Sökning: onr:"swepub:oai:DiVA.org:su-92589" >
Monetary Business C...
Monetary Business Cycle Accounting for Sweden
-
- Brinca, Pedro, 1979- (författare)
- Stockholms universitet,Nationalekonomiska institutionen
-
(creator_code:org_t)
- Walter de Gruyter GmbH, 2013
- 2013
- Engelska.
-
Ingår i: The B.E. Journal of Macroeconomics. - : Walter de Gruyter GmbH. - 2194-6116 .- 1935-1690. ; 13:1, s. 1085-1119
- Relaterad länk:
-
https://urn.kb.se/re...
-
visa fler...
-
https://doi.org/10.1...
-
visa färre...
Abstract
Ämnesord
Stäng
- When creating competing models of economic fluctuations, researchers typically introduce frictions in their models aiming at replicating the observed movements in the data. This paper implements a business cycle accounting procedure for the Swedish economy. Both the 1990's and the 2008 recessions are given special focus. Evidence is provided for properties that structural extensions to the business cycle model need to have in order to replicate the movements in the data. Distortions to the labor market and movements in total factor productivity are the most determinant features to be modeled with respect to real variables as well as deviations from a Taylor rule for interest rate setting, though the latter plays little role for both the 1990's and the 2008 recessions. The distortions share a structural break during the 1990's crisis but not during the recent one.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Business cycle accounting
- frictions
- economic fluctuations
- Economics
- nationalekonomi
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
Hitta via bibliotek
Till lärosätets databas