| 000 -LEADER |
|---|
| fixed length control field |
01226nam a22001817a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
200904b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Beaudry, Paul |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
Putting the cycle back into business cycle analysis |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Place of publication, distribution, etc |
American Economic Review |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
110(1), Jan 2020. p. 1-47 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
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 evidence in favor of the second interpretation and we highlight the set of key elements that influence our answer. The elements that tend to favor this type of interpretation of business cycles are (i) slightly extending the frequency window one associates with business cycle phenomena, (ii) allowing for strategic complementarities across agents that arise due to financial frictions, and (iii) allowing for a locally unstable steady state in estimation. - Reproduced |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Investment, Capital, Intangible Capital, Capacity |
| 9 (RLIN) |
17559 |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Galizia, Dana |
| 9 (RLIN) |
17560 |
| 700 ## - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Portier, Franck |
| 9 (RLIN) |
17561 |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
American Economic Review |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
FINANCIAL MARKETS |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
