Concept

Welfare cost of business cycles

Related publications (34)

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Bed load fluctuations in a steep channel

Anton Schleiss, Mário Jorge Rodrigues Pereira Da Franca, Tamara Ghilardi

Abstract: Bedload transport rate fluctuations have been observed over time in steep rivers and flumes with wide grain size distributions even under constant sediment feeding and water discharge. The observed bedload transport rate pulses are periodic and a ...

American Geophysical Union2014

Period and amplitude of bedload pulses in a macro-rough channel

Anton Schleiss, Mário Jorge Rodrigues Pereira Da Franca, Tamara Ghilardi

It is known that bedload fluctuates over time in steep rivers with wide grain size distributions, even under conditions of constant sediment feed and water discharge. Bedload fluctuations, which are a consequence of grain sorting, are periodic and are rela ...

American Geophysical Union2014

Expectation-Driven Cycles in the Housing Market: Evidence from Survey Data

Luisa Lambertini

Using a vector-autoregression (VAR) model and data from the University of Michigan Survey of Consumers, we provide evidence on the importance of news and consumers' beliefs for housing-market dynamics and aggregate fluctuations. We document that innovation ...

2013

Leaning Against Boom-Bust Cycles in Credit and Housing Prices

Luisa Lambertini

This paper studies the potential gains of monetary and macro-prudential policies that lean against house-price and credit cycles. We rely on a model that features Borrowers and Savers and allows for over-borrowing induced by news-shock-driven cycles. We fi ...

Elsevier2013

Tracking the US business cycle with a singular spectrum analysis

In this paper we resort to singular spectrum analysis to disentangle the US GDP into several underlying components of interest. The business cycle indicator yielded through this method is shown to bear a resemblance with band-pass filtered output, and our ...

Elsevier2012

Natural Expectations and Macroeconomic Fluctuations

Andreas Fuster

A large body of empirical evidence suggests that beliefs systematically deviate from perfect rationality. Much of the evidence implies that economic agents tend to form forecasts that are excessively influenced by recent changes. We present a parsimonious ...

2010

Optimizing load transfer in multiwall nanotubes through interwall coupling: Theory and simulation

William Curtin

An analytical model is developed to determine the length scales over which load is transferred from outer to inner walls of multiwall carbon nanotubes (MWCNTs) as a function of the amount of bonding between walls. The model predicts that the characteristic ...

2010

Border adjustment measures as instruments to reduce emissions leakage

Marc Vielle, Juan Carlos Altamirano Cabrera

We analyze carbon-related BAMs (focused on imports) as potential instruments to reduce emissions leakage. We combine an approach from international trade law with an economic approach. For the legal aspect we discuss the elements needed to include carbon-r ...

NCCR-Climate Working Paper2010

Monetary-Labor Interactions, International Monetary Regimes, and Central Bank Conservatism

Vincenzo Cuciniello

A two-country general equilibrium model with large wage setters and conservative monetary authorities is employed to investigate the welfare implications of three international monetary regimes: i) non-cooperative, ii) cooperative, and iii) monetary union. ...

Center for Fiscal Policy Working Paper Series2009

On the Benefits of a Monetary Union: does it pay to be bigger?

Chiara Forlati

A two area dynamic stochastic general equilibrium model is employed to investigate the welfare implications of losing monetary independence. Two policy regimes are compared: (i) in one area there is a common currency, while in the other area countries stil ...

Center for Fiscal Policy Working Paper Series2009