Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18023
Full metadata record
DC FieldValueLanguage
dc.contributor.authorLucke, Bernden_US
dc.contributor.authorHaertel, Thomasen_US
dc.date.accessioned2009-01-28T15:06:11Z-
dc.date.available2009-01-28T15:06:11Z-
dc.date.issued2008en_US
dc.identifier.citation|aEconomics: The Open-Access, Open-Assessment E-Journal |v2 |h2008-10 |p1-21 |qdoi:10.5018/economics-ejournal.ja.2008-10-
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2008-10-
dc.identifier.urihttp://hdl.handle.net/10419/18023-
dc.description.abstractWe study the Beaudry and Portier (2006)-hypothesis of delayed-technology diffusion and news-driven business cycles. For German data on TFP and stock prices we find qualitatively similar empirical evidence. Quantitatively, however, an impulse response analysis suggests that a substantial part of the total TFP response is immediate rather than delayed. We relate this to disembodied technological change and noisy data on TFP. Nevertheless, we confirm the technology interpretation of structural shocks by showing that they are Granger-causal for data on patents granted by the German patent agency. We also show that these shocks generate comovement of macro variables at business cycle horizons and account for a sizable share of the forecast error variance of these variables in the medium and long run.en_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.subject.jelE32en_US
dc.subject.ddc330en_US
dc.subject.keywordNewsen_US
dc.subject.keywordbusiness cyclesen_US
dc.subject.keywordTFPen_US
dc.subject.keywordstructural VARen_US
dc.subject.stwTechnischer Fortschritten_US
dc.subject.stwProduktivitäten_US
dc.subject.stwInformationsverbreitungen_US
dc.subject.stwSchocken_US
dc.subject.stwKonjunkturen_US
dc.subject.stwVAR-Modellen_US
dc.subject.stwKausalanalyseen_US
dc.subject.stwDeutschlanden_US
dc.titleDo News Shocks Drive Business Cycles? Evidence from German Dataen_US
dc.typeArticleen_US
dc.identifier.ppn560132441en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifweej:7127-

Files in This Item:
File
Size
263.21 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.