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Browsing Working Papers by Subject "Business Cycle"
Now showing items 1-2 of 2
Title:The Role of Curvature in the Transformation Frontier for Measuring Technology Shocks
Author(s):MENNUNI, AlessandroDate:2010-10-28Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:In the usual version of the neoclassical growth model used to identify neutral (N-Shock) and investment shocks (I-Shock), a linear transformation frontier between consumption and investment goods is assumed. This paper ...
Title:Twin Deficits, Openness and the Business Cycle
Author(s):CORSETTI, Giancarlo; MÜLLER, Gernot J.Date:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In this paper, we study the co-movement of the government budget balance and the trade balance at business cycle frequencies. In a sample of 10 OECD countries we find that the correlation of the two time series is negative, ...