Members Research Papers

Institutions and Business Cycles

Series Number:	61/2012
Authors:	Sumru Altug Koc University
Publication Date	December 18, 2012
JEL code(s)	C32 Multiple or Simultaneous Equation Models: Time-Series Models E32 Business Fluctuations; Cycles E37 Prices, Business Fluctuations, and Cycles: Forecasting and Simulation
Keywords	business cycles, Institutions, nonparametric analysis and synchronization

Prior Selection for Vector Autoregressions

Authors:	Domenico Giannone ECARES, Universite Libre de Bruxelles Michele Lenza European Central Bank Giorgio Primiceri Northwestern University and NBER
Publication Date	December 15, 2011

How Do Credit Supply Shocks Propagate Internationally? A GVAR approach

Series Number:	60/2012
Authors:	Sandra Eickmeier Deutsche Bundesbank
Publication Date	December 5, 2011
JEL code(s)	F15 Economic Integration F36 Financial Aspects of Economic Integration F41 Open Economy Macroeconomics
Keywords	credit supply shocks, global VAR, international business cycles, sign restrictions, trade and financial integration

Aggregate Hours Worked in OECD Countries: New Measurement and Implications for Business Cycles

Authors:	Andrea Raffo Board of Governors of the Federal Reserve System Lee E Ohanian Department of Economics, UCLA
Publication Date	December 2, 2011
JEL code(s)	E32 Business Fluctuations; Cycles F41 Open Economy Macroeconomics J20 Demand and Suppply of Labor: General
Keywords	Great Recession, Hours Worked, Labor Wedge

The British opt-out from the European Monetary Union: empirical evidence from monetary policy rules

Authors:	Stefano D'Addona University of Rome 3
Publication Date	November 30, 2011
JEL code(s)	E32 Business Fluctuations; Cycles E52 Monetary Policy
Keywords	Taylor rule; European monetary integration; Regime switching models; Interest rate smoothing.

Institutions and Business Cycles

Authors:	Sumru Altug Koc University
Publication Date	November 25, 2011
JEL code(s)	E32 Business Fluctuations; Cycles
Keywords	business cycles, Institutions, nonparametric analysis, Synchronization

Real-Time Data and Fiscal Policy Analysis: A Survey of the Literature

Authors:	Jacopo Cimadomo European Central Bank
Publication Date	July 14, 2011
JEL code(s)	E62 Fiscal Policy H60 National Budget, Deficit, and Debt: General H68 Forecasts of Budgets, Deficits, and Debt

Identifying the Effects of Government Spending Shocks With and Without Expected Reversal: an Approach Based on U.S. Real-Time Data

Authors:	Jacopo Cimadomo European Central Bank
Publication Date	July 1, 2011
JEL code(s)	E62 Fiscal Policy E65 Studies of Particular Policy Episodes H20 Taxation, Subsidies, and Revenue: General

The Great Recession: US dynamics and spillovers to the world economy

Authors:	Fabio Bagliano University of Torino Claudio Morana Università di Milano-Bicocca
Publication Date	June 10, 2011
JEL code(s)	C32 Multiple or Simultaneous Equation Models: Time-Series Models E32 Business Fluctuations; Cycles F36 Financial Aspects of Economic Integration
Keywords	Great Recession; Financial crisis; Economic crisis; Boom-bust cycle; Credit cycle; International business cycle; Factor vector autoregressive models

Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area

Series Number:	CEPR/EABCN No. 59/2011
Authors:	Gert Peersman Department of Financial Economics, Ghent University
Publication Date	April 18, 2011
JEL code(s)	C32 Multiple or Simultaneous Equation Models: Time-Series Models E30 Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) E44 Financial Markets and the Macroeconomy E51 Money Supply; Credit; Money Multipliers E52 Monetary Policy
Keywords	SVARs and unconventional monetary policy