News Shocks, Productivity and the U.S. Investment Boom-Bust Cycle
نویسندگان
چکیده
منابع مشابه
Explaining the Last Consumption Boom-Bust Cycle in Ireland The Role of News and Noise Shocks
The objective of the paper is to explain the last boom and bust in consumption in Ireland by the failure of consumers to correctly distinguish permanent changes in productivity from temporary changes. It uses a business cycle model, where agents update their beliefs about long-run productivity using information -that they receive continuouslyabout the future state of the economy. The analysis f...
متن کاملThe Boom and Bust in Information Technology Investment
The growth rate of business investment in information technology boomed in the 1990s and 2000 before plunging in 2001. This boom and bust raises some natural questions: what were the reasons for the accentuated swings in growth rates, and, more importantly, what do those reasons portend for the future of IT investment? Much of the increase in IT investment in the late 1990s appears to be attrib...
متن کاملCheap Credit, Collateral and the Boom-Bust Cycle
This paper proposes a model of booms and busts in housing and non-housing consumption driven by the interplay between relatively low interest rates and an expansion of credit, triggered by further decline in interest rates and relaxing collateral requirements. When credit becomes available, households would like to borrow in order to frontload consumption, and this increases demand for housing ...
متن کاملBiology Boom Goes Bust
Political and industrial factors-beyond the economic headwinds-may be causing public investment in biomedical research to slow down around the world.
متن کاملThe Boom and Bust and Boom of Educational Games
The MIT Faculty has made this article openly available. Please share how this access benefits you. Your story matters.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The B.E. Journal of Macroeconomics
سال: 2012
ISSN: 1935-1690
DOI: 10.1515/1935-1690.2436