Advances in business cycle research: with applications to the French and US economies
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | German |
| Veröffentlicht: |
Berlin u.a.
Springer
1995
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XI, 412 S. graph. Darst. |
| ISBN: | 3540592296 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV010218820 | ||
| 003 | DE-604 | ||
| 005 | 20130117 | ||
| 007 | t | ||
| 008 | 950606s1995 gw d||| |||| 00||| ger d | ||
| 016 | 7 | |a 944522076 |2 DE-101 | |
| 020 | |a 3540592296 |9 3-540-59229-6 | ||
| 035 | |a (OCoLC)32747081 | ||
| 035 | |a (DE-599)BVBBV010218820 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a ger | |
| 044 | |a gw |c DE | ||
| 049 | |a DE-355 |a DE-384 |a DE-473 |a DE-12 |a DE-19 |a DE-20 |a DE-N2 |a DE-521 |a DE-83 |a DE-188 | ||
| 050 | 0 | |a HB3711.A28 1995 | |
| 082 | 0 | |a 338.5/42 20 | |
| 082 | 0 | |a 338.5/42 |2 20 | |
| 084 | |a QC 330 |0 (DE-625)141269: |2 rvk | ||
| 084 | |a 27 |2 sdnb | ||
| 084 | |a 17 |2 sdnb | ||
| 245 | 1 | 0 | |a Advances in business cycle research |b with applications to the French and US economies |c Pierre-Yves Henin (ed.) |
| 264 | 1 | |a Berlin u.a. |b Springer |c 1995 | |
| 300 | |a XI, 412 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 7 | |a Business cycles |2 gtt | |
| 650 | 4 | |a Business cycles | |
| 650 | 4 | |a Business cycles -- France | |
| 650 | 4 | |a Business cycles -- United States | |
| 650 | 0 | 7 | |a Konjunkturzyklus |0 (DE-588)4032134-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Konjunkturmodell |0 (DE-588)4164996-5 |2 gnd |9 rswk-swf |
| 651 | 4 | |a Frankreich | |
| 651 | 4 | |a USA | |
| 651 | 7 | |a Frankreich |0 (DE-588)4018145-5 |2 gnd |9 rswk-swf | |
| 651 | 7 | |a USA |0 (DE-588)4078704-7 |2 gnd |9 rswk-swf | |
| 689 | 0 | 0 | |a Frankreich |0 (DE-588)4018145-5 |D g |
| 689 | 0 | 1 | |a Konjunkturzyklus |0 (DE-588)4032134-4 |D s |
| 689 | 0 | |5 DE-604 | |
| 689 | 1 | 0 | |a USA |0 (DE-588)4078704-7 |D g |
| 689 | 1 | 1 | |a Konjunkturzyklus |0 (DE-588)4032134-4 |D s |
| 689 | 1 | |5 DE-604 | |
| 689 | 2 | 0 | |a Frankreich |0 (DE-588)4018145-5 |D g |
| 689 | 2 | 1 | |a Konjunkturmodell |0 (DE-588)4164996-5 |D s |
| 689 | 2 | 2 | |a USA |0 (DE-588)4078704-7 |D g |
| 689 | 2 | |5 DE-604 | |
| 700 | 1 | |a Hénin, Pierre-Yves |d 1946- |e Sonstige |0 (DE-588)170078744 |4 oth | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006791299&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-006791299 | ||
Datensatz im Suchindex
| _version_ | 1804124627961643008 |
|---|---|
| adam_text | Contents
On the Theoretical Relevance and Empirical Validity of
Augmented Real Business Cycle Models: An Introduction 1
1 Why to Consider Augmented Real Business Cycle Models? 2
2 Walrasian ARBC Models 3
3 Non Walrasian Models and Other Developments 6
4 Looking at the Future : Beyond ARBC Models 10
I Advances into RBC Framework 19
1 Presentation and Evaluation of the Real Business Cycles
Approach 21
1.1 Presentation of the Canonical RBC Model 25
1.1.1 Exposition of the Model 26
1.1.2 The Resolution Method 28
1.1.3 The Economic Mechanisms at the Heart of RBC
Models 31
1.2 The Evaluation of RBC Approach 39
1.2.1 The Stylized Facts of the French and US Fluc¬
tuations 40
1.2.2 Calibration 42
1.2.3 Cyclical Properties of the Model 43
1.3 Concluding Comments 47
1.4 Appendix : Solving the Linear System 48
2 A RBC Model for Explaining Cyclical Labor Market
Features 55
2.1 Productivity, Labor Productivity and Business Cycle . . 58
2.1.1 The Solow Residual in RBC Models 59
2.1.2 Labor Productivity Cycle : a Stylized Fact .... 60
2.2 The Model 63
2.2.1 The Firms 64
2.2.2 The Households 65
2.2.3 The Government 66
2.2.4 The Planner s Decision Rules 66
2.3 Solution Method and Calibration 68
2.4 Impulse Response Functions for Technological and Govern¬
ment Spending Shocks 73
2.4.1 Technological Shocks 73
2.4.2 Government Spending Shock 76
2.5 Simulation Results 78
2.5.1 The USA 78
2.5.2 France 84
2.5.3 Conclusion of the Quantitative Analysis 86
2.6 Concluding Comments 88
2.7 Appendix 90
3 Cash In Advance Constraint and the Business Cycle 107
3.1 The Model 109
3.1.1 The Neoclassical Growth Model with Cash In
Advance 109
3.1.2 How to Solve the Model? 114
3.2 Dynamic Features of the Cash In Advance Constraint
Model 120
3.2.1 Transitional Dynamics 121
3.2.2 Instantaneous Responses to a Technological Shock 123
3.2.3 Instantaneous Responses to a Monetary
Shock 125
3.3 Can a Cash In Advance Constraint Account for the Role
of Monetary Shocks in the Business Cycle? 127
3.3.1 Simulation Method and Calibration Issues .... 127
3.3.2 The Specific Role of Monetary Shocks in Cash
In Advance Models 128
3.3.3 Monetary Shocks and Cash In Advance Constraint:
a Counter Factual Impulsion Propagation Scheme 131
3.4 Concluding Comments 134
3.5 Appendix 135
4 The International Transmission of Real Business Cycles 143
4.1 A One Sector, Two Country Model 146
4.1.1 Preferences 147
4.1.2 Technology 148
4.1.3 Constraints 149
4.1.4 Model Resolution 150
4.2 Impulse Response to Productivity and Government Spen¬
ding Shocks 156
4.2.1 Effects of Productivity Shock 156
4.2.2 Effects of Government Spending Shock 157
4.3 Model Predictions and International Business Cycles . . 158
4.3.1 The Stylized Facts 158
4.3.2 Model Predictions 160
4.4 Concluding Comments 167
4.5 Appendix 169
5 A Small Open Economy RBC Model: the French Economy
Case 173
5.1 The RBC Model of the French Economy 175
5.1.1 Technology and Preferences 175
5.1.2 Optimal Behavior of Households and Firms . . . 178
5.1.3 Competitive Equilibrium of the Economy 179
5.1.4 Stationarization and Linearization of the
Model 180
5.2 Two Exercises of Model Validation 181
5.2.1 Parameter Calibration of the Benchmark Model . 181
5.2.2 Traditional Validation by Moment Comparison . . 183
5.2.3 Impulse Response Functions of the RBCand VAR
Models 186
5.3 Concluding Comments 191
II Advances beyond RBC Framework 195
6 Nominal Rigidities and Monopolistic Competition: A
New Keynesian View 197
6.1 The Model 200
6.1.1 A Monopolistic Competition Model with Money
in the Utility Function 200
6.1.2 Definition and Resolution of the Equilibrium . . . 206
6.2 Monetary Disturbances and Business Cycle in France
and the United States 211
6.2.1 Parameter Calibration 213
6.2.2 Estimation of the Exogenous Shocks Processes . . 215
6.2.3 The Effect of Monetary Shocks, Monopolistic Com¬
petition and Price Stickiness 218
6.2.4 The Effect of Increasing Returns 221
6.2.5 The Model and the Business Cycle on US and
French Data 223
6.2.6 Impulse Responses to Technological and
Monetary Shocks 227
6.3 Concluding Comments 227
6.4 Appendix 229
7 Nominal Wage Contracts and the Short Run Dynamics
of Real Wages 241
7.1 The Model 244
7.1.1 The Economic Environment 245
7.1.2 The Competitive Equilibrium of the Economy
without Wage Contracts 247
7.1.3 The Equilibrium with Nominal Wage Contracts .249
7.2 The Mechanisms of the Model 255
7.2.1 Calibration 256
7.2.2 The Walrasian Model with Interrelated Adjust¬
ment Costs 258
7.2.3 The Model with Interrelated Adjustment Costs
and Contracts 260
7.3 Validation 266
7.3.1 The Stylized Facts 266
7.3.2 Does the Model Match the Data? 270
7.3.3 Nominal Shocks and Short Run Dynamics of Real
Wages 274
8 Unemployment and Business Cycle : a General Equili¬
brium Matching Model 287
8.1 The Model 291
8.1.1 The Labor Market 291
8.1.2 The Firm 293
8.1.3 The Household 295
8.2 The Symmetric General Equilibrium 297
8.2.1 The Wage Bargaining Process and the
Search Intensity Decision 298
8.2.2 Rational Expectations Equilibrium 300
8.2.3 Resolution Method 302
8.3 Results 305
8.3.1 Impulse Response Functions 305
8.3.2 Does the Model Match the U.S. Business Cycle? . 309
8.3.3 Does the Model Match the French Business Cycle?315
8.4 Concluding Comments 321
9 Business Cycle and Endogenous Growth : Learning by
Doing versus Rationalizing 327
9.1 Presentation of the Model 330
9.1.1 The Households 330
9.1.2 The Government Expenditures 332
9.1.3 The Firms 332
9.1.4 Accumulation Processes 333
9.2 Solving the Model 335
9.2.1 The Representative Firm Problem 335
9.2.2 The Household Problem 336
9.2.3 The Competitive Equilibrium 337
9.2.4 Simulation Methodology 338
9.3 Analysis of the Dynamics 342
9.3.1 Transitional Dynamics 342
9.3.2 Responses to Stochastic Shocks 346
9.4 Cyclical Implications of the Sign of Persistence 354
9.4.1 Stochastic Simulation Methodology 354
9.4.2 Simulation Results 355
9.5 Concluding Comments 360
9.6 Appendix 362
10 Statistical Evaluation of the RBC Model 371
10.1 The Canonical Real Business Cycle Model 375
10.1.1 The Model 375
10.1.2 Solution Method 380
10.2 Estimation Method, Testing and
Stochastic Simulation 382
10.2.1 Implementing the Generalized Method of
Moments 383
10.2.2 Testing 389
10.2.3 Parameter Uncertainty and Stochastic
Simulations 390
10.3 Empirical Results • 392
10.3.1 Estimation of the Structural Parameters $i . . .393
10.3.2 Statistical Tests of the RBC Propositions 395
10.4 Concluding Comments 403
10.5 Appendix 405
|
| any_adam_object | 1 |
| author_GND | (DE-588)170078744 |
| building | Verbundindex |
| bvnumber | BV010218820 |
| callnumber-first | H - Social Science |
| callnumber-label | HB3711 |
| callnumber-raw | HB3711.A28 1995 |
| callnumber-search | HB3711.A28 1995 |
| callnumber-sort | HB 43711 A28 41995 |
| callnumber-subject | HB - Economic Theory and Demography |
| classification_rvk | QC 330 |
| ctrlnum | (OCoLC)32747081 (DE-599)BVBBV010218820 |
| dewey-full | 338.5/4220 338.5/42 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.5/42 20 338.5/42 |
| dewey-search | 338.5/42 20 338.5/42 |
| dewey-sort | 3338.5 242 220 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02216nam a2200601 c 4500</leader><controlfield tag="001">BV010218820</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20130117 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">950606s1995 gw d||| |||| 00||| ger d</controlfield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">944522076</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">3540592296</subfield><subfield code="9">3-540-59229-6</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)32747081</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV010218820</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">ger</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">gw</subfield><subfield code="c">DE</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-355</subfield><subfield code="a">DE-384</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-N2</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-83</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HB3711.A28 1995</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">338.5/42 20</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">338.5/42</subfield><subfield code="2">20</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QC 330</subfield><subfield code="0">(DE-625)141269:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">27</subfield><subfield code="2">sdnb</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">17</subfield><subfield code="2">sdnb</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Advances in business cycle research</subfield><subfield code="b">with applications to the French and US economies</subfield><subfield code="c">Pierre-Yves Henin (ed.)</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Berlin u.a.</subfield><subfield code="b">Springer</subfield><subfield code="c">1995</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XI, 412 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Business cycles</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business cycles</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business cycles -- France</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business cycles -- United States</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Konjunkturzyklus</subfield><subfield code="0">(DE-588)4032134-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Konjunkturmodell</subfield><subfield code="0">(DE-588)4164996-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Frankreich</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">USA</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Frankreich</subfield><subfield code="0">(DE-588)4018145-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">USA</subfield><subfield code="0">(DE-588)4078704-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Frankreich</subfield><subfield code="0">(DE-588)4018145-5</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Konjunkturzyklus</subfield><subfield code="0">(DE-588)4032134-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">USA</subfield><subfield code="0">(DE-588)4078704-7</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Konjunkturzyklus</subfield><subfield code="0">(DE-588)4032134-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="2" ind2="0"><subfield code="a">Frankreich</subfield><subfield code="0">(DE-588)4018145-5</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="2" ind2="1"><subfield code="a">Konjunkturmodell</subfield><subfield code="0">(DE-588)4164996-5</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="2" ind2="2"><subfield code="a">USA</subfield><subfield code="0">(DE-588)4078704-7</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="2" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Hénin, Pierre-Yves</subfield><subfield code="d">1946-</subfield><subfield code="e">Sonstige</subfield><subfield code="0">(DE-588)170078744</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006791299&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-006791299</subfield></datafield></record></collection> |
| geographic | Frankreich USA Frankreich (DE-588)4018145-5 gnd USA (DE-588)4078704-7 gnd |
| geographic_facet | Frankreich USA |
| id | DE-604.BV010218820 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T17:48:41Z |
| institution | BVB |
| isbn | 3540592296 |
| language | German |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-006791299 |
| oclc_num | 32747081 |
| open_access_boolean | |
| owner | DE-355 DE-BY-UBR DE-384 DE-473 DE-BY-UBG DE-12 DE-19 DE-BY-UBM DE-20 DE-N2 DE-521 DE-83 DE-188 |
| owner_facet | DE-355 DE-BY-UBR DE-384 DE-473 DE-BY-UBG DE-12 DE-19 DE-BY-UBM DE-20 DE-N2 DE-521 DE-83 DE-188 |
| physical | XI, 412 S. graph. Darst. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | Springer |
| record_format | marc |
| spelling | Advances in business cycle research with applications to the French and US economies Pierre-Yves Henin (ed.) Berlin u.a. Springer 1995 XI, 412 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Business cycles gtt Business cycles Business cycles -- France Business cycles -- United States Konjunkturzyklus (DE-588)4032134-4 gnd rswk-swf Konjunkturmodell (DE-588)4164996-5 gnd rswk-swf Frankreich USA Frankreich (DE-588)4018145-5 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf Frankreich (DE-588)4018145-5 g Konjunkturzyklus (DE-588)4032134-4 s DE-604 USA (DE-588)4078704-7 g Konjunkturmodell (DE-588)4164996-5 s Hénin, Pierre-Yves 1946- Sonstige (DE-588)170078744 oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006791299&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Advances in business cycle research with applications to the French and US economies Business cycles gtt Business cycles Business cycles -- France Business cycles -- United States Konjunkturzyklus (DE-588)4032134-4 gnd Konjunkturmodell (DE-588)4164996-5 gnd |
| subject_GND | (DE-588)4032134-4 (DE-588)4164996-5 (DE-588)4018145-5 (DE-588)4078704-7 |
| title | Advances in business cycle research with applications to the French and US economies |
| title_auth | Advances in business cycle research with applications to the French and US economies |
| title_exact_search | Advances in business cycle research with applications to the French and US economies |
| title_full | Advances in business cycle research with applications to the French and US economies Pierre-Yves Henin (ed.) |
| title_fullStr | Advances in business cycle research with applications to the French and US economies Pierre-Yves Henin (ed.) |
| title_full_unstemmed | Advances in business cycle research with applications to the French and US economies Pierre-Yves Henin (ed.) |
| title_short | Advances in business cycle research |
| title_sort | advances in business cycle research with applications to the french and us economies |
| title_sub | with applications to the French and US economies |
| topic | Business cycles gtt Business cycles Business cycles -- France Business cycles -- United States Konjunkturzyklus (DE-588)4032134-4 gnd Konjunkturmodell (DE-588)4164996-5 gnd |
| topic_facet | Business cycles Business cycles -- France Business cycles -- United States Konjunkturzyklus Konjunkturmodell Frankreich USA |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006791299&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT heninpierreyves advancesinbusinesscycleresearchwithapplicationstothefrenchanduseconomies |