The Resource Noisy news in business cycles, Mario Forni, Luca Gambetti, Marco Lippi and Luca Sala, (electronic resource)

Noisy news in business cycles, Mario Forni, Luca Gambetti, Marco Lippi and Luca Sala, (electronic resource)

Label
Noisy news in business cycles
Title
Noisy news in business cycles
Statement of responsibility
Mario Forni, Luca Gambetti, Marco Lippi and Luca Sala
Creator
Contributor
Author
Subject
Language
eng
Summary
In a situation where agents can only observe a noisy signal of the shock to future economic fundamentals, SVAR models can still be successfully employed to estimate the shock and the associated impulse response functions. Identification is reached by means of dynamic rotations of the reduced form residuals. We use our identification approach to investigate the role of the "noise" shock the component of the signal observed by agents which is unrelated to economic fundamentals as a source of business cycle fluctuations. We find that noise shocks generate hump-shaped responses of GDP, consumption and investment and account for about a third of their prediction error variance at business cycle horizons
Member of
Cataloging source
GZM
http://library.link/vocab/creatorName
Forni, Mario
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1972-
http://library.link/vocab/relatedWorkOrContributorName
  • Gambetti, Luca
  • Lippi, Marco
  • Sala, Luca
  • Centre for Economic Policy Research (Great Britain)
Series statement
  • Discussion paper series,
  • International macroeconomics
Series volume
no. 9601
http://library.link/vocab/subjectName
  • Business cycles
  • Economic indicators
Label
Noisy news in business cycles, Mario Forni, Luca Gambetti, Marco Lippi and Luca Sala, (electronic resource)
Link
http://www.cepr.org.ezproxy.eui.eu/content/discussion-papers
Instantiates
Publication
Note
  • "August 2013."
  • "Submitted 06 August 2013."
Bibliography note
Includes bibliographical references (pages 24-26)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17470663
Extent
1 online resource (40 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Other physical details
illustrations.
Specific material designation
remote
System control number
(OCoLC)856540450
Label
Noisy news in business cycles, Mario Forni, Luca Gambetti, Marco Lippi and Luca Sala, (electronic resource)
Link
http://www.cepr.org.ezproxy.eui.eu/content/discussion-papers
Publication
Note
  • "August 2013."
  • "Submitted 06 August 2013."
Bibliography note
Includes bibliographical references (pages 24-26)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
FIEb17470663
Extent
1 online resource (40 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Other physical details
illustrations.
Specific material designation
remote
System control number
(OCoLC)856540450

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