Add to ORKGIn this paper we investigate the sources of the important shifts in the volatility of U.S. macroeconomic variables in the postwar period. To this end, we propose the estimation of DSGE models allowing for time variation in the volatility of the structural innovations. We apply our estimation strategy to a large-scale model of the business cycle and find that investment specific technology shocks account for most of the sharp decline in volatility of the last two decades.
We offer a tale of two major postwar business cycle episodes: the pre-1980s and the post-1982s prior...
The paper attempts to provide an appropriate model specification for identifying technology and othe...
In this paper we report the results of the estimation of a rich dynamic stochastic general equilibri...
Abstract. In this paper we investigate the sources of the important shifts in the volatility of U.S....
We investigate the sources of the important shifts in the volatility of US macroeconomic variables i...
One basic feature of aggregate data is the presence of time-varying variance in real and nominal var...
This paper compares the role of stochastic volatility versus changes in monetary policy rules in acc...
We study the sources of the Great Moderation by estimating a variety of medium-scale DSGE models tha...
I study the evolution of aggregate volatility in the US during the postwar period by assessing the r...
This dissertation presents two essays on macroeconometrics. In the second chapter, I empirically com...
We investigate the hypothesis that macroeconomic fluctuations are primitively the results of many mi...
We investigate the hypothesis that macroeconomic fluctuations are primitively the results of many mi...
This dissertation presents two essays on macroeconometrics. In the second chapter, I empirically com...
This paper identi\u85es the sources of instabilities in macroeconomic uctuations in the US post-war ...
I study the evolution of aggregate volatility in the US during the postwar period by assessing the r...
We offer a tale of two major postwar business cycle episodes: the pre-1980s and the post-1982s prior...
The paper attempts to provide an appropriate model specification for identifying technology and othe...
In this paper we report the results of the estimation of a rich dynamic stochastic general equilibri...
Abstract. In this paper we investigate the sources of the important shifts in the volatility of U.S....
We investigate the sources of the important shifts in the volatility of US macroeconomic variables i...
One basic feature of aggregate data is the presence of time-varying variance in real and nominal var...
This paper compares the role of stochastic volatility versus changes in monetary policy rules in acc...
We study the sources of the Great Moderation by estimating a variety of medium-scale DSGE models tha...
I study the evolution of aggregate volatility in the US during the postwar period by assessing the r...
This dissertation presents two essays on macroeconometrics. In the second chapter, I empirically com...
We investigate the hypothesis that macroeconomic fluctuations are primitively the results of many mi...
We investigate the hypothesis that macroeconomic fluctuations are primitively the results of many mi...
This dissertation presents two essays on macroeconometrics. In the second chapter, I empirically com...
This paper identi\u85es the sources of instabilities in macroeconomic uctuations in the US post-war ...
I study the evolution of aggregate volatility in the US during the postwar period by assessing the r...
We offer a tale of two major postwar business cycle episodes: the pre-1980s and the post-1982s prior...
The paper attempts to provide an appropriate model specification for identifying technology and othe...
In this paper we report the results of the estimation of a rich dynamic stochastic general equilibri...