Output and inflation co-movement : an update on business-cycle stylized facts /

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Bibliographic Details
Author / Creator:Andrle, Michal, author, (IMF staff)
Imprint:[Washington, D.C.] : International Monetary Fund, [2016]
©2016
Description:1 online resource (37 pages) : color illustrations.
Language:English
Series:IMF working paper ; WP/16/24
IMF working paper ; WP/16/241.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12507748
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

MARC

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300 |a 1 online resource (37 pages) :  |b color illustrations. 
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490 1 |a IMF working paper ;  |v WP/16/24 
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504 |a Includes bibliographical references (pages 22-23). 
520 3 |a 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. 
588 |a Description based on online resource; title from pdf title page (IMF.org Web site, viewed January 5, 2017). 
650 0 |a Business cycles. 
650 0 |a Inflation (Finance)  |0 http://id.loc.gov/authorities/subjects/sh85066112 
650 0 |a Capital productivity.  |0 http://id.loc.gov/authorities/subjects/sh85019948 
650 6 |a Cycles économiques. 
650 6 |a Inflation. 
650 6 |a Capital  |x Productivité. 
650 7 |a Business cycles.  |2 fast  |0 (OCoLC)fst00842457 
650 7 |a Capital productivity.  |2 fast  |0 (OCoLC)fst00846385 
650 7 |a Inflation (Finance)  |2 fast  |0 (OCoLC)fst00972450 
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700 1 |a Brůha, Jan,  |e author. 
700 1 |a Solmaz, Serhat,  |e author,  |e (World Bank staff) 
710 2 |a International Monetary Fund,  |e publisher. 
710 2 |a International Monetary Fund.  |b Research Department,  |e issuing body. 
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