Browsing by Subject "Business cycle"

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  • Cervini, María; Vall Castelló, Judit (Springer, 2021)
    In the last couple of decades, there has been a lot of interest on the impact of macroeconomic fluctuations on health and mortality rates. Many studies, for different countries, find that mortality is procyclical. However, ...
  • Jiménez, Gabriel; Ongena, Steven; Peydró, José-Luis; Saurina, Jesús (2017)
    We analyze the impact of balance-sheet strength on credit availability. Bank balance sheets are weak in crisis times, but so are those of firms, and credit demand is then also weak. For identification, we exploit an ...
  • Jiménez Zambrano, Gabriel; Ongena, Steven; Peydró, José-Luis; Saurina, Jesús (Nature Research, 2017)
    We identify the impact of short-term interest rates on credit risk-taking in the short and long run by analyzing a comprehensive credit register from Spain, a country where for the last twenty years monetary policy was ...
  • Geršl, Adam; Jakubik, Petr; Kowalczyk, Dorota; Ongena, Steven; Peydró, José-Luis (Nature Research, 2015)
    This paper examines the impact of monetary conditions on the risk-taking behaviour of banks in the Czech Republic by analysing the comprehensive credit register of the Czech National Bank. Our duration analysis indicates ...
  • Beaudry, Paul; Galizia, Dana; Portier, Franck (2018-03)
    Are business cycles mainly a response to persistent exogenous shocks, or do they instead reflect a strong endogenous mechanism which produces recurrent boom-bust phenomena? In this paper we present new evidence in favour ...
  • Beaudry, Paul; Portier, Franck (2018-03)
    In this paper we present a generalized sticky price model which allows, depending on the parameterization, for demand shocks to maintain strong expansionary effects even in the presence of perfectly flexible prices. The ...
  • Beaudry, Paul; Galizia, Dana; Portier, Franck (2016-09)
    Recessions often happen after periods of rapid accumulation of houses, consumer durables and business capital. This observation has led some economists, most notably Friedrich Hayek, to conclude that recessions often reflect ...
  • Ghassibe, Mishel; Zanetti, Francesco (Elsevier, 2022)
    We develop a general theory of state-dependent fiscal multipliers in a framework featuring two empirically relevant frictions: idle capacity and unsatisfied demand. Our key novel finding is that the source of fluctuations ...
  • Ghassibe, Mishel; Zanetti, Francesco (2022-07)
    We develop a general theory of state-dependent fiscal multipliers in a framework featuring two empirically relevant frictions: idle capacity and unsatisfied demand. Our key novel finding is that the source of fluctuations ...

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