There is a widespread belief that changes in expectations may be an important independent
driver of economic fluctuations. The news view of business cycles offers a formalization of …

We examine whether the news shocks, as explored in Beaudry and Portier (2004), can be a
major source of aggregate fluctuations. For this purpose, we extend a standard dynamic …

This article investigates the contribution of sentiment shocks to US fluctuations in a Structural
VAR setup with restrictions at various frequencies. Sentiments shocks are identified as …

While news shocks are believed to be instrumental in explaining business cycles, many
existing models fail to predict a boom in consumption, investment, employment, output and …

This paper reexamines the question of how to explain business cycle co-movements within
and between countries. First, we present a simple flexible price models to illustrate how and …

Este artículo estudia las implicaciones macroeconómicas sobre la actividad, la inversión y el
empleo de la dinámica de las expectativas empresariales. Se pone a prueba la hipótesis de …

This study investigates the effects of fiscal policy on macroeconomic dynamics in Japan with
a particular focus on the effects of anticipated fiscal policy shock and the recent policies of …

政府制定经济目标的影响*——来自中国的证据 主管:中华人民共和国教育部 主办:中国人民大学
ISSN 1000-596X CN 11-1517/F 首页 期刊介绍 在线期刊 最新录用 当期目录 过刊浏览 阅读排行 …

This paper assesses the time series properties of rational expectations models with news
shocks. We show that news shocks allows to substantially improve the dynamic behavior of …

Timely GDP announcements seem to be a useful approach for communicating immediate
macroeconomic conditions; however, inaccuracy might instead trigger financial market …