N Jaimovich… - 2006 - nber.org
Aggregate and sectoral comovement are central features of business cycle data. Therefore,
the ability to generate comovement is a natural litmus test for macroeconomic models. But it
is a test that most existing models fail. In this paper we propose a unified model that ...
N Bloom, M Floetotto… - 2009 - nber.org
Abstract We propose uncertainty shocks as an additional impulse driving business cycles.
First, we demonstrate that uncertainty, measured by a number of proxies, appears to be
strongly countercyclical. When uncertainty is included in a standard vector au'toregression ...
N Jaimovich… - Journal of Monetary Economics, 2008 - Elsevier
We present a model in which net business formation is endogenously procyclical. Variations
in the number of operating firms lead to countercyclical variations in markups that give rise to
endogenous procyclical movements in measured total factor productivity (TFP). Based on ...
We assess the importance of nominal rigidities using a new weekly scanner data set. We
find that nominal rigidities are important but do not take the form of sticky prices. Instead,
they take the form of inertia in reference prices and costs, defined as the most common ...
N Jaimovich… - 2008 - nber.org
We investigate the consequences of demographic change for business cycle analysis. We
find that changes in the age composition of the labor force account for a significant fraction of
the variation in business cycle volatility observed in the US and other G7 economies. ...
N Jaimovich… - 2007 - nber.org
Aggregate and sectoral comovement are central features of business cycle data. Therefore,
the ability to generate comovement is a natural litmus test for macroeconomic models. But it
is a test that most existing models fail. In this paper we propose a unified model that ...
N Jaimovich - Journal of Economic Theory, 2007 - Elsevier
This paper analyzes how the interaction between firms' entry-and-exit decisions and
variations in competition gives rise to self-fulfilling, expectation-driven fluctuations in
aggregate economic activity and in measured total factor productivity (TFP). The analysis ...
A Burstein… - unpublished paper, UCLA and Stanford …, 2009 - nber.org
Abstract We document new facts on international relative price movements using wholesale
price data for common products sold in Canada and United States over the period 2004-
2006, and information on the country of production for individual products. We find that ...
N Jaimovich… - Journal of the European Economic …, 2007 - Wiley Online Library
Abstract We explore the business cycle implications of expectation shocks and of two well-
known psychological biases, optimism and overconfidence. The expectations of optimistic
agents are biased toward good outcomes, whereas overconfident agents overestimate the ...
N Jaimovich, S Pruitt… - 2009 - nber.org
The employment and hours worked of young individuals fluctuate much more over the
business cycle than those of prime-aged individuals. Understanding the mechanism
underlying this observation is key to explaining the volatility of aggregate hours over the ...
N Jaimovich - Journal of Economic Theory, 2008 - Elsevier
This note analyzes how the indeterminacy of competitive equilibrium in one-sector growth
models depends on the magnitude of the households' income effect on the demand for
leisure. Since I am interested in quantitatively characterizing regions of indeterminacy, I ...
[CITATION] Do News Shocks Drive the Business Cycle?
N Jaimovich… - Northwestern University, 2006
[CITATION] Can News about the Future Drive the Business Cycle?” forthcoming in American Economic Review
N Jaimovich… - 2009
[CITATION] The Young, the Old, and the Restless: Demographicsand Business Cycle Volatility
N Jaimovich… - 2006 - … University of California at San Diego
E Anderson, N Jaimovich… - Unpublished manuscript, 2011 - sites.google.com
Why does monetary policy have real effects on the economy? A leading explanation in the
macroeconomics literature is that firms incur a cost (a“menu cost”) when changing their
prices which results in less frequent price adjustments. This framework of“state-‐ ...
M Floetotto, N Jaimovich… - 2009 - papers.ssrn.com
Abstract: The two sector model presented in this note suggests a simple structural
decomposition of movements in the price of investment goods into exogenous and
endogenous sources. The endogenous fluctuations arise in the presence of ...
M Eichenbaum, N Jaimovich… - American Economic …, 2011 - faculty.chicagobooth.edu
A central question in macroeconomics is whether nominal rigidities are important. In
addressing this question the literature generally assumes that these rigidities take the form
of sticky prices, that is, prices that do not respond quickly to shocks. An important new ...
[CITATION] mCan News about the Future Drive the Business Cycle?, nmimeo
N Jaimovich… - Northwestern University, 2006
[CITATION] forthcoming, Can News about the Future Drive the Business Cycle
N Jaimovich… - American Economic Review
[CITATION] VThe Demand for Youth: Implications for the Hours Volatility Puzzle
N Jaimovich, S Pruitt… - 2010 - V mimeo Duke University
[CITATION] Capital-Experience Complementarity and Demographics: Implications for the Volatility of Hours and the Great Moderation
N Jaimovich, S Pruitt… - 2007 - mimeo, University of British …
[CITATION] Firm Dynamics, Markup Variations, and the Business Cycle, man uscript
N Jaimovich… - 2007 - Stanford University
[CITATION] nReference Prices and Nominal Rigidities. oWorking Paper
M Eichenbaum, N Jaimovich… - 2008
N Jaimovich, S Pruitt… - 2008 - qed.econ.queensu.ca
Abstract The employment and hours worked of young individuals fluctuate much more over
the business cycle than that of prime-aged individuals. Understanding the mechanism
underlying this observation is key to explaining the volatility of aggregate hours over the ...
H Siu… - 2006 Meeting Papers, 2006 - ideas.repec.org
In this paper we investigate the consequences of demographic change for business cycle
analysis. We find that changes in the age composition of the labor force account for a
significant fraction of the variation in business cycle volatility observed in the US and other ...
JB DeLong, A Demirguc-Kunt, M Doepke… - Asset Prices and … - down.cenet.org.cn
Abosedra, Salah, 303n13 Adao, B., 118n16 Ahearne, Alan G., 401 Aiyagari, SR, 142
Aizcorbe, AA, 104n2 Almeida, Heitor, 186 Amihud, Yakov, 186 Andersen, Torben G., 338n1,
390 Aoki, A., 122n20 Archer, David, 256, 259n12, 261 Aruoba, S., 192n1 Asness, Clifford, ...
JB DeLong, A Demirguc-Kunt… - Asset prices and …, 2008 - books.google.com
Author Index Abosedra, Salah, 303n13 Adao, B., 118n16 Ahearne, Alan G., 401 Aiyagari,
SR, 142 Aizcorbe, AA, 104n2 Almeida, Heitor, 186 Amihud, Yakov, 186 Andersen, Torben
G., 338n1, 390 Aoki, A., 122n20 Archer, David, 256, 259n12, 261 Aruoba, S., 192n1 ...
S Pruitt, N Jaimovich… - 2009 - papers.ssrn.com
Abstract: The employment and hours worked of young individuals fluctuate much more over
the business cycle than those of prime-aged individuals. Understanding the mechanism
underlying this observation is key to explaining the volatility of aggregate hours over the ...
M Floetotto, N Jaimovich… - federalreserve.gov
Abstract: The two sector model presented in this note suggests a simple structural
decomposition of movements in the price of investment goods into exogenous and
endogenous sources. The endogenous fluctuations arise in the presence of ...
[CITATION] Tax Reform in the Presence of Varying Monopolistic Power
N Jaimovich - 2003
N Jaimovich… - 2007 - cepr.org
It is well known that the neoclassical model does not generate comovement among
macroeconomic aggregates in response to news about future total factor productivity. We
show that this problem is generally more severe in open economy versions of the ...
N Jaimovich, S Pruitt… - federalreserve.gov
Abstract: The employment and hours worked of young individuals fluctuate much more over
the business cycle than those of prime-aged individuals. Understanding the mechanism
underlying this observation is key to explaining the volatility of aggregate hours over the ...
Executive Summary In the first quarter of 2002, Argentina experienced a severe
macroeconomic crisis with a roughly 200% devaluation of the Peso and a 15% drop in real
output and consumption. In this note we describe a dataset from AC Nielsen's (scantrack ...
[CITATION] Equilibrium Indeterminacy and Income Effect
N Jaimovich
N Jaimovich… - 2006 - cepr.org
We propose a model that generates an economic expansion in response to good news
about future total factor productivity (TFP) or investment-specific technical change. The
model has three key elements: variable capital utilization, adjustment costs to investment, ...
G Corsetti, L Dedola, L Christiano, M Trabandt… - se1.isn.ch
PIERRE WERNER CHAIR PROGRAMME, ROBERT SCHUMAN FOR ADVANCED STUDIES
CO-ORGANIZED WITH THE NORTHWESTERN UNIVERSITY ... Villa La Fonte Via delle
Fontanelle, 10 San Domenico di Fiesole ... ① Are industrial countries consumption risks ...
N Jaimovich… - 2012 - faculty.arts.ubc.ca
Abstract Job polarization refers to the recent disappearance of employment in occupations
in the middle of the skill distribution. Jobless recoveries refers to the slow rebound in
aggregate employment following recent recessions, despite recoveries in aggregate ...
N Jaimovich… - 2006 - cepr.org
We explore the business cycle implications of expectation shocks and of two well-known
psychological biases, optimism and overconfidence. The expectations of optimistic agents
are biased toward good outcomes, while overconfident agents overestimate the precision ...
M Eichenbaum, N Jaimovich, S Rebelo… - 2012 - kellogg.northwestern.edu
Abstract Recent empirical work suggests that small price changes are relatively common.
These findings have been used to evaluate competing theories of nominal price rigidities. In
this paper we use micro data from the consumer price index and a scanner data set from a ...
L Barseghyan… - Working Papers, 2004 - economics.cornell.edu
Abstract Recently a number of countries have experienced a prolonged slowdown in
aggregate economic activity accompanied by a significant deterioration of the banksgnet
worth. This paper studies the optimal bank behavior when they are severely ...
M Gervais, N Jaimovich, HE Siu… - 2011 - faculty.arts.ubc.ca
Abstract The search-and-matching model of the labor market fails to match two important
business cycle facts:(i) a high volatility of unemployment relative to that of labor productivity,
and (ii) a mild correlation between these two variables. We address these shortcomings ...
N Jaimovich - 2004 - en.scientificcommons.org
Publikationsansicht. 44589690. The macroeconomics implications of firm dynamics and markup
variations. (2004). Jaimovich, Nir. Abstract. Thesis (Ph. D., Economics)--Northwestern University,
2004. Details der Publikation. Download, http://worldcat.org/oclc/56521711. ...
We assess the importance of nominal rigidities using a new weekly scanner data set from a
major US retailer, that contains information on prices, quantities, and costs for over 1,000
stores. We find that nominal rigidities are important but do not take the form of sticky prices ...
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