Hidden Bibliographic Details
| Other authors / contributors: | Brůha, Jan, author.
Solmaz, Serhat, author, (World Bank staff)
International Monetary Fund, publisher.
International Monetary Fund. Research Department, issuing body.
|
|---|
| ISBN: | 9781475560329
147556032X
|
|---|
| Notes: | "December 2016."
At head of title: International Monetary Fund, Research Department.
Includes bibliographical references (pages 22-23).
Description based on online resource; title from pdf title page (IMF.org Web site, viewed January 5, 2017).
|
|---|
| Summary: | What are the drivers of business cycle fluctuations? And how many are there? By documenting strong and predictable co-movement of real variables during the business cycle in a sample of advanced economies, we argue that most business cycle fluctuations are driven by one major factor. The positive co-movement of real output and inflation convincingly argues for a demand story. We propose a simple statistic that can compare data and models. Based on this statistic, we show that the recent vintage of structural economic models has difficulties replicating the stylized facts we document.
|
|---|
| Other form: | Print Version: Andrle, Michal Output and Inflation Co-movement: An Update on Business-Cycle Stylized Facts Washington, D.C. : International Monetary Fund,2016 9781475560329
|
|---|
| Standard no.: | 10.5089/9781475560329.001
|
|---|
