Title:Do institutions and culture matter for business cycles? Author(s):ALTUG, Sumru G.; CANOVA, FabioDate:2014Citation:
- Open economies review, 2014, Vol. 25, No. 1, pp. 93-122
Type:ArticleAbstract:We examine the relationship between cyclical fluctuations and macroeconomic, institutional, and cultural indicators for 46 countries from Europe and the Mediterranean basin. In the Mediterranean cycles are different: the ...
Title:Choosing the variables to estimate singular DSGE models Author(s):CANOVA, Fabio; FERRONI, Filippo; MATTHES, ChristianDate:2014Citation:
- Journal of Applied Econometrics, 2014, Vol. 29, No. 7, pp. 1099-1117
Type:ArticleAbstract:We propose two methods to choose the variables to be used in the estimation of the structural parameters of a singular DSGE model. The first selects the vector of observables that optimizes parameter identification; the ...
Title:Bridging DSGE models and the raw data Author(s):CANOVA, FabioDate:2014Citation:
- Journal of Monetary Economics, 2014, Vol. 67, pp. 1-15
Type:ArticleAbstract:A method to estimate DSGE models using the raw data is proposed. The approach links the observables to the model counterparts via a flexible specification which does not require the model-based component to be located ...
Title:The ins and outs of unemployment : an analysis conditional on technology shocks Author(s):CANOVA, Fabio; LOPEZ-SALIDO, David; MICHELACCI, ClaudioDate:2013Citation:
- The economic journal, 2013, Vol. 123, No. 569, pp. 515-539
Type:ArticleAbstract:We analyse how unemployment, job-finding and job-separation rates react to neutral and investment-specific technology shocks. Neutral shocks increase unemployment and explain a substantial portion of it volatility; ...
Title:Beggar-thy-neighbor? : the international effects of ECB unconventional monetary policy measures Author(s):BLUWSTEIN, Kristina; CANOVA, FabioDate:2016Citation:
- International journal of central banking (IJCB), 2016, Vol. 12, No. 3, pp. 69-120
Type:ArticleAbstract:This paper examines the effects of unconventional monetary policy measures by the European Central Bank on nine European countries not adopting the euro with a novel Bayesian mixed-frequency structural vector autoregressive ...
Title:Has the Euro-Mediterranean partnership affected mediterranean business cycles? Author(s):CANOVA, Fabio; SCHLAEPFER, AlainDate:2015Citation:
- Journal of applied econometrics, 2015, Vol. 30, No. 2, pp. 241-262
Type:ArticleAbstract:We date turning points of the reference cycle for 19 Mediterranean countries and analyze their structure and interdependencies. Fluctuations are volatile and not highly correlated across countries; recessions are deep but ...
Title:Introduction to recent advances in methods and applications for DSGE models Author(s):CANOVA, Fabio; SCHORFHEIDE, Frank; DIJK, HermanDate:2014Citation:
- Journal of applied econometrics, 2014, Vol. 29, No. 7, pp. 1029-1030
Title:Estimating overidentified, nonrecursive, time-varying coefficients structural vector autoregressions Author(s):CANOVA, Fabio; PÉREZ FORERO, Fernando J.Date:2015Citation:
- Quantitative Economics, 2015, Vol. 6, No. 2, pp. 359-384
Type:ArticleAbstract:This paper provides a general procedure to estimate structural vector autoregressions. The algorithm can be used in constant or time-varying coefficient models, and in the latter case, the law of motion of the coefficients ...
Title:Do expectations matter? : the great moderation revisited Author(s):CANOVA, Fabio; GAMBETTI, LucaDate:2010Citation:
- American economic journal : macroeconomics, 2010, Vol. 2, No. 3, pp. 183-205
Type:ArticleAbstract:We examine the role of expectations in the Great Moderation episode. We derive theoretical restrictions in a New-Keynesian model and test them using measures of expectations obtained from survey data, the Greenbook and ...
Title:Does money matter in shaping domestic business cycles? : an international investigation Author(s):CANOVA, Fabio; MENZ, TobiasDate:2011Citation:
- Journal of money, credit and banking, 2011, Vol. 43, No. 4, pp. 577-607
Type:ArticleAbstract:We study the contribution of money to business-cycle fluctuations in the United States, the United Kingdom, Japan, and the euro area using a small-scale structural monetary business cycle model. Constrained likelihood-based ...