Economic Association, vol. 33(2), pages 89-114, Spring.
    20. Ryan Niladri Banerjee & Fabrizio Zampolli, 2016. "What drives the short-run costs of fiscal consolidation? Evidence from OECD countries," BIS Working Papers 553, Bank for International Settlements.
    21. Zhang, Zuomin & Dai, Ling, 2023. "The bank loan distribution effect of government spending expansion: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 89(C).
    22. Fleischhacker, Jan, 2024. "Fiscal policy and the business cycle: An argument for non-linear policy rules," MPRA Paper 122497, University Library of Munich, Germany.
    23. Chuluunbayar, Delgerjargal, 2019. "The US Fiscal Consolidation, its impact and policy implications," MPRA Paper 98223, University Library of Munich, Germany.
    24. Lotfalipour, Mohammad Reza & sargolzaie, Ali & Salehnia, Narges, 2022. "Natural resources: A curse on welfare?," Resources Policy, Elsevier, vol. 79(C).
    25. Haytem Troug, 2020. "Monetary policy with non-separable government spending," Journal of Applied Economics, Taylor & Francis Journals, vol. 23(1), pages 426-449, January.
    26. Klaus Weyerstrass & Rijad Kovac, 2023. "Fiscal policies in the Federation of Bosnia and Herzegovina: are spending or revenue measures more effective?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(1), pages 173-206, February.
    27. Troug, Haytem, 2019. "Monetary Policy with Non-Separable Government Spending," MPRA Paper 92323, University Library of Munich, Germany.
    28. Zuzana Mucka & Michal Horvath, 2015. "Fiscal Policy Matters A New DSGE Model for Slovakia," Discussion Papers Discussion Paper No. 1/20, Council for Budget Responsibility.
    29. Dimakopoulou, Vasiliki & Economides, George & Philippopoulos, Apostolis, 2022. "The ECB's policy, the Recovery Fund and the importance of trust and fiscal corrections: The case of Greece," Economic Modelling, Elsevier, vol. 112(C).
    30. Kevin XD Huang & Nam T Vu, 2019. "Rare but Long-lasting Liquidity Traps and Fiscal Stimulus," Vanderbilt University Department of Economics Working Papers 19-00014, Vanderbilt University Department of Economics.
    31. Valerie A. Ramey & Sarah Zubairy, 2018. "Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data," Journal of Political Economy, University of Chicago Press, vol. 126(2), pages 850-901.
    32. Siming Liu, 2018. "Government Spending during Sudden Stop Crises," CAEPR Working Papers 2018-002, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    33. Fotiou, Alexandra, 2022. "Non-linearities in fiscal policy: The role of debt," European Economic Review, Elsevier, vol. 150(C).
    34. Chunbing Cai & Jordan Roulleau-Pasdeloup, 2023. "Simple Analytics of the Government Investment Multiplier," Papers 2302.11212, arXiv.org, revised Sep 2023.
    35. Ohad Raveh, 2016. "Monetary Policy, Fisal Federalism, and Capital Intensity," OxCarre Working Papers 181, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    36. Murray, James, 2024. "Fiscal policy reactions and impact over the labor income distribution," Economic Analysis and Policy, Elsevier, vol. 83(C), pages 701-718.
    37. Manuel Torres Favela & Edgar Mauricio Luna Dominguez, 2024. "Exercises for Stimulating Economic Activity through Public Spending: A Case Study for Mexico," Sobre México. Revista de Economía, Sobre México. Temas en economía, vol. 1(10), pages 5-29.
    38. Shen, Wenyi & Yang, Shu-Chun S., 2018. "Downward nominal wage rigidity and state-dependent government spending multipliers," Journal of Monetary Economics, Elsevier, vol. 98(C), pages 11-26.
    39. James Malley & Apostolis Philippopoulos & Jim Malley, 2022. "The Macroeconomic Effects of Funding U.S. Infrastructure," CESifo Working Paper Series 9530, CESifo.
    40. Tervala, Juha & Watson, Timothy, 2022. "Hysteresis and fiscal stimulus in a recession," Journal of International Money and Finance, Elsevier, vol. 124(C).
    41. Andrew Binning, 2024. "Calculating Government Consumption Multipliers in New Zealand Using an Estimated DSGE Model," Treasury Working Paper Series 24/01, New Zealand Treasury.
    42. Severine Menguy, 2019. "Efficiency of Cuts in Various Taxation Rates to Foster Economic Growth in a Framework of Wages Rigidity," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 5(1), pages 1-36, January.
    43. Chacko George & Florian Kuhn, 2019. "Business Cycle Implications of Capacity Constraints under Demand Shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 94-121, April.
    44. Harrison, Richard & Thomas, Ryland, 2019. "Monetary financing with interest-bearing money," Bank of England working papers 785, Bank of England.
    45. Amélie Barbier-Gauchard & Thierry Betti, 2020. "Spillover effects of fiscal policy in a monetary union : Why do fiscal instruments matter ?," Post-Print hal-02545869, HAL.
    46. Cheng‐wei Chang, 2023. "Optimal fiscal policy under monopolistic competition with firm heterogeneity," Scottish Journal of Political Economy, Scottish Economic Society, vol. 70(5), pages 423-438, November.
    47. Vasiliki Dimakopoulou & George Economides & Apostolis Philippopoulos, 2024. "Repayment of EU Bailout Loans in a Member-Country of the ES: The Case of Greece," CESifo Working Paper Series 11519, CESifo.
    48. Mr. Tidiane Kinda & Andras Lengyel & Kaustubh Chahande, 2022. "Fiscal Multipliers During Pandemics," IMF Working Papers 2022/149, International Monetary Fund.
    49. Jerow, Sam & Wolff, Jonathan, 2022. "Fiscal policy and uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
    50. Ferrari, Alessandro, 2023. "Losers amongst the Losers:," Research in Economics, Elsevier, vol. 77(1), pages 34-59.
    51. Dinlersoz, Emin M. & Fu, Zhe, 2022. "Infrastructure investment and growth in China: A quantitative assessment," Journal of Development Economics, Elsevier, vol. 158(C).
    52. Givens, Gregory & Tavoy, Reid, 2024. "Entry, unemployment, and the transmission of government spending shocks," MPRA Paper 121894, University Library of Munich, Germany.
    53. Aursland, Thor Andreas & Frankovic, Ivan & Kanik, Birol & Saxegaard, Magnus, 2020. "State-dependent fiscal multipliers in NORA - A DSGE model for fiscal policy analysis in Norway," Economic Modelling, Elsevier, vol. 93(C), pages 321-353.
    54. Konstantinou, Panagiotis Th. & Partheniou, Andromachi, 2021. "The Effects of Government Spending Over the Business Cycle: A Disaggregated Analysis for OECD and Non-OECD Countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 809-822.
    55. Zeqi Liu & Zefeng Tong & Zhonghua Zhang, 2023. "Government expenditure structure, technological progress and economic growth," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 19(11), pages 3729-3767, February.
    56. Kamalyan, Hayk, 2021. "Phase-Dependent Monetary and Fiscal Policy," MPRA Paper 110341, University Library of Munich, Germany.
    57. Sewon Hur, 2018. "The Lost Generation of the Great Recession," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 179-202, October.
    58. Muhammad Raashid & Abdul Saboor & Aneela Afzal, 2020. "Decision between Public Investment and Public Consumption: A Policy Analysis," Global Economics Review, Humanity Only, vol. 5(1), pages 131-152, March.
    59. Javier Ferri & Francisca Herranz-Baez, 2023. "Building on fiscal policy: government consumption and the residential sector. When helping hurts," Working Papers 2023-01, FEDEA.
    60. Herranz, Moisés Meroño & Turino, Francesco, 2023. "Tax evasion, fiscal policy and public debt: Evidence from Spain," Economic Systems, Elsevier, vol. 47(3).
    61. Rüth, Sebastian K. & Simon, Camilla, 2020. "How Do Income and the Debt Position of Households Propagate Public into Private Spending?," Working Papers 0676, University of Heidelberg, Department of Economics.
    62. Pablo Garcia Sanchez & Alban Moura, 2019. "The LU-EAGLE model with disaggregated public expenditure," BCL working papers 135, Central Bank of Luxembourg.

  17. Eric R. Sims, 2012. "News, Non-Invertibility, and Structural VARs," Working Papers 013, University of Notre Dame, Department of Economics, revised Jun 2012.

    Cited by:

    1. Massimo Franchi & Paolo Paruolo, 2015. "Minimality of State Space Solutions of DSGE Models and Existence Conditions for Their VAR Representation," Computational Economics, Springer;Society for Computational Economics, vol. 46(4), pages 613-626, December.
    2. Paccagnini, Alessia, 2017. "Dealing with Misspecification in DSGE Models: A Survey," MPRA Paper 82914, University Library of Munich, Germany.
    3. Soccorsi, Stefano, 2016. "Measuring nonfundamentalness for structural VARs," Journal of Economic Dynamics and Control, Elsevier, vol. 71(C), pages 86-101.
    4. Nikolay Iskrev, 2018. "Are asset price data informative about news shocks? A DSGE perspective," Working Papers REM 2018/33, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    5. Canova, Fabio & Ciccarelli, Matteo, 2013. "Panel Vector Autoregressive Models: A Survey," CEPR Discussion Papers 9380, C.E.P.R. Discussion Papers.
    6. Giovanni Caggiano & Efrem Castelnuovo & Valentina Colombo & Gabriela Nodari, 2014. "Estimating Fiscal Multipliers: News from a Nonlinear World," Melbourne Institute Working Paper Series wp2014n26, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    7. Eric R. Sims, 2016. "Differences in Quarterly Utilization-Adjusted TFP by Vintage, with an Application to News Shocks," NBER Working Papers 22154, National Bureau of Economic Research, Inc.
    8. Luca Sala & Luca Gambetti & Mario Forni, 2016. "VAR Information and the Empirical Validation of DSGE Models," 2016 Meeting Papers 260, Society for Economic Dynamics.
    9. Faraglia, Elisa & Oikonomou, Rigas & Equiza-Goñi, Juan, 2016. "Union Debt Management," CEPR Discussion Papers 11181, C.E.P.R. Discussion Papers.
    10. Mario Forni & Luca Gambetti & marco Lippi & Luca Sala, 2020. "Common Components Structural VARs," Center for Economic Research (RECent) 147, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
    11. Fève, Patrick & Guay, Alain, 2016. "Sentiments in SVARs," TSE Working Papers 16-656, Toulouse School of Economics (TSE).
    12. Portier, Franck & Beaudry, Paul & Feve, Patrick & Guay, Alain, 2015. "When is Nonfundamentalness in VARs A Real Problem? An Application to News Shocks," CEPR Discussion Papers 10763, C.E.P.R. Discussion Papers.
    13. Raffaella Giacomini, 2013. "The relationship between DSGE and VAR models," CeMMAP working papers CWP21/13, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    14. Robert B. Barsky & Susanto Basu & Keyoung Lee, 2015. "Whither News Shocks?," NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 225-264.
    15. Bin Chen & Jinho Choi & Juan Carlos Escanciano, 2017. "Testing for fundamental vector moving average representations," Quantitative Economics, Econometric Society, vol. 8(1), pages 149-180, March.
    16. Beaudry, Paul & Fève, Patrick & Guay, Alain & Portier, Franck, 2016. "When is Nonfundamentalness in SVARs A Real Problem?," TSE Working Papers 16-738, Toulouse School of Economics (TSE).
    17. Fabrice Dabiré, 2022. "Forward guidance and the exchange rate: A theoretical sign restricted VAR analysis," Cahiers de recherche 22-03, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    18. Massimo Franchi & Paolo Paruolo, 2012. "On ABCs (and Ds) of VAR representations of DSGE models," DSS Empirical Economics and Econometrics Working Papers Series 2012/4, Centre for Empirical Economics and Econometrics, Department of Statistics, "Sapienza" University of Rome.
    19. Thales A. J. T. T. Maion & Marcio Issao Nakane, 2019. "News shocks and consumer expectations: evidence for Brazil," Working Papers, Department of Economics 2019_11, University of São Paulo (FEA-USP).
    20. Andrea Boitani & Salvatore Perdichizzi, 2018. "Public Expenditure Multipliers in recessions. Evidence from the Eurozone," DISCE - Working Papers del Dipartimento di Economia e Finanza def068, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    21. Christian Bayer & Benjamin Born & Ralph Luetticke, 2021. "The Liquidity Channel of Fiscal Policy," ifo Working Paper Series 351, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    22. Nelimarkka, Jaakko, 2017. "Evidence on News Shocks under Information Deficiency," MPRA Paper 80850, University Library of Munich, Germany.
    23. van der Wielen, Wouter, 2020. "The macroeconomic effects of tax changes: Evidence using real-time data for the European Union," Economic Modelling, Elsevier, vol. 90(C), pages 302-321.
    24. Ana Mitreska & Sultanija Bojcheva – Terzijan, 2017. "Panel Estimation of the Impact of Foreign Banks Presence on Selected Banking Indicators in Macedonia," Working Papers 2017-04, National Bank of the Republic of North Macedonia.
    25. Benjamin Born & Gernot J. Müller & Johannes Pfeifer, 2020. "Does Austerity Pay Off?," The Review of Economics and Statistics, MIT Press, vol. 102(2), pages 323-338, May.
    26. Seymen, Atılım, 2013. "Sequential identification of technological news shocks," ZEW Discussion Papers 13-111, ZEW - Leibniz Centre for European Economic Research.
    27. Nadav Ben Zeev, 2015. "WHAT CAN WE LEARN ABOUT NEWS SHOCKS FROM THE LATE 1990s AND EARLY 2000s BOOM-BUST PERIOD?," Working Papers 1501, Ben-Gurion University of the Negev, Department of Economics.
    28. Massimo Franchi, 2013. "Comment on: Ravenna, F., 2007. Vector autoregressions and reduced form representations of DSGE models. Journal of Monetary Economics 54, 2048-2064," DSS Empirical Economics and Econometrics Working Papers Series 2013/2, Centre for Empirical Economics and Econometrics, Department of Statistics, "Sapienza" University of Rome.
    29. Kilian, Lutz, 2011. "Structural Vector Autoregressions," CEPR Discussion Papers 8515, C.E.P.R. Discussion Papers.
    30. Daniel J. Lewis, 2019. "Announcement-Specific Decompositions of Unconventional Monetary Policy Shocks and Their Macroeconomic Effects," Staff Reports 891, Federal Reserve Bank of New York.
    31. Bolboaca Maria & Fischer Sarah, 2021. "Unraveling News: Reconciling Conflicting Evidence," The B.E. Journal of Macroeconomics, De Gruyter, vol. 21(2), pages 695-743, June.
    32. Paul Beaudry & Franck Portier, 2014. "News Driven Business Cycles: Insights and Challenges," 2014 Meeting Papers 289, Society for Economic Dynamics.
    33. Nadav Ben Zeev & Evi Pappa, 2017. "Chronicle of a War Foretold: The Macroeconomic Effects of Anticipated Defence Spending Shocks," Economic Journal, Royal Economic Society, vol. 127(603), pages 1568-1597, August.
    34. Rilind Kabashi, 2017. "Macroeconomic effects of fiscal policy in the European Union, with particular reference to transition countries," Public Sector Economics, Institute of Public Finance, vol. 41(1), pages 39-69.
    35. Saleem A. Bahaj, 2014. "Systemic Sovereign Risk: Macroeconomic Implications in the Euro Area," Working Papers 191, Oesterreichische Nationalbank (Austrian Central Bank).
    36. Miranda-Agrippino, Silvia & Hacıoğlu Hoke, Sinem & Bluwstein, Kristina, 2020. "Patents, News, and Business Cycles," CEPR Discussion Papers 15062, C.E.P.R. Discussion Papers.
    37. Iskrev, Nikolay, 2019. "On the sources of information about latent variables in DSGE models," European Economic Review, Elsevier, vol. 119(C), pages 318-332.
    38. Nadav Ben Zeev & Hashmat Khan, 2012. "Investment-Specific News Shocks and U.S. Business Cycles," Carleton Economic Papers 12-05, Carleton University, Department of Economics, revised 25 Feb 2013.
    39. Hashmat Khan & Abeer Reza, 2013. "House Prices and Government Spending Shocks," Carleton Economic Papers 13-10, Carleton University, Department of Economics, revised 14 Sep 2016.
    40. Kyle Jurado & Ryan Chahrour, 2018. "Recoverability," 2018 Meeting Papers 320, Society for Economic Dynamics.
    41. Saccal, Alessandro, 2021. "Confidence and economic activity in Europe," MPRA Paper 108812, University Library of Munich, Germany.
    42. Fève, Patrick & Jidoud, Ahmat, 2012. "Identifying News Shocks from SVARs," TSE Working Papers 12-287, Toulouse School of Economics (TSE).
    43. Kang, Jihye & Kim, Soyoung, 2022. "Government spending news and surprise shocks: It’s the timing and persistence," Journal of Macroeconomics, Elsevier, vol. 73(C).
    44. Mr. Ravi Balakrishnan & Stefan Laseen & Mr. Andrea Pescatori, 2016. "U.S. Dollar Dynamics: How Important Are Policy Divergence and FX Risk Premiums?," IMF Working Papers 2016/125, International Monetary Fund.
    45. Ben Zeev, Nadav & Pappa, Evi & Vicondoa, Alejandro, 2017. "Emerging economies business cycles: The role of commodity terms of trade news," Journal of International Economics, Elsevier, vol. 108(C), pages 368-376.
    46. Mario Forni & Luca Gambetti & Luca Sala, 2018. "Fundamentalness, Granger Causality and Aggregation," Center for Economic Research (RECent) 139, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
    47. de Souza Ramser, Claudia Aline & Souza, Adriano Mendonça & Souza, Francisca Mendonça & da Veiga, Claudimar Pereira & da Silva, Wesley Vieira, 2019. "The importance of principal components in studying mineral prices using vector autoregressive models: Evidence from the Brazilian economy," Resources Policy, Elsevier, vol. 62(C), pages 9-21.
    48. Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2020. "News and why it is not shocking: The role of micro-foundations," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 66(C).
    49. Raffaella Giacomini, 2013. "The relationship between DSGE and VAR models," CeMMAP working papers 21/13, Institute for Fiscal Studies.
    50. Beaudry, Paul & Portier, Franck & Seymen, Atılım, 2013. "Comparing two methods for the identification of news shocks," ZEW Discussion Papers 13-110, ZEW - Leibniz Centre for European Economic Research.

  18. Rüdiger Bachmann & Tim O. Berg & Eric R. Sims, 2012. "Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence," NBER Working Papers 17958, National Bureau of Economic Research, Inc.

    Cited by:

    1. Alan S. Blinder & Michael Ehrmann & Jakob de Haan & David-Jan Jansen, 2024. "Central Bank Communication with the General Public: Promise or False Hope?," Journal of Economic Literature, American Economic Association, vol. 62(2), pages 425-457, June.
    2. Qian, Wei, 2023. "House price expectations and household consumption," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    3. Coibion, Olivier & Georgarakos, Dimitris & Gorodnichenko, Yuriy & van Rooij, Maarten, 2019. "How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial," IZA Discussion Papers 12498, Institute of Labor Economics (IZA).
    4. D'Acunto, Francesco & Hoang, Daniel & Weber, Michael, 2021. "Managing households' expectations with unconventional policies," Working Paper Series in Economics 148, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    5. Francesco D'Acunto & Daniel Hoang & Michael Weber & Michael Weber, 2016. "Unconventional Fiscal Policy, Inflation Expectations, and Consumption Expenditure," CESifo Working Paper Series 5793, CESifo.
    6. Martin Geiger & Johann Scharler, 2018. "How do consumers interpret the macroeconomic effects of oil price fluctuations? Evidence from U.S. survey data," Working Papers 2018-13, Faculty of Economics and Statistics, Universität Innsbruck.
    7. Sören Harrs & Lara Marie Müller & Bettina Rockenbach, 2021. "How Optimistic and Pessimistic Narratives about COVID-19 Impact Economic Behavior," ECONtribute Discussion Papers Series 091, University of Bonn and University of Cologne, Germany.
    8. Christopher Roth & Johannes Wohlfart, 2020. "How Do Expectations about the Macroeconomy Affect Personal Expectations and Behavior?," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 731-748, October.
    9. Goldfayn-Frank, Olga & Kieren, Pascal & Trautmann, Stefan, 2024. "A Choice-Based Approach to the Measurement of Inflation Expectations," Working Papers 0742, University of Heidelberg, Department of Economics.
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    251. Cevik Serhan & Jalles Joao, 2024. "Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth," Review of Economics, De Gruyter, vol. 75(2), pages 109-138.
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    255. Jorge Miranda-Pinto & Daniel Murphy & Eric Young & Kieran Walsh, 2018. "Debt Burdens and the Interest Rate Response to Fiscal Stimulus: Theory and Cross-Country Evidence," 2018 Meeting Papers 936, Society for Economic Dynamics.
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    257. Mauro Napoletano & Andrea Roventini & Jean Luc Gaffard, 2015. "Toward a low carbon growth in Mexico : is a double dividend possible ? A dynamic general equilibrium assessment," Documents de Travail de l'OFCE 2015-25, Observatoire Francais des Conjonctures Economiques (OFCE).
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    259. Jorge Miranda-Pinto & Daniel Murphy & Kieran James Walsh & Eric R. Young, 2019. "Saving Constraints, Debt, and the Credit Market Response to Fiscal Stimulus: Theory and Cross-Country Evidence," Discussion Papers Series 609, School of Economics, University of Queensland, Australia.
    260. Serhan Cevik, João Tovar Jalles, 2023. "Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth," Working Papers REM 2023/0276, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
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    268. Debes, Sebastian & Gareis, Johannes & Mayer, Eric & Rüth, Sebastian, 2014. "Towards a consumer sentiment channel of monetary policy," W.E.P. - Würzburg Economic Papers 91, University of Würzburg, Department of Economics.
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    274. Borrallo Egea, Fructuoso & Hierro, Luis Ángel, 2019. "Transmission of monetary policy in the US and EU in times of expansion and crisis," Journal of Policy Modeling, Elsevier, vol. 41(4), pages 763-783.
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    276. Barbieri Góes, Maria Cristina & Deleidi, Matteo, 2022. "Output determination and autonomous demand multipliers: An empirical investigation for the US economy," Economic Modelling, Elsevier, vol. 116(C).
    277. Aragón, Edilean Kleber da Silva Bejarano & Galvão, Ana Beatriz, 2023. "Shock-based inference on the Phillips curve with the cost channel," Economic Modelling, Elsevier, vol. 126(C).
    278. Vivien Lewis & Roland Winkler, 2017. "Government Spending, Entry, And The Consumption Crowding‐In Puzzle," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(3), pages 943-972, August.
    279. Philippe Goulet Coulombe & Maximilian Gobel, 2021. "Arctic Amplification of Anthropogenic Forcing: A Vector Autoregressive Analysis," Working Papers 21-04, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    280. Bui, Dzung & Dräger, Lena & Hayo, Bernd & Nghiem, Giang, 2023. "Macroeconomic expectations and consumer sentiment during the COVID-19 pandemic: The role of others’ beliefs," European Journal of Political Economy, Elsevier, vol. 77(C).
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    285. Steven Fazzari & James Morley & Irina Panovska, 2013. "State-Dependent Effects of Fiscal Policy," Discussion Papers 2012-27A, School of Economics, The University of New South Wales.
    286. Matosec, Marina, 2022. "Heading Towards the New Great Recession? A Confidence Research Perspective," Journal of Economic and Social Development, Clinical Journals Press, vol. 9(02), pages 01-11, September.
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  20. Eric Sims & Michael Jason Pries, 2011. "Reallocation and the Changing Nature of Economic Fluctuations," 2011 Meeting Papers 1258, Society for Economic Dynamics.

    Cited by:

    1. Matthias Kehrig & Nicolas L. Ziebarth, 2017. "The Effects of the Real Oil Price on Regional Wage Dispersion," CESifo Working Paper Series 6408, CESifo.
    2. caterina mendicino & Antonello DÁgostino, 2016. "Expectation-driven cycles: Time-Varying Effects," EcoMod2016 9350, EcoMod.
    3. Francesco Furlanett & Nicolas Groshenny, 2012. "Matching efficiency and business cycle fluctuations," Reserve Bank of New Zealand Discussion Paper Series DP2012/06, Reserve Bank of New Zealand.
    4. Kevin x.d. Huang & Jie Chen & Zhe Li & Jianfei Sun, 2014. "Financial Conditions and Slow Recoveries," Vanderbilt University Department of Economics Working Papers 14-00004, Vanderbilt University Department of Economics.
    5. Ellen R. McGrattan & Edward C. Prescott, 2012. "The labor productivity puzzle," Working Papers 694, Federal Reserve Bank of Minneapolis.
    6. Francesco Furlanetto & Nicolas Groshenny, 2013. "Mismatch shocks and unemployment during the Great Recession," Working Paper 2013/16, Norges Bank.
    7. Hyun, Junghwan, 2016. "Financial crises and the evolution of credit reallocation: Evidence from Korea," Economic Modelling, Elsevier, vol. 56(C), pages 25-34.
    8. Carlos Carrillo-Tudela & Ludo Visschers, 2021. "Unemployment and Endogenous Reallocation over the Business Cycle," Edinburgh School of Economics Discussion Paper Series 302, Edinburgh School of Economics, University of Edinburgh.
    9. Grace Weishi Gu, 2017. "Online Appendix to "Employment and the Cyclical Cost of Worker Benefits"," Online Appendices 15-318, Review of Economic Dynamics.
    10. Ilanit Gavious & Yaron Lahav & Meir Russ, 2016. "Changes in the value implications of compensation costs throughout the economic cycle: an examination of high-tech versus low-tech industries," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 23(2), pages 200-223, June.
    11. Sébastien Bock & Idriss Fontaine, 2020. "Routine-Biased Technological Change and Hours Worked over the Business Cycle," PSE Working Papers halshs-02982145, HAL.
    12. Christian vom Lehn & Thomas Winberry, 2018. "The Changing Nature of Sectoral Comovement," 2018 Meeting Papers 277, Society for Economic Dynamics.
    13. Olivier Coibion & Yuriy Gorodnichenko & Dmitri Koustas, 2013. "Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence," NBER Working Papers 19600, National Bureau of Economic Research, Inc.
    14. Ertürk, Korkut Alp & Mendieta-Muñoz, Ivan, 2018. "The changing dynamics of short-run output adjustment," MPRA Paper 87409, University Library of Munich, Germany.
    15. Edward P. Lazear & Kathryn L. Shaw & Christopher Stanton, 2014. "Making Do With Less: Working Harder During Recessions," CEP Discussion Papers dp1321, Centre for Economic Performance, LSE.
    16. Gomis, Roger. & Khatiwada, Sameer., 2016. "Firm dynamics and business cycle what doesn't kill you makes you stronger?," ILO Working Papers 994909323402676, International Labour Organization.
    17. Yuelin Liu, 2014. "How Structural Is Unemployment in the United States?," Discussion Papers 2014-42, School of Economics, The University of New South Wales.
    18. Johannes Wieland & Gabriel Chodorow-Reich, 2015. "Labor Reallocation and Business Cycles," 2015 Meeting Papers 339, Society for Economic Dynamics.
    19. John G. Fernald & J. Christina Wang, 2015. "Why has the cyclicality of productivity changed?: what does it mean?," Current Policy Perspectives 15-6, Federal Reserve Bank of Boston.
    20. Hyun, Junghwan & Uddin, Azad, 2016. "Heterogeneous lending behaviors and gross loan flows in developing economies," Economic Modelling, Elsevier, vol. 55(C), pages 359-372.
    21. Jacob Wong, 2012. "Aggregate Reallocation Shocks and the Dynamics of Occupational Mobility and Wage Inequality," School of Economics and Public Policy Working Papers 2012-04, University of Adelaide, School of Economics and Public Policy.
    22. Gabriel Chodorow-Reich & Johannes Wieland, 2017. "Secular Labor Reallocation and Business Cycles," Working Paper 313261, Harvard University OpenScholar.
    23. Matthias Kehrig & Nicolas Vincent, 2013. "Disentangling Labor Supply and Demand Shifts Using Spatial Wage Dispersion: The Case of Oil Price Shocks," Working Papers 13-57, Center for Economic Studies, U.S. Census Bureau.
    24. Jacob Wong, 2017. "Aggregate Reallocation Shocks, Occupational Employment and Distance," School of Economics and Public Policy Working Papers 2017-09, University of Adelaide, School of Economics and Public Policy.
    25. David Berger, 2012. "Countercyclical Restructuring and Jobless Recoveries," 2012 Meeting Papers 1179, Society for Economic Dynamics.

  21. Ruediger Bachmann & Steffen Elstner & Eric R. Sims, 2010. "Uncertainty and Economic Activity: Evidence from Business Survey Data," NBER Working Papers 16143, National Bureau of Economic Research, Inc.

    Cited by:

    1. Chatterjee Pratiti, 2019. "Asymmetric impact of uncertainty in recessions: are emerging countries more vulnerable?," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 23(2), pages 1-27, April.
    2. Emilia Tomczyk & Barbara Kowalczyk, 2023. "Consensus in Business Tendency Surveys: Comparison of Alternative Measures," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 17-29.
    3. Blanka Škrabić Perić & Petar Sorić, 2018. "A Note on the “Economic Policy Uncertainty Index”," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 137(2), pages 505-526, June.
    4. Hristov, Nikolay & Roth, Markus, 2019. "Uncertainty shocks and financial crisis indicators," Discussion Papers 36/2019, Deutsche Bundesbank.
    5. Mecikovsky, Ariel & Meier, Matthias, 2014. "Do plants freeze upon uncertainty shocks?," EconStor Preprints 100662, ZBW - Leibniz Information Centre for Economics.
    6. Carstensen, Kai & Bachmann, Rüdiger & Schneider, Martin & Lautenbacher, Stefan, 2018. "Uncertainty is Change," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181572, Verein für Socialpolitik / German Economic Association.
    7. Dario Caldara & Cristina Fuentes-Albero & Simon Gilchrist & Egon Zakrajšek, 2016. "The Macroeconomic Impact of Financial and Uncertainty Shocks," International Finance Discussion Papers 1166, Board of Governors of the Federal Reserve System (U.S.).
    8. Moench, Emanuel & Soofi-Siavash, Soroosh, 2022. "What moves treasury yields?," Journal of Financial Economics, Elsevier, vol. 146(3), pages 1016-1043.
    9. Bonciani, Dario, 2015. "Estimating the effects of uncertainty over the business cycle," MPRA Paper 65921, University Library of Munich, Germany.
    10. Saijo, Hikaru, 2017. "The uncertainty multiplier and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 78(C), pages 1-25.
    11. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann, 2023. "Firm Expectations and News: Micro v Macro," ifo Working Paper Series 400, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    12. Soojin Jo & Rodrigo Sekkel, 2019. "Macroeconomic Uncertainty Through the Lens of Professional Forecasters," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 37(3), pages 436-446, July.
    13. Shi, Jinchuan & Zhang, Xiaoqian, 2018. "How to explain corporate investment heterogeneity in China's new normal: Structural models with state-owned property rights," China Economic Review, Elsevier, vol. 50(C), pages 1-16.
    14. Jose E. Gomez-Gonzalez & Jorge Hirs-Garzon & Jorge M. Uribe, 2020. "Global effects of US uncertainty: real and financial shocks on real and financial markets," IREA Working Papers 202015, University of Barcelona, Research Institute of Applied Economics, revised Oct 2020.
    15. Jonathan Benchimol & Makram El-Shagi & Yossi Saadon, 2020. "Do Expert Experience and Characteristics Affect Inflation Forecasts?," Bank of Israel Working Papers 2020.11, Bank of Israel.
    16. Ivana Lolić & Petar Sorić & Marija Logarušić, 2022. "Economic Policy Uncertainty Index Meets Ensemble Learning," Computational Economics, Springer;Society for Computational Economics, vol. 60(2), pages 401-437, August.
    17. Jingjing Xu, 2022. "Does culture play a role in the stock market's response to uncertainty?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 2530-2548, April.
    18. Idriss Fontaine, 2021. "Uncertainty and Labour Force Participation," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(2), pages 437-471, April.
    19. Bloom, Nicholas & Davis, Steven J. & Foster, Lucia & Ohlmacher, Scott & Saporta-Eksten, Itay, 2022. "Investment and Subjective Uncertainty," IZA Discussion Papers 15710, Institute of Labor Economics (IZA).
    20. James Peery Cover & Hye-Jin Lee, 2015. "Do market prices aggregate information about macroeconomic uncertainty (or risk)?," Applied Economics, Taylor & Francis Journals, vol. 47(42), pages 4511-4534, September.
    21. Timo Wollmershäuser & Wolfgang Nierhaus & Nikolay Hristov & Dorine Boumans & Johanna Garnitz & Marcell Göttert & Christian Grimme & Stefan Lauterbacher & Robert Lehmann & Wolfgang Meister & Magnus Rei, 2016. "ifo Konjunkturprognose 2016–2018: Robuste deutsche Konjunktur vor einem Jahr ungewisser internationaler Wirtschaftspolitik," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(24), pages 28-73, December.
    22. Gambetti, Paolo & Gauthier, Geneviève & Vrins, Frédéric, 2019. "Recovery rates: Uncertainty certainly matters," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 371-383.
    23. Haque, Qazi & Magnusson, Leandro M., 2021. "Uncertainty shocks and inflation dynamics in the U.S," Economics Letters, Elsevier, vol. 202(C).
    24. Salzmann, Leonard, 2020. "The Impact of Uncertainty and Financial Shocks in Recessions and Booms," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224588, Verein für Socialpolitik / German Economic Association.
    25. David Altig & Jose Maria Barrero & Nicholas Bloom & Steven J. Davis & Brent H. Meyer & Nicholas Parker, 2019. "Surveying Business Uncertainty," NBER Working Papers 25956, National Bureau of Economic Research, Inc.
    26. Sourafel Girma & Sandra Lancheros & Alejandro Riaño, 2015. "Global Engagement and Returns Volatility," CESifo Working Paper Series 5650, CESifo.
    27. Binge, Laurie H. & Boshoff, Willem H., 2020. "Economic uncertainty in South Africa," Economic Modelling, Elsevier, vol. 88(C), pages 113-131.
    28. Andrea Carriero & Todd E. Clark & Massimiliano Marcellino, 2018. "Measuring Uncertainty and Its Impact on the Economy," The Review of Economics and Statistics, MIT Press, vol. 100(5), pages 799-815, December.
    29. Mehkari, M. Saif, 2016. "Uncertainty shocks in a model with mean-variance frontiers and endogenous technology choices," Journal of Macroeconomics, Elsevier, vol. 49(C), pages 71-98.
    30. Paraskevi Salamaliki, 2015. "Economic Policy Uncertainty and Economic Activity: A Focus on Infrequent Structural Shifts," Working Paper Series of the Department of Economics, University of Konstanz 2015-08, Department of Economics, University of Konstanz.
    31. Bachmann, Rüdiger & Sims, Eric R., 2012. "Confidence and the transmission of government spending shocks," Journal of Monetary Economics, Elsevier, vol. 59(3), pages 235-249.
    32. Meinen, Philipp & Röhe, Oke, 2018. "To sign or not to sign? On the response of prices to financial and uncertainty shocks," Discussion Papers 33/2018, Deutsche Bundesbank.
    33. Barraza, Santiago & Civelli, Andrea, 2020. "Economic policy uncertainty and the supply of business loans," Journal of Banking & Finance, Elsevier, vol. 121(C).
    34. Dzung Bui & Lena Dräger & Bernd Hayo & Giang Nghiem, 2021. "Consumer Sentiment during the Covid-19 Pandemic: The Role of Others' Beliefs," CESifo Working Paper Series 9010, CESifo.
    35. Joscha Beckmann & Robert L Czudaj & Georgios Kouretas, 2021. "Fiscal policy uncertainty and its effects on the real economy: German evidence," Oxford Economic Papers, Oxford University Press, vol. 73(4), pages 1516-1535.
    36. Tian, Can, 2011. "Technology choice and endogenous productivity dispersion over the business cycles," MPRA Paper 34480, University Library of Munich, Germany, revised 02 Nov 2011.
    37. Marfatia, Hardik A., 2015. "Monetary policy's time-varying impact on the US bond markets: Role of financial stress and risks," The North American Journal of Economics and Finance, Elsevier, vol. 34(C), pages 103-123.
    38. Sangyup Choi & Davide Furceri, 2018. "Uncertainty and Cross-Border Banking Flows," Working papers 2018rwp-125, Yonsei University, Yonsei Economics Research Institute.
    39. Bossler, Mario & Gürtzgen, Nicole & Börschlein, Erik-Benjamin, 2020. "Auswirkungen des gesetzlichen Mindestlohns auf Betriebe und Unternehmen," IAB-Forschungsbericht 202005, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    40. Kyle Jurado & Sydney C. Ludvigson & Serena Ng, 2015. "Measuring Uncertainty," American Economic Review, American Economic Association, vol. 105(3), pages 1177-1216, March.
    41. Wu, Ji & Yao, Yao & Chen, Minghua & Jeon, Bang Nam, 2020. "Economic uncertainty and bank risk: Evidence from emerging economies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 68(C).
    42. Oscar Claveria, 2019. "Forecasting the unemployment rate using the degree of agreement in consumer unemployment expectations," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 53(1), pages 1-10, December.
    43. Qazi Haque & Leandro M. Magnusson & Kazuki Tomioka, 2019. "Empirical evidence on the dynamics of investment under uncertainty in the U.S," Economics Discussion / Working Papers 19-18, The University of Western Australia, Department of Economics.
    44. Ekaterina Pirozhkova, 2017. "Banks' balance sheet, uncertainty and macroeconomy," EcoMod2017 10430, EcoMod.
    45. Balcilar, Mehmet & Demirer, Riza & Gupta, Rangan & van Eyden, Reneé, 2017. "The impact of US policy uncertainty on the monetary effectiveness in the Euro area," Journal of Policy Modeling, Elsevier, vol. 39(6), pages 1052-1064.
    46. Bonciani, Dario & Oh, Joonseok Jason, 2019. "The long-run effects of uncertainty shocks," Bank of England working papers 802, Bank of England.
    47. Laurent Ferrara & Pierre Guérin, 2018. "What are the macroeconomic effects of high-frequency uncertainty shocks?," Post-Print hal-02334586, HAL.
    48. Maria D. Tito, 2017. "Looking Inside the Magic 8 Ball : An Analysis of Sales Forecasts using Italian Firm-Level Data," Finance and Economics Discussion Series 2017-027, Board of Governors of the Federal Reserve System (U.S.).
    49. Efrem Castelnuovo, 2022. "Uncertainty Before and During COVID-19: A Survey," "Marco Fanno" Working Papers 0279, Dipartimento di Scienze Economiche "Marco Fanno".
    50. Luca Rossi, 2020. "Indicators of uncertainty: a brief user’s guide," Questioni di Economia e Finanza (Occasional Papers) 564, Bank of Italy, Economic Research and International Relations Area.
    51. Bonciani, Dario & Ricci, Martino, 2020. "The global effects of global risk and uncertainty," Bank of England working papers 863, Bank of England.
    52. Inekwe John Nkwoma, 2014. "Business Cycle Variability and Growth Linkage," Monash Economics Working Papers 38-14, Monash University, Department of Economics.
    53. Netésunajev, Aleksei & Glass, Katharina, 2016. "Uncertainty and employment dynamics in the euro area and the US," SFB 649 Discussion Papers 2016-002, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    54. Piergiorgio Alessandri & Haroon Mumtaz, 2014. "Financial regimes and uncertainty shocks," BCAM Working Papers 1404, Birkbeck Centre for Applied Macroeconomics.
    55. Stefano Giglio & Ian Dew-Becker & David Berger, 2017. "Uncertainty Shocks as Second-Moment News Shocks," 2017 Meeting Papers 403, Society for Economic Dynamics.
    56. Olli Palm'en, 2022. "Macroeconomic Effect of Uncertainty and Financial Shocks: a non-Gaussian VAR approach," Papers 2202.10834, arXiv.org.
    57. Athanasios Triantafyllou & Dimitrios Bakas & Marilou Ioakimidis, 2019. "Commodity Price Uncertainty as a Leading Indicator of Economic Activity," Working Paper series 19-03, Rimini Centre for Economic Analysis.
    58. Tarek A. Hassan & Stephan Hollander & Laurence van Lent & Ahmed Tahoun, 2017. "Firm-Level Political Risk: Measurement and Effects," NBER Working Papers 24029, National Bureau of Economic Research, Inc.
    59. Hashem Pesaran & Ambrogio Cesa-Bianchi & Alessandro Rebucci, 2014. "Uncertainty and Economic Activity: A Global Perspective," Cambridge Working Papers in Economics 1407, Faculty of Economics, University of Cambridge.
    60. Paolo Gambetti & Francesco Roccazzella & Frédéric Vrins, 2022. "Meta-Learning Approaches for Recovery Rate Prediction," Risks, MDPI, vol. 10(6), pages 1-29, June.
    61. Ana Beatriz Galvão & James Mitchell, 2019. "Measuring Data Uncertainty: An Application using the Bank of England's "Fan Charts" for Historical GDP Growth," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2019-08, Economic Statistics Centre of Excellence (ESCoE).
    62. Wensheng Kang & Ronald A. Ratti & Joaquin Vespignani, 2020. "Impact of global uncertainty on the global economy and large developed and developing economies," Applied Economics, Taylor & Francis Journals, vol. 52(22), pages 2392-2407, May.
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  22. Robert B. Barsky & Eric R. Sims, 2009. "News Shocks," NBER Working Papers 15312, National Bureau of Economic Research, Inc.

    Cited by:

    1. Mario Forni & Luca Sala & Luca Gambetti, 2015. "No News in Business Cycles," Working Papers 535, Barcelona School of Economics.
    2. Jinnai, Ryo, 2013. "News shocks and inflation," Economics Letters, Elsevier, vol. 119(2), pages 176-179.
    3. Bachmann, Rüdiger & Sims, Eric R., 2012. "Confidence and the transmission of government spending shocks," Journal of Monetary Economics, Elsevier, vol. 59(3), pages 235-249.
    4. Luisa Lambertini & Caterina Mendicino & Maria Teresa Punzi, 2012. "Expectations-Driven Cycles in the Housing Market," Discussion Papers 12/08, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    5. Matsumoto, Akito & Cova, Pietro & Pisani, Massimiliano & Rebucci, Alessandro, 2011. "News Shocks and Asset Price Volatility in General Equilibrium," IDB Publications (Working Papers) 3117, Inter-American Development Bank.
    6. Razzak, Weshah, 2013. "An Empirical Study of Sectoral-Level Capital Investments in New Zealand," MPRA Paper 52461, University Library of Munich, Germany.
    7. Christopher Otrok & Andre Kurmann, 2010. "News Shocks and the Slope of the Term Structure of Interest Rates," 2010 Meeting Papers 72, Society for Economic Dynamics.
    8. Lawrence J. Christiano & Cosmin Ilut & Roberto Motto & Massimo Rostagno, 2010. "Monetary policy and stock market booms," FRB Atlanta CQER Working Paper 2010-08, Federal Reserve Bank of Atlanta.
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    10. Berg, Tim Oliver, 2011. "Technology news and the U.S. economy: Time variation and structural changes," MPRA Paper 35361, University Library of Munich, Germany.
    11. Karnizova Lilia, 2012. "News Shocks, Productivity and the U.S. Investment Boom-Bust Cycle," The B.E. Journal of Macroeconomics, De Gruyter, vol. 12(1), pages 1-50, June.
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  23. Robert B. Barsky & Eric R. Sims, 2009. "Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence," NBER Working Papers 15049, National Bureau of Economic Research, Inc.

    Cited by:

    1. Yi-Chan Tsai, 2010. "News Shocks and Costly Technology Adoption," 2010 Meeting Papers 567, Society for Economic Dynamics.
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    3. Zuzana Rakovska & Dominika Ehrenbergerova & Martin Hodula, 2020. "The Power of Sentiment: Irrational Beliefs of Households and Consumer Loan Dynamics," Working Papers 2020/10, Czech National Bank.
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    9. Hilde C. Bjørnland & Roberto Casarin & Marco Lorusso & Francesco Ravazzolo, 2023. "Fiscal Policy Regimes in Resource-Rich Economies," Working Papers No 13/2023, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
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    243. Uddin, Gazi Salah & Bekiros, Stelios & Ahmed, Ali, 2018. "The nexus between geopolitical uncertainty and crude oil markets: An entropy-based wavelet analysis," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 495(C), pages 30-39.
    244. Eric Leeper & Todd Walker, 2011. "Information Flows and News Driven Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(1), pages 55-71, January.
    245. Lindblad, Annika, 2017. "Sentiment indicators and macroeconomic data as drivers for low-frequency stock market volatility," MPRA Paper 80266, University Library of Munich, Germany.
    246. Roman Horvath, 2012. "Do Confidence Indicators Help Predict Economic Activity? The Case of the Czech Republic," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 62(5), pages 398-412, November.
    247. Miyamoto, Wataru & Nguyen, Thuy Lan, 2020. "The expectational effects of news in business cycles: Evidence from forecast data," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 184-200.
    248. Harashima, Taiji, 2016. "The Cause of the Great Recession: What Caused the Downward Shift of the GDP Trend in the United States?," MPRA Paper 69215, University Library of Munich, Germany.
    249. Nadav Ben Zeev, 2019. "Is There A Single Shock That Drives The Majority Of Business Cycle Fluctuations?," Working Papers 1906, Ben-Gurion University of the Negev, Department of Economics.
    250. Mathieu Pedemonte, 2020. "Fireside Chats: Communication and Consumers’ Expectations in the Great Depression," Working Papers 20-30, Federal Reserve Bank of Cleveland.
    251. Eric French & Taylor Kelley & An Qi, 2013. "Expected income growth and the Great Recession," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 37(Q I), pages 14-29.
    252. Jean-Paul L’Huillier & Robert Waldmann & Donghoon Yoo, 2021. "What Is Consumer Confidence?," ISER Discussion Paper 1135r, Institute of Social and Economic Research, Osaka University, revised Dec 2022.
    253. Beomseok Seo & Younghwan Lee & Hyungbae Cho, 2024. "Measuring News Sentiment of Korea Using Transformer," Korean Economic Review, Korean Economic Association, vol. 40, pages 149-176.
    254. Kyle Jurado & Ryan Chahrour, 2018. "Recoverability," 2018 Meeting Papers 320, Society for Economic Dynamics.
    255. Fabio Fornari & Livio Stracca, 2012. "What does a financial shock do? First international evidence [Financial intermediaries, financial stability and monetary policy]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 27(71), pages 407-445.
    256. Maria Tereza Punzi, 2013. "Confidence and economic activity: the case of Portugal," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    257. Anthony Garratt & Kevin Lee & Kalvinder Shields, 2014. "Forecasting Global Recessions in a GVAR Model of Actual and Expected Output in the G7," Discussion Papers 2014/06, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    258. Maryam Movahedifar & Hossein Hassani & Masoud Yarmohammadi & Mahdi Kalantari & Rangan Gupta, 2021. "A robust approach for outlier imputation: Singular Spectrum Decomposition," Working Papers 202164, University of Pretoria, Department of Economics.
    259. Vincenzo Merella & Stephen E. Satchell, 2019. "Asset pricing with utility from external anticipation," Carlo Alberto Notebooks 589, Collegio Carlo Alberto.
    260. Saccal, Alessandro, 2021. "Confidence and economic activity in Europe," MPRA Paper 108812, University Library of Munich, Germany.
    261. Ricco, Giovanni, 2015. "A new identification of fiscal shocks based on the information flow," Working Paper Series 1813, European Central Bank.
    262. Geng Li & Nitish R. Sinha, 2023. "Are Real Assets Owners Less Averse to Inflation? Evidence from Consumer Sentiments and Inflation Expectations," Finance and Economics Discussion Series 2023-058, Board of Governors of the Federal Reserve System (U.S.).
    263. Filippo di Mauro & Filippo di Mauro, Fabio Fornari, 2014. "Going granular: The importance of firm-level equity information in anticipating economic activity," EcoMod2014 6809, EcoMod.
    264. Liao, Shian-Yu & Chen, Been-Lon, 2023. "News shocks to investment-specific technology in business cycles," European Economic Review, Elsevier, vol. 152(C).
    265. Ritwik Banerjee & Priyama Majumdar, 2023. "Exponential growth bias in the prediction of COVID‐19 spread and economic expectation," Economica, London School of Economics and Political Science, vol. 90(358), pages 653-689, April.
    266. Ahmed, Huson Joher Ali & Azad, A.S.M. Sohel & Poon, Wai Ching & Safiullah, Md, 2023. "Is there a CSI-leverage nexus?," International Review of Financial Analysis, Elsevier, vol. 89(C).
    267. Han, Zhao & Tan, Fei & Wu, Jieran, 2022. "Analytic policy function iteration," Journal of Economic Theory, Elsevier, vol. 200(C).
    268. Tran Thi Kim Oanh, 2024. "Fiscal and Monetary Policies Interaction in Crisis: An Insight Into Japan," SAGE Open, , vol. 14(1), pages 21582440241, February.
    269. Abildgren, Kim & Hansen, Niels Lynggård & Kuchler, Andreas, 2018. "Overoptimism and house price bubbles," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 1-14.
    270. Olivier Coibion & Yuriy Gorodnichenko & Mauricio Ulate, 2017. "Secular Stagnation: Policy Options and the Cyclical Sensitivity in Estimates of Potential Output," Working Papers 01/2017, National Bank of Ukraine.
    271. Bachmann, Rüdiger & Born, Benjamin & Elstner, Steffen & Grimme, Christian, 2013. "Time-varying business volatility, price setting, and the real effects of monetary policy," Working Papers 01/2013, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    272. Gabe de Bondt, 2017. "Confidence and monetary policy transmission," EcoMod2017 10197, EcoMod.
    273. Hassan F. Gholipour & Reza Tajaddini & Mohammad Reza Farzanegan, 2023. "Governments’ economic support for households during the COVID-19 pandemic and consumer confidence," Empirical Economics, Springer, vol. 65(3), pages 1253-1272, September.
    274. di Mauro, Filippo & Fornari, Fabio & Mannucci, Dario, 2011. "Stock market firm-level information and real economic activity," Working Paper Series 1366, European Central Bank.
    275. Elisabeth Beckmann & Isabella Moder, 2013. "Households’ Expectations and Macroeconomic Outcomes – Evidence from the Euro Survey," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 65-76.
    276. Dan Li & Geng Li, 2021. "Whose Disagreement Matters? Household Belief Dispersion and Stock Trading Volume [Belief dispersion in the stock market]," Review of Finance, European Finance Association, vol. 25(6), pages 1859-1900.
    277. Ambrocio, Gene, 2020. "Inflationary household uncertainty shocks," Bank of Finland Research Discussion Papers 5/2020, Bank of Finland.
    278. Claus, Edda & Nguyen, Viet Hoang, 2018. "Consumptor economicus: How do consumers form expectations on economic variables?," Journal of Economic Behavior & Organization, Elsevier, vol. 152(C), pages 254-275.
    279. Hummaira Jabeen, 2023. "US-Financial Conditions and Macro-economy of Emerging Markets," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(1), pages 51-63, March.
    280. Kang, Jihye & Kim, Soyoung, 2022. "Government spending news and surprise shocks: It’s the timing and persistence," Journal of Macroeconomics, Elsevier, vol. 73(C).
    281. Jonathan J Adams, 2020. "Moderating Macroeconomic Bubbles Under Dispersed Information," Working Papers 001005, University of Florida, Department of Economics.
    282. Dietrich, Alexander M. & Müller, Gernot J. & Schoenle, Raphael S., 2024. "Big news: Climate-disaster expectations and the business cycle," Journal of Economic Behavior & Organization, Elsevier, vol. 227(C).
    283. Nguyen, Viet Hoang & Claus, Edda, 2013. "Good news, bad news, consumer sentiment and consumption behavior," Journal of Economic Psychology, Elsevier, vol. 39(C), pages 426-438.
    284. Barsky, Robert B. & Sims, Eric R., 2011. "News shocks and business cycles," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 273-289.
    285. Ambrocio, Gene, 2021. "Euro area business confidence and Covid-19," Bank of Finland Research Discussion Papers 4/2021, Bank of Finland.
    286. Patella, Valeria & Tancioni, Massimiliano, 2021. "Confidence Swings and Sovereign Risk Dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 195-206.
    287. Ambrocio, Gene, 2020. "European household and business expectations during COVID-19: Towards a v-shaped recovery in confidence?," BoF Economics Review 6/2020, Bank of Finland.
    288. Simona Malovaná & Josef Bajzík & Dominika Ehrenbergerová & Jan Janků, 2023. "A prolonged period of low interest rates in Europe: Unintended consequences," Journal of Economic Surveys, Wiley Blackwell, vol. 37(2), pages 526-572, April.
    289. Martin Ademmer & Nils Jannsen, 2018. "Post-crisis business investment in the euro area and the role of monetary policy," Applied Economics, Taylor & Francis Journals, vol. 50(34-35), pages 3787-3797, July.
    290. Marta Lachowska & Wayne Vroman & Stephen A. Woodbury, 2020. "Experience Rating and the Dynamics of Financing Unemployment Insurance," National Tax Journal, National Tax Association;National Tax Journal, vol. 73(3), pages 673-698, September.
    291. Debes, Sebastian & Gareis, Johannes & Mayer, Eric & Rüth, Sebastian, 2014. "Towards a consumer sentiment channel of monetary policy," W.E.P. - Würzburg Economic Papers 91, University of Würzburg, Department of Economics.
    292. Marie‐Helene Gagnon & Celine Gimet, 2020. "Unconventional economic policies and sentiment: An international assessment," The World Economy, Wiley Blackwell, vol. 43(6), pages 1544-1591, June.
    293. Fei, S., 2011. "The confidence channel for the transmission of shocks," Working papers 314, Banque de France.
    294. Schnattinger, Philip, 2023. "Beliefs- and fundamentals-driven job creation," Bank of England working papers 1040, Bank of England.
    295. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo & Mumtaz, Haroon, 2017. "Revenue- versus spending-based fiscal consolidation announcements: follow-up, multipliers and confidence," CEPR Discussion Papers 12133, C.E.P.R. Discussion Papers.
    296. Carrera, César & Puch, Miguel, 2019. "Consumption dynamics and the expectation channel in a Small Open Economy," Working Papers 2019-008, Banco Central de Reserva del Perú.
    297. Chua, Chew Lian & Tsiaplias, Sarantis, 2024. "The influence of supermarket prices on consumer inflation expectations," Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 414-433.
    298. Zorio-Grima, Ana & Merello, Paloma, 2020. "Consumer confidence: Causality links with subjective and objective information sources," Technological Forecasting and Social Change, Elsevier, vol. 150(C).
    299. Gianni La Cava, 2021. "Smells Like Animal Spirits: The Effect of Corporate Sentiment on Investment," RBA Research Discussion Papers rdp2021-11, Reserve Bank of Australia.
    300. Mario Forni & Luca Gambetti & Luca Sala, 2018. "Fundamentalness, Granger Causality and Aggregation," Center for Economic Research (RECent) 139, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
    301. Große Steffen, Christoph, 2015. "Uncertainty shocks and non-fundamental debt crises: An ambiguity approach," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112936, Verein für Socialpolitik / German Economic Association.
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    306. Ma, Xiaohan & Samaniego, Roberto, 2022. "Business cycle dynamics when neutral and investment-specific technology shocks are imperfectly observable," Journal of Mathematical Economics, Elsevier, vol. 101(C).
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Articles

  1. Christiane Baumeister & Danilo Leiva-León & Eric Sims, 2024. "Tracking Weekly State-Level Economic Conditions," The Review of Economics and Statistics, MIT Press, vol. 106(2), pages 483-504, March.
    See citations under working paper version above.
  2. Cardamone, Dario & Sims, Eric & Wu, Jing Cynthia, 2023. "Wall Street QE vs. Main Street Lending," European Economic Review, Elsevier, vol. 156(C).

    Cited by:

    1. Zhang, Zheng & Wang, Wenxue & Song, Ciji, 2024. "Quantitative easing and bank risk-taking: Evidence from the federal reserve's large-scale asset purchases," Finance Research Letters, Elsevier, vol. 67(PA).
    2. von Campe, Roland, 2024. "Unconventional monetary policy, financial frictions, and the equity tandem," Journal of Macroeconomics, Elsevier, vol. 79(C).
    3. Mendicino, Caterina, 2024. "Wall street QE vs. main street lending: A comment," European Economic Review, Elsevier, vol. 161(C).

  3. Eric Sims & Jing Cynthia Wu & Ji Zhang, 2023. "The Four-Equation New Keynesian Model," The Review of Economics and Statistics, MIT Press, vol. 105(4), pages 931-947, July.
    See citations under working paper version above.
  4. André Kurmann & Eric Sims, 2021. "Revisions in Utilization-Adjusted TFP and Robust Identification of News Shocks," The Review of Economics and Statistics, MIT Press, vol. 103(2), pages 216-235, May.
    See citations under working paper version above.
  5. Sims, Eric & Wu, Jing Cynthia, 2021. "Evaluating Central Banks’ tool kit: Past, present, and future," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 135-160.
    See citations under working paper version above.
  6. Eric Sims & Cynthia Wu, 2020. "Are QE and Conventional Monetary Policy Substitutable?," International Journal of Central Banking, International Journal of Central Banking, vol. 16(1), pages 195-230, February.

    Cited by:

    1. Bonciani, Dario & Oh, Joonseok, 2021. "Revisiting the New Keynesian policy paradoxes under QE," Bank of England working papers 908, Bank of England.
    2. Caballero, Ricardo & Simsek, Alp, 2022. "Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect," CEPR Discussion Papers 15163, C.E.P.R. Discussion Papers.
    3. Altavilla, Carlo & Gürkaynak, Refet & Quaedvlieg, Rogier, 2024. "Macro and Micro of External Finance Premium and Monetary Policy Transmission," CEPR Discussion Papers 19044, C.E.P.R. Discussion Papers.
    4. Darracq Pariès, Matthieu & Kok, Christoffer & Rottner, Matthias, 2020. "Reversal interest rate and macroprudential policy," Working Paper Series 2487, European Central Bank.
    5. Gregor Boehl & Gavin Goy & Felix Strobel, 2020. "A Structural Investigation of Quantitative Easing," CRC TR 224 Discussion Paper Series crctr224_2020_193, University of Bonn and University of Mannheim, Germany.
    6. Dimakopoulou, Vasiliki & Economides, George & Philippopoulos, Apostolis & Vassilatos, Vanghelis, 2024. "Can central banks do the unpleasant job that governments should do?," European Economic Review, Elsevier, vol. 165(C).
    7. Gr gory Levieuge & Jean-Guillaume Sahuc, 2021. "Downward Interest Rate Rigidity," Working papers 828, Banque de France.
    8. Michael T. Kiley, 2020. "Pandemic Recession Dynamics: The Role of Monetary Policy in Shifting a U-Shaped Recession to a V-Shaped Rebound," Finance and Economics Discussion Series 2020-083, Board of Governors of the Federal Reserve System (U.S.).
    9. Callum Jones & Mariano Kulish & James Morley, 2022. "A Structural Measure of the Shadow Federal Funds Rate," Working Papers 170, Red Nacional de Investigadores en Economía (RedNIE).
    10. Dora Xia & Jing Cynthia Wu, 2018. "The negative interest rate policy and the yield curve," BIS Working Papers 703, Bank for International Settlements.
    11. Dimitris Malliaropulos & Petros Migiakis, 2022. "A global monetary policy factor in sovereign bond yields," Working Papers 301, Bank of Greece.
    12. von Campe, Roland, 2024. "Unconventional monetary policy, financial frictions, and the equity tandem," Journal of Macroeconomics, Elsevier, vol. 79(C).
    13. Jean-Guillaume Sahuc & Grégory Levieuge & José Garcia-Revelo, 2024. "Revisiting 15 Years of Unusual Transatlantic Monetary Policies," EconomiX Working Papers 2024-13, University of Paris Nanterre, EconomiX.
    14. Vasiliki Dimakopoulou & George Economides & Apostolis Philippopoulos, 2024. "Repayment of EU Bailout Loans in a Member-Country of the ES: The Case of Greece," CESifo Working Paper Series 11519, CESifo.
    15. Jorge Fornero & Markus Kirchner & Carlos Molina, 2021. "Estimating Shadow Policy Rates in a Small Open Economy and the Role of Foreign Factors," Working Papers Central Bank of Chile 915, Central Bank of Chile.
    16. Cardamone, Dario & Sims, Eric & Wu, Jing Cynthia, 2023. "Wall Street QE vs. Main Street Lending," European Economic Review, Elsevier, vol. 156(C).
    17. Rodriguez-Rodriguez, F.J. & Hierro, L.A. & Garzon, A.J., 2024. "Fed and ECB reaction functions during quantitative easing: Three phases of monetary policy, both conventional and unconventional," Journal of Policy Modeling, Elsevier, vol. 46(5), pages 928-945.
    18. An, Sungbae & Kim, Hyosang & Kim, Seung-Hyun & Yang, Da Young & Lee, Jinhee & Cho, Ko Un & Kim, Wongi & Kim, Jinill, 2021. "포스트 코로나 시대 주요국의 통화·재정정책 방향과 시사점(hanges, Challenges and Implications of Fiscal and Monetary Policy Directions in the Post Pandemic Era)," Policy Analyses 21-15, Korea Institute for International Economic Policy.
    19. Bonciani, Dario & Oh, Joonseok, 2021. "Optimal monetary policy mix at the zero lower bound," Bank of England working papers 945, Bank of England.
    20. Hohberger, Stefan & Ratto, Marco & Vogel, Lukas, 2023. "The macroeconomic effects of unconventional monetary policy: Comparing euro area and US models with shadow rates," Economic Modelling, Elsevier, vol. 127(C).
    21. Aymeric Ortmans, 2020. "Evolving Monetary Policy in the Aftermath of the Great Recession," Documents de recherche 20-01, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.
    22. Chattopadhyay, Siddhartha, 2020. "Forward guidance and quantitative easing at the Zero Lower Bound," Economics Letters, Elsevier, vol. 197(C).
    23. Andrejs Zlobins, 2021. "On the Time-varying Effects of the ECB's Asset Purchases," Working Papers 2021/02, Latvijas Banka.
    24. Anna Bartocci & Alessandro Notarpietro & Massimiliano Pisani, 2024. "The macroeconomic effects of reducing a central bank monetary policy portfolio: a model-based evaluation," Temi di discussione (Economic working papers) 1472, Bank of Italy, Economic Research and International Relations Area.
    25. Sims, Eric & Wu, Jing Cynthia, 2021. "Evaluating Central Banks’ tool kit: Past, present, and future," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 135-160.
    26. Alexandre Carrier & Kostas Mavromatis, 2024. "Optimal normalization policy under behavioral expectations," Working Papers 800, DNB.
    27. Harrison, Richard, 2024. "Optimal quantitative easing and tightening," Bank of England working papers 1063, Bank of England.

  7. Garín, Julio & Lester, Robert & Sims, Eric & Wolff, Jonathan, 2019. "Without looking closer, it may seem cheap: Low interest rates and government borrowing," Economics Letters, Elsevier, vol. 180(C), pages 28-32.

    Cited by:

    1. Matsue, Toyoki, 2020. "The impact of short-term employment contracts on employment volatility and economic fluctuations," MPRA Paper 102731, University Library of Munich, Germany.
    2. Paolo Mauro & Jing Zhou, 2021. "$$r-g," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(1), pages 197-229, March.
    3. Moreno Badia, Marialuz & Medas, Paulo & Gupta, Pranav & Xiang, Yuan, 2022. "Debt is not free," Journal of International Money and Finance, Elsevier, vol. 127(C).
    4. Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Truger, Achim & Wieland, Volker, 2019. "Den Strukturwandel meistern. Jahresgutachten 2019/20 [Dealing with Structural Change. Annual Report 2019/20]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201920, September.

  8. Julio Garín & Robert Lester & Eric Sims, 2019. "Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data," The Review of Economics and Statistics, MIT Press, vol. 101(1), pages 160-175, March.
    See citations under working paper version above.
  9. Phaneuf, Louis & Sims, Eric & Victor, Jean Gardy, 2018. "Inflation, output and markup dynamics with purely forward-looking wage and price setters," European Economic Review, Elsevier, vol. 105(C), pages 115-134.

    Cited by:

    1. Joshua Brault & Hashmat Khan & Louis Phaneuf & Jean Gardy Victor, 2021. "Did the Fed Remain at the ZLB Long Enough? Lessons from the 2008-2019 Period," Working Papers 21-09, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    2. Joshua Brault & Hashmat Khan & Louis Phaneuf & Jean Gardy Victor, 2020. "Is Unconventional Monetary Policy Stabilizing? Evidence From the Great Recession and Recovery Years," Working Papers 20-15, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    3. Takushi Kurozumi & Willem Van Zandweghe, 2023. "A Theory of Intrinsic Inflation Persistence," Bank of Japan Working Paper Series 23-E-3, Bank of Japan.
    4. Cristiano Cantore & Filippo Ferroni & Miguel A. Leon-Ledesma, 2018. "The Missing Link: Monetary policy and the labor share," Discussion Papers 1829, Centre for Macroeconomics (CFM).
    5. Hashmat Khan & Louis Phaneuf & Jean Gardy Victor, 2018. "Rules-Based Monetary Policy and the Threat of Indeterminacy When Trend Inflation is Low," Carleton Economic Papers 18-08, Carleton University, Department of Economics, revised 08 Mar 2019.
    6. Qureshi, Irfan A. & Ahmad, Ghufran, 2021. "The cost-channel of monetary transmission under positive trend inflation," Economics Letters, Elsevier, vol. 201(C).
    7. Hashmat Khan & Louis Phaneuf & Jean-Gardy Victor, 2020. "A Tale of Two Major Postwar Business Cycle Episodes," Carleton Economic Papers 20-03, Carleton University, Department of Economics, revised 20 Apr 2020.
    8. Inês da Cunha Cabral & João Nicolau, 2022. "Inflation in the G7 and the expected time to reach the reference rate: A nonparametric approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 1608-1620, April.
    9. Guido Ascari & Louis Phaneuf & Eric Sims, 2015. "On the Welfare and Cyclical Implications of Moderate Trend Inflation," Economics Series Working Papers 763, University of Oxford, Department of Economics.
    10. Zheng, Zhijie & Hu, Ruiyang & Yang, Yibai, 2021. "Inflation, endogenous quality increment, and economic growth," MPRA Paper 106989, University Library of Munich, Germany.
    11. Tenreyro, Silvana & Drechsel, Thomas & McLeay, Michael, 2019. "Monetary policy for commodity booms and busts," CEPR Discussion Papers 14030, C.E.P.R. Discussion Papers.
    12. Hu, Ruiyang & Yang, Yibai & Zheng, Zhijie, 2021. "Inflation, endogenous quality increment, and economic growth," Mathematical Social Sciences, Elsevier, vol. 114(C), pages 72-86.
    13. Consolo, Agostino & Foroni, Claudia & Martínez Hernández, Catalina, 2021. "A mixed frequency BVAR for the euro area labour market," Working Paper Series 2601, European Central Bank.

  10. Eric Sims & Jonathan Wolff, 2018. "The Output And Welfare Effects Of Government Spending Shocks Over The Business Cycle," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 59(3), pages 1403-1435, August.
    See citations under working paper version above.
  11. Julio Garín & Robert Lester & Eric Sims, 2018. "Raise Rates to Raise Inflation? Neo‐Fisherianism in the New Keynesian Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(1), pages 243-259, February.
    See citations under working paper version above.
  12. Ascari, Guido & Phaneuf, Louis & Sims, Eric R., 2018. "On the welfare and cyclical implications of moderate trend inflation," Journal of Monetary Economics, Elsevier, vol. 99(C), pages 56-71.
    See citations under working paper version above.
  13. Julio Garin & Michael J. Pries & Eric R. Sims, 2018. "The Relative Importance of Aggregate and Sectoral Shocks and the Changing Nature of Economic Fluctuations," American Economic Journal: Macroeconomics, American Economic Association, vol. 10(1), pages 119-148, January.

    Cited by:

    1. Maarten Dossche & Andrea Gavazzi & Vivien Lewis, 2021. "Online Appendix to "Labor Adjustment and Productivity in the OECD"," Online Appendices 20-216, Review of Economic Dynamics.
    2. Molnárová, Zuzana & Reiter, Michael, 2022. "Technology, demand, and productivity: What an industry model tells us about business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 134(C).
    3. Ahmad Reshad Osmani & Albert Okunade, 2021. "A Double-Hurdle Model of Healthcare Expenditures across Income Quintiles and Family Size: New Insights from a Household Survey," JRFM, MDPI, vol. 14(6), pages 1-21, May.
    4. Simona E. Cociuba & James C. MacGee, 2018. "Demographics and Sectoral Reallocations: A Search Theory with Immobile Workers," University of Western Ontario, Departmental Research Report Series 20182, University of Western Ontario, Department of Economics.
    5. Joshua Brault & Hashmat Khan, 2018. "The Shifts in Lead-Lag Properties of the US Business Cycle," Carleton Economic Papers 18-03, Carleton University, Department of Economics, revised 01 Mar 2019.
    6. Thijs van Rens & Jordi Galí, 2015. "The Vanishing Procyclicality of Labor Productivity," Working Papers 489, Barcelona School of Economics.
    7. Christian vom Lehn & Thomas Winberry, 2019. "The Investment Network, Sectoral Comovement, and the Changing U.S. Business Cycle," NBER Working Papers 26507, National Bureau of Economic Research, Inc.
    8. Sébastien Bock & Idriss Fontaine, 2020. "Routine-Biased Technological Change and Hours Worked over the Business Cycle," PSE Working Papers halshs-02982145, HAL.
    9. Mitra, Aruni, 2021. "The Productivity Puzzle and the Decline of Unions," MPRA Paper 110102, University Library of Munich, Germany.
    10. Zuzana Molnarova, 2020. "Industry evidence and the vanishing cyclicality of labor productivity," Vienna Economics Papers vie2001, University of Vienna, Department of Economics.
    11. Luisito BERTINELLI & Olivier CARDI & Romain RESTOUT, 2021. "Labor Market Effects Of Technology Shocks Biased Toward The Traded Sector," Working Papers of BETA 2021-09, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    12. Amy Y. Guisinger & Michael T. Owyang & Daniel Soques, 2020. "Industrial Connectedness and Business Cycle Comovements," Working Papers 2020-052, Federal Reserve Bank of St. Louis, revised 04 Aug 2021.
    13. Christoph Görtz & Christopher Gunn & Thomas A. Lubik, 2024. "The Changing Nature of Technology Shocks," CESifo Working Paper Series 11385, CESifo.
    14. Kim, Jongsoo & Kim, Kwang Hwan & Shim, Myungkyu, 2023. "Are all economic fluctuations bad for consumers?," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    15. Miyamoto, Wataru & Nguyen, Thuy Lan, 2024. "International input–output linkages and changing business cycle volatility," Journal of International Economics, Elsevier, vol. 147(C).
    16. Pusateri, Nic, 2023. "Human capital heterogeneity of the unemployed and jobless recoveries," Journal of Macroeconomics, Elsevier, vol. 76(C).
    17. Paker, Meredith M., 2023. "The jobless recovery after the 1980–1981 British recession," Explorations in Economic History, Elsevier, vol. 90(C).
    18. Dossche, Maarten & Gazzani, Andrea & Lewis, Vivien, 2021. "Labor adjustment and productivity in the OECD," Discussion Papers 22/2021, Deutsche Bundesbank.
    19. Kristina Barauskaite & Anh D.M. Nguyen, 2019. "Intersectoral Network-Based Channel of Aggregate TFP Shocks," Bank of Lithuania Working Paper Series 63, Bank of Lithuania.
    20. Neill, Jon R., 2022. "The impact of sectoral shocks on an efficiency wage equilibrium," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 589-595.
    21. Pavlov, Oscar & Weder, Mark, 2021. "Endogenous product scope: Market interlacing and aggregate business cycle dynamics," Working Papers 2021-01, University of Tasmania, Tasmanian School of Business and Economics.
    22. Jozef Barunik & Mattia Bevilacqua & Robert Faff, 2021. "Dynamic industry uncertainty networks and the business cycle," Papers 2101.06957, arXiv.org, revised Mar 2021.
    23. Brault, Joshua & Khan, Hashmat, 2024. "Large firms and the cyclicality of US labour productivity," Journal of Macroeconomics, Elsevier, vol. 82(C).
    24. Meredith M. Paker, 2020. "The Jobless Recovery After the 1980-1981 UK Recession," Oxford Economic and Social History Working Papers _182, University of Oxford, Department of Economics.
    25. Marco Stamegna, 2024. "Induced innovation, the distributive cycle, and the changing pattern of labour productivity cyclicality: an SVAR analysis for the US economy," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(3), pages 881-929, October.
    26. Miyamoto, Wataru & Nguyen, Thuy Lan, 2019. "International Linkages and the Changing Nature of International Business Cycles," CEI Working Paper Series 2018-16, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    27. Joshua Brault & Hashmat Khan, 2021. "Large Firms and the Cyclicality of US Labour Productivity," Carleton Economic Papers 21-02, Carleton University, Department of Economics, revised 27 May 2021.
    28. Ma, Xiaohan & Samaniego, Roberto, 2019. "Deconstructing uncertainty," European Economic Review, Elsevier, vol. 119(C), pages 22-41.
    29. Wang, Xiaoyu & Sun, Yanlin & Peng, Bin, 2023. "Industrial linkage and clustered regional business cycles in China," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 59-72.
    30. Leythienne, Jean Fernand, 2024. "Is euro area at full employment ? — A diagnosis from the Beveridge curve," Economic Analysis and Policy, Elsevier, vol. 81(C), pages 322-340.
    31. Stamegna, Marco, 2022. "Induced innovation, the distributive cycle, and the changing pattern of labour productivity cyclicality: a SVAR analysis for the US economy," MPRA Paper 113855, University Library of Munich, Germany.
    32. R.M.N.N. Senavirathna & R.M.N.S. Senavirathna, 2023. "Healthcare Expenditures Across Household Headship and Expenditure Quintiles: Insights From a Household Survey," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(3), pages 117-131, March.
    33. Barauskaite, Kristina & Nguyen, Anh D.M., 2021. "Global intersectoral production network and aggregate fluctuations," Economic Modelling, Elsevier, vol. 102(C).

  14. Sims, Eric & Wolff, Jonathan, 2018. "The state-dependent effects of tax shocks," European Economic Review, Elsevier, vol. 107(C), pages 57-85.

    Cited by:

    1. Pål Boug & Thomas von Brasch & Ådne Cappelen & Roger Hammersland & Håvard Hungnes & Dag Kolsrud & Julia Skretting & Birger Strøm & Trond C. Vigtel, 2022. "Fiscal policy, macroeconomic performance and industry structure in a small open economy," Discussion Papers 984, Statistics Norway, Research Department.
    2. K. Peren Arin & Emin Gahramanov & Tolga Omay & Mehmet A. Ulubasoglu, 2019. "A tale of two taxes: State-dependency of tax policy," CAMA Working Papers 2019-68, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    3. Kamalyan, Hayk, 2021. "The State-Dependent Effects of Monetary Policy," MPRA Paper 107489, University Library of Munich, Germany.
    4. Han, Zhao, 2021. "Low-frequency fiscal uncertainty," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 639-657.
    5. U. Devrim Demirel, 2020. "Labor Market Effects of Tax Changes in Times of High and Low Unemployment: Working Paper 2020-05," Working Papers 56522, Congressional Budget Office.
    6. Thierry Betti & Thomas Coudert, 2022. "How harmful are cuts in public employment and wage in times of high unemployment?," Post-Print hal-03982745, HAL.
    7. Efrem Castelnuovo & Guay Lim, 2019. "What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 52(1), pages 78-93, March.
    8. Fotiou, Alexandra & Shen, Wenyi & Yang, Shu-Chun S., 2020. "The fiscal state-dependent effects of capital income tax cuts," Journal of Economic Dynamics and Control, Elsevier, vol. 117(C).
    9. Occhino, Filippo, 2023. "The macroeconomic effects of business tax cuts with debt financing and accelerated depreciation," Economic Modelling, Elsevier, vol. 125(C).
    10. Christofzik, Désirée I. & Fuest, Angela & Jessen, Robin, 2020. "Macroeconomic effects of the anticipation and implementation of tax changes in Germany: Evidence from a narrative account," Ruhr Economic Papers 852, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    11. Valerie A. Ramey, 2019. "Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," Journal of Economic Perspectives, American Economic Association, vol. 33(2), pages 89-114, Spring.
    12. Fleischhacker, Jan, 2024. "Fiscal policy and the business cycle: An argument for non-linear policy rules," MPRA Paper 122497, University Library of Munich, Germany.
    13. Marius Clemens & Werner Röger, 2021. "Temporary VAT Reduction during the Lockdown," Discussion Papers of DIW Berlin 1944, DIW Berlin, German Institute for Economic Research.
    14. Kenc, Turalay & Cevik, Emrah Ismail, 2024. "Global corporate tax policy space," Economic Systems, Elsevier, vol. 48(2).
    15. Amelie Barbier-Gauchard & Thierry Betti & Theo Metz, 2023. "Fiscal multipliers, public debt anchor and government credibility in a behavioural macroeconomic model," Working Papers 2023.10, International Network for Economic Research - INFER.
    16. Mishel Ghassibe & Francesco Zanetti, 2021. "State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters," Economics Series Working Papers 930, University of Oxford, Department of Economics.
    17. Dennis Bonam & Paul Konietschke, 2020. "Tax multipliers across the business cycle," Working Papers 699, DNB.
    18. Fotiou, Alexandra, 2022. "Non-linearities in fiscal policy: The role of debt," European Economic Review, Elsevier, vol. 150(C).
    19. Ohad Raveh, 2016. "Monetary Policy, Fisal Federalism, and Capital Intensity," OxCarre Working Papers 181, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    20. Bossie, Andrew, 2020. "The asymmetric response of the economy to tax changes before and after 1980," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
    21. Choi, Sangyup & Shin, Junhyeok, 2023. "Household indebtedness and the macroeconomic effects of tax changes," Journal of Economic Behavior & Organization, Elsevier, vol. 209(C), pages 22-52.
    22. K. Peren Arin & Kevin Devereux & Mieszko Mazur, 2021. "Taxes and Firm Investment," Working Papers 202102, School of Economics, University College Dublin.
    23. Anh D.M.Nguyen & Luisanna Onnis & Raffaele Rossi, 2016. "The Macroeconomic Effects of Income and Consumption Tax Changes," Centre for Growth and Business Cycle Research Discussion Paper Series 227, Economics, The University of Manchester.
    24. Angela Köppl & Margit Schratzenstaller, 2022. "Macroeconomic Effects of Green Recovery Programmes. Conceptual Framing and a Review of the Empirical Literature," WIFO Working Papers 646, WIFO.
    25. Demirel, Ufuk Devrim, 2021. "The short-term effects of tax changes: The role of state dependence," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 918-934.
    26. James Malley & Apostolis Philippopoulos & Jim Malley, 2022. "The Macroeconomic Effects of Funding U.S. Infrastructure," CESifo Working Paper Series 9530, CESifo.
    27. Biolsi, Christopher, 2017. "Nonlinear effects of fiscal policy over the business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 78(C), pages 54-87.
    28. Jerow, Sam & Wolff, Jonathan, 2022. "Fiscal policy and uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
    29. Marius Clemens & Werner Röger, 2022. "Durable Consumption, Limited VAT Pass-Through and Stabilization Effects of Temporary VAT Changes," Discussion Papers of DIW Berlin 2004, DIW Berlin, German Institute for Economic Research.
    30. Clemens, Marius & Röger, Werner, 2021. "Temporary VAT Reduction during the Lockdown - Evidence from Germany," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242459, Verein für Socialpolitik / German Economic Association.
    31. Aursland, Thor Andreas & Frankovic, Ivan & Kanik, Birol & Saxegaard, Magnus, 2020. "State-dependent fiscal multipliers in NORA - A DSGE model for fiscal policy analysis in Norway," Economic Modelling, Elsevier, vol. 93(C), pages 321-353.
    32. Anthony M. Diercks & William Waller, 2017. "Taxes and the Fed : Theory and Evidence from Equities," Finance and Economics Discussion Series 2017-104, Board of Governors of the Federal Reserve System (U.S.).
    33. Kamalyan, Hayk, 2021. "Phase-Dependent Monetary and Fiscal Policy," MPRA Paper 110341, University Library of Munich, Germany.

  15. Sims, Eric & Wolff, Jonathan, 2017. "State-dependent fiscal multipliers: Calvo vs. Rotemberg," Economics Letters, Elsevier, vol. 159(C), pages 190-194.

    Cited by:

    1. Sims, Eric & Wolff, Jonathan, 2018. "The state-dependent effects of tax shocks," European Economic Review, Elsevier, vol. 107(C), pages 57-85.
    2. Diego A. Comin & Robert C. Johnson & Callum J. Jones, 2023. "Supply Chain Constraints and Inflation," NBER Working Papers 31179, National Bureau of Economic Research, Inc.
    3. James Malley & Apostolis Philippopoulos & Jim Malley, 2022. "The Macroeconomic Effects of Funding U.S. Infrastructure," CESifo Working Paper Series 9530, CESifo.
    4. Joonseok Oh, 2020. "The Propagation Of Uncertainty Shocks: Rotemberg Versus Calvo," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(3), pages 1097-1113, August.
    5. OH, Joonseok, 2019. "The propagation of uncertainty shocks : Rotemberg vs. Calvo," Economics Working Papers ECO 2019/01, European University Institute.
    6. Kamalyan, Hayk, 2021. "The State-Dependent Effects of Monetary Policy: Calvo versus Rotemberg," MPRA Paper 107490, University Library of Munich, Germany.

  16. Sims, Eric, 2016. "What׳s news in News? A cautionary note on using a variance decomposition to assess the quantitative importance of news shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 73(C), pages 41-60.

    Cited by:

    1. Ryan Chahrour & Kyle Jurado, 2016. "News or Noise? The Missing Link," Boston College Working Papers in Economics 917, Boston College Department of Economics, revised 02 Nov 2017.
    2. Danilo Cascaldi-Garcia & Marija Vukotić, 2020. "Patent-Based News Shocks," International Finance Discussion Papers 1277, Board of Governors of the Federal Reserve System (U.S.).
    3. Yasuo Hirose & Takushi Kurozumi, 2012. "Identifying News Shocks with Forecast Data," CAMA Working Papers 2012-01, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    4. Christoffel, Kai & de Groot, Oliver & Mazelis, Falk & Montes-Galdón, Carlos, 2020. "Using forecast-augmented VAR evidence to dampen the forward guidance puzzle," Working Paper Series 2495, European Central Bank.
    5. Christopher M. Gunn & Alok Johri & Marc-André Letendre, 2019. "Charge-offs, Defaults and U.S. Business Cycles," Carleton Economic Papers 19-04, Carleton University, Department of Economics.
    6. Miyamoto, Wataru & Nguyen, Thuy Lan, 2020. "The expectational effects of news in business cycles: Evidence from forecast data," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 184-200.
    7. Liao, Shian-Yu & Chen, Been-Lon, 2023. "News shocks to investment-specific technology in business cycles," European Economic Review, Elsevier, vol. 152(C).
    8. Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2020. "News and why it is not shocking: The role of micro-foundations," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 66(C).

  17. Garín, Julio & Lester, Robert & Sims, Eric, 2016. "On the desirability of nominal GDP targeting," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 21-44.
    See citations under working paper version above.
  18. Rüdiger Bachmann & Tim O. Berg & Eric R. Sims, 2015. "Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence," American Economic Journal: Economic Policy, American Economic Association, vol. 7(1), pages 1-35, February.
    See citations under working paper version above.
  19. Lester, Robert & Pries, Michael & Sims, Eric, 2014. "Volatility and welfare," Journal of Economic Dynamics and Control, Elsevier, vol. 38(C), pages 17-36.

    Cited by:

    1. Patrick Fève & Pablo Garcia Sanchez & Alban Moura & Olivier Pierrard, 2019. "Costly Default And Asymmetric Real Business Cycles," LIDAM Discussion Papers IRES 2019018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    2. Euiyoung Jung, 2021. "On the design of labor market programs as stabilization policies," PSE Working Papers halshs-03243698, HAL.
    3. Jeong, Jaehun & Shim, Myungkyu, 2022. "On the welfare cost of business cycles: The role of labor-market heterogeneity," Journal of Macroeconomics, Elsevier, vol. 73(C).
    4. Fève, Patrick & Moura, Alban & Pierrard, Olivier, 2018. "Predetermined interest rates in an analytical RBC model," Economics Letters, Elsevier, vol. 172(C), pages 12-15.
    5. Eunseong Ma & Daeha Cho, 2022. "The Heterogeneous Welfare Effects of Business Cycles," Working papers 2022rwp-204, Yonsei University, Yonsei Economics Research Institute.
    6. Annicchiarico, Barbara & Carli, Marco & Diluiso, Francesca, 2023. "Climate policies, macroprudential regulation, and the welfare cost of business cycles," Bank of England working papers 1036, Bank of England.
    7. Xu, Shaofeng, 2017. "Volatility risk and economic welfare," Journal of Economic Dynamics and Control, Elsevier, vol. 80(C), pages 17-33.
    8. Jolan Mohimont, 2019. "Welfare effects of business cycles and monetary policies in a small open emerging economy," Working Paper Research 376, National Bank of Belgium.
    9. Kim, Minseung & Shim, Myungkyu, 2020. "Variable Effort, Business Cycles, and Economic Welfare," Economics Letters, Elsevier, vol. 196(C).
    10. Gete, Pedro & Melkadze, Givi, 2018. "Aggregate volatility and international dynamics. The role of credit supply," Journal of International Economics, Elsevier, vol. 111(C), pages 143-158.
    11. Chan, Ying Tung & Ji, Qiang & Zhang, Dayong, 2024. "Optimal monetary policy responses to carbon and green bubbles:A two-sector DSGE analysis," Energy Economics, Elsevier, vol. 130(C).
    12. Jensen, Henrik & Ravn, Søren Hove & Santoro, Emiliano, 2019. "Kinks and Gains from Credit Cycles," CEPR Discussion Papers 13795, C.E.P.R. Discussion Papers.
    13. Tsuboi, Mizuki, 2019. "Resource scarcity, technological progress, and stochastic growth," Economic Modelling, Elsevier, vol. 81(C), pages 73-88.
    14. Kim, Jongsoo & Kim, Kwang Hwan & Shim, Myungkyu, 2023. "Are all economic fluctuations bad for consumers?," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    15. Li, Qian & Shim, Myungkyu & Wen, Yongheng, 2017. "The implication of subsistence consumption for economic welfare," Economics Letters, Elsevier, vol. 158(C), pages 30-33.
    16. Jia, Pengfei, 2021. "Optimal Monetary Policy in a Small Open Economy with Non-tradable Goods," MPRA Paper 110805, University Library of Munich, Germany.
    17. Euiyoung Jung, 2021. "On the design of labor market programs as stabilization policies," Working Papers halshs-03243698, HAL.
    18. Merlin, Giovanni Tondin, 2018. "Entrepreneurship, financial frictions and the welfare gains of business cycles," Textos para discussão 484, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    19. Barros, Fernando & Couto, Gabriel T. & Gomes, Fábio A.R., 2023. "On the welfare costs of business cycles: Beyond nondurable goods," Journal of Macroeconomics, Elsevier, vol. 78(C).
    20. Le Thanh Ha & To Trung Thanh & Doan Ngoc Thang, 2021. "Welfare costs of monetary policy uncertainty in the economy with shifting trend inflation," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(1), pages 126-154, February.
    21. Chan, Ying Tung, 2020. "Are macroeconomic policies better in curbing air pollution than environmental policies? A DSGE approach with carbon-dependent fiscal and monetary policies," Energy Policy, Elsevier, vol. 141(C).
    22. Alexander Richter & Nathaniel Throckmorton, 2018. "A New Way to Quantify the Effect of Uncertainty," 2018 Meeting Papers 565, Society for Economic Dynamics.
    23. Meradj Morteza Pouraghdam, 2016. "Three essays on the role of frictions in the economy [Trois essais sur le rôle du désaccord en économie]," SciencePo Working papers Main tel-03498781, HAL.
    24. Strehl, Wolfgang, 2019. "Revisiting the progressive consumption tax: A business cycle perspective," Discussion Papers 2019/13, Free University Berlin, School of Business & Economics.
    25. Yazid Dissou & Lilia Karnizova, 2012. "Emissions Cap or Emissions Tax? A Multi-sector Business Cycle Analysis," Working Papers 1210E, University of Ottawa, Department of Economics.
    26. Euiyoung Jung & Chul-In Lee, 2024. "Optimal fiscal policy under finite planning horizons," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(6), pages 1550-1583, December.
    27. Nlemfu Mukoko, Jean Blaise, 2016. "On the Welfare Costs of Monetary Policy," MPRA Paper 72479, University Library of Munich, Germany, revised Jul 2016.
    28. François Gourio & Anil K. Kashyap & Jae W. Sim, 2017. "The Tradeoffs in Leaning Against the Wind," Working Paper Series WP-2017-21, Federal Reserve Bank of Chicago.
    29. Keating, John W. & Smith, A. Lee, 2019. "The optimal monetary instrument and the (mis)use of causality tests," Journal of Financial Stability, Elsevier, vol. 42(C), pages 90-99.
    30. Patrick Fève & Pablo Garcia Sanchez & Alban Moura & Olivier Pierrard, 2021. "Costly default and skewed business cycle," Post-Print hal-03346173, HAL.
    31. Jochen Jungeilges & Tatyana Ryazanova, 2018. "Output volatility and savings in a stochastic Goodwin economy," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 8(3), pages 355-380, December.
    32. Gabriela Cugat, 2019. "Emerging markets, household heterogeneity, and exchange rate policy," 2019 Meeting Papers 526, Society for Economic Dynamics.
    33. Tsuboi, Mizuki, 2019. "Consumption, welfare, and stochastic population dynamics when technology shocks are (Un)tied," Economic Modelling, Elsevier, vol. 79(C), pages 74-85.
    34. Zhao, Hong, 2022. "On the impacts of trend inflation in an open economy," Journal of International Economics, Elsevier, vol. 138(C).
    35. Mizuki Tsuboi, 2018. "Stochastic accumulation of human capital and welfare in the Uzawa–Lucas model: an analytical characterization," Journal of Economics, Springer, vol. 125(3), pages 239-261, November.
    36. Chan, Ying Tung & Zhao, Hong, 2019. "How do credit market frictions affect carbon cycles? an estimated DSGE model approach," MPRA Paper 106987, University Library of Munich, Germany, revised 05 Dec 2020.
    37. Murat Ozbilgin, 2020. "Gains from Reducing the Implementation Delays in Public Investment," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(4), pages 815-847, December.

  20. R?diger Bachmann & Steffen Elstner & Eric R. Sims, 2013. "Uncertainty and Economic Activity: Evidence from Business Survey Data," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(2), pages 217-249, April.
    See citations under working paper version above.
  21. Sims, Eric R., 2012. "Taylor rules and technology shocks," Economics Letters, Elsevier, vol. 116(1), pages 92-95.

    Cited by:

    1. Nicolás Cachanosky & Bryan P. Cutsinger & Thomas L. Hogan & William J. Luther & Alexander W. Salter, 2021. "The Federal Reserve's response to the COVID‐19 contraction: An initial appraisal," Southern Economic Journal, John Wiley & Sons, vol. 87(4), pages 1152-1174, April.
    2. Mukantabana, Athanasie & Habimana, Olivier, 2015. "Technology Shock and the Business Cycle in the G7 Countries: A Structural Vector Error Correction Model," MPRA Paper 69651, University Library of Munich, Germany.
    3. Selgin, George & Beckworth, David & Bahadir, Berrak, 2015. "The productivity gap: Monetary policy, the subprime boom, and the post-2001 productivity surge," Journal of Policy Modeling, Elsevier, vol. 37(2), pages 189-207.

  22. Bachmann, Rüdiger & Sims, Eric R., 2012. "Confidence and the transmission of government spending shocks," Journal of Monetary Economics, Elsevier, vol. 59(3), pages 235-249.
    See citations under working paper version above.
  23. Robert B. Barsky & Eric R. Sims, 2012. "Information, Animal Spirits, and the Meaning of Innovations in Consumer Confidence," American Economic Review, American Economic Association, vol. 102(4), pages 1343-1377, June.
    See citations under working paper version above.
  24. Barsky, Robert B. & Sims, Eric R., 2011. "News shocks and business cycles," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 273-289.

    Cited by:

    1. Breach, Tomas & D’Amico, Stefania & Orphanides, Athanasios, 2020. "The term structure and inflation uncertainty," Journal of Financial Economics, Elsevier, vol. 138(2), pages 388-414.
    2. Kumar, Abhishek & Mallick, Sushanta & Sinha, Apra, 2021. "Policy errors and business cycle fluctuations: Evidence from an emerging economy," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 176-198.
    3. Brenda Guevara & Gabriel Rodríguez & Lorena Yamuca Salvatierra, 2024. "External Shocks and Economic Fluctuations in Peru: Empirical Evidence using Mixture Innovation TVP-VAR-SV Models," Documentos de Trabajo / Working Papers 2024-529, Departamento de Economía - Pontificia Universidad Católica del Perú.
    4. Mario Forni & Luca Sala & Luca Gambetti, 2015. "No News in Business Cycles," Working Papers 535, Barcelona School of Economics.
    5. Dario Caldara & Cristina Fuentes-Albero & Simon Gilchrist & Egon Zakrajšek, 2016. "The Macroeconomic Impact of Financial and Uncertainty Shocks," International Finance Discussion Papers 1166, Board of Governors of the Federal Reserve System (U.S.).
    6. Moench, Emanuel & Soofi-Siavash, Soroosh, 2022. "What moves treasury yields?," Journal of Financial Economics, Elsevier, vol. 146(3), pages 1016-1043.
    7. Angela Abbate & Sandra Eickmeier & Esteban Prieto, 2020. "Financial shocks and inflation dynamics," Working Papers 2020-13, Swiss National Bank.
    8. Ryo Jinnai, 2014. "R&D Shocks and News Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(7), pages 1457-1478, October.
    9. Bernard Dumas & Marcel R. Savioz, 2020. "A theory of the nominal character of stock securities," Working Papers 2020-03, Swiss National Bank.
    10. Hack, Lukas & Istrefi, Klodiana & Meier, Matthias, 2023. "Identification of systematic monetary policy," Working Paper Series 2851, European Central Bank.
    11. Hafedh Bouakez & Michel Guillard & Jordan Roulleau-Pasdeloup, 2014. "Public Investment, Time to Buid, and the Zero Lower Bound," Working Papers 2014-03, Center for Research in Economics and Statistics.
    12. Luca Benati & Thomas A. Lubik, 2022. "Searching for Hysteresis," Working Paper 22-05, Federal Reserve Bank of Richmond.
    13. Piergiorgio Alessandri & Antonio M. Conti & Fabrizio Venditti, 2016. "The Financial Stability Dark Side of Monetary Policy," BCAM Working Papers 1601, Birkbeck Centre for Applied Macroeconomics.
    14. Christoph Görtz & John D. Tsoukalas, 2013. "Sector Specific News Shocks in Aggregate and Sectoral Fluctuations," CESifo Working Paper Series 4269, CESifo.
    15. Jinnai, Ryo, 2013. "News shocks and inflation," Economics Letters, Elsevier, vol. 119(2), pages 176-179.
    16. Kindberg-Hanlon,Gene, 2021. "The Technology-Employment Trade-Off : Automation, Industry, and Income Effects," Policy Research Working Paper Series 9529, The World Bank.
    17. Brianti, Marco & Gáti, Laura, 2023. "Information and communication technologies and medium-run fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    18. Vasilev, Aleksandar, 2022. "How Important Are Consumer Confidence Shocks for the Propagation of Business Cycles in Bulgaria?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 63(10-12), pages 589-603.
    19. Lippi, Marco & Forni, Mario & Sala, Luca & Gambetti, Luca, 2013. "Noisy News in Business cycles," CEPR Discussion Papers 9601, C.E.P.R. Discussion Papers.
    20. Stefan Bruder & Michael Wolf, 2017. "Balanced bootstrap joint confidence bands for structural impulse response functions," ECON - Working Papers 246, Department of Economics - University of Zurich, revised Jan 2018.
    21. Gangopadhyay, Partha & Das, Narasingha & Kumar, Satish & Tanin, Tauhidul Islam, 2024. "Information warfare: Analyzing COVID-19 news and its economic fallout in the US," Research in International Business and Finance, Elsevier, vol. 70(PB).
    22. Sandra Gomes, 2011. "Housing Market Dynamics: Any News?," Working Papers w201121, Banco de Portugal, Economics and Research Department.
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Chapters

  1. Eric R. Sims, 2012. "News, Non-Invertibility, and Structural VARs," Advances in Econometrics, in: DSGE Models in Macroeconomics: Estimation, Evaluation, and New Developments, pages 81-135, Emerald Group Publishing Limited.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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