منابع مشابه
Economic shocks, wealth and welfare
The immediate effects of the Asian crisis on the well-being of Indonesians are examined using the Indonesia Family Life Survey, an on-going longitudinal household survey. There is tremendous diversity in the effect of the shock: for some households, it was devastating; for others it brought new opportunities. A wide array of mechanisms were adopted in response to the crisis. Households combined...
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This paper studies conditions under which demand-side shocks can generate realistic business cycles in RBC models. Although highly persistent demand shocks are necessary for generating procyclical investment, variable capacity utilization and habit formation can reduce the required degree of persistence. Keywords: Demand Shocks; Halls Residual; Real Business Cycles; Crowding Out; Investment Dy...
متن کاملHousehold utility and its long-run impressionability from economic shocks
Due to the fact that in recent years, Iran has faced severe fluctuations and shocks from macroeconomic variables, the household utility has changed. Undoubtedly, without studying and researching the effects of these shocks on household utility, appropriate solutions cannot be provided to reduce its adverse consequences. Therefore, in the first stage, this study has extracted the household utili...
متن کاملA Note on the Oil Price Trend and GARCH Shocks
This paper investigates the trend in the monthly real price of oil between 1990 and 2008 with a generalized autoregressive conditional heteroskedasticity (GARCH) model. Trend and volatility are estimated jointly with the maximum likelihood estimation. There is long persistence in the variance of oil price shocks, and a GARCH unit root (GUR) test can potentially yield a significant power gain re...
متن کاملEconomic Shocks and Civil Conflict: A Comment
Miguel, Satyanath, and Sergenti (2004) argue that lower rainfall levels and negative rainfall shocks increase conflict risk in Sub-Saharan Africa. This conclusion rests on their finding of a negative correlation between conflict in t and rainfall growth between t-1 and t-2. I argue that this finding is driven by a positive correlation between conflict in t and rainfall levels in t-2. If lower r...
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2013
ISSN: 0304-3878
DOI: 10.1016/j.jdeveco.2013.01.004