Real-business-cycle models and the forecastable movements in output, hours, and consumption

Article Abstract:

The standard growth model does not conform to the predictable movements in output, consumption and hours of a business cycle. The models do not forecast the extent of the predictable changes and their characteristics even with the use of parameter value beyond the average range of real-business-cycle studies. Reasons for the inconsistency include other disturbances aside from technology shocks and different serial-correlation properties of technology shocks.

Business forecasting

---

True measures of GDP and convergence

Article Abstract:

Constant price GDP measures are not true quantity indexes because they are prone to substitution bias and they distort income level measurements of convergence and divergence. The Ideal Afriat Index is proposed as a new multilateral index that establishes limits to the variance of true quantity indexes. Findings reveal that constant price indexes of GDP are inclined to misinterpret the measurement of convergence in true GDP with convergence in prices.

Economics, Research and Development in the Social Sciences and Humanities, Convergence (Mathematics), Index numbers (Economics), Purchasing power

---

Stochastic technical progress, smooth trends, and nearly distinct business cycles

Article Abstract:

The impact of technical progress on in a slow technical progress situation is studied. The trends of business cycles are observed.

Forecasts, trends, outlooks, Usage, Forecasts and trends, Market trend/market analysis, Technology, Technology in education

Similar abstracts:

• Abstracts: Real business cycles, investment finance, and multiple equilibria. The performance of credit markets under asymmetric information about project means and variances
• Abstracts: Asymmetric business cycle turning points. Intermediate inputs and sectoral comovement in the business cycle. Monopolistic competition, increasing returns to scale, and the importance of productivity shocks
• Abstracts: Money demand and the relative price of capital goods in hyperinflations. Redistribution through education and other transfer mechanisms
• Abstracts: Decomposition of productivity and unit costs. Does foreign direct investment increase the productivity of domestic firms?
• Abstracts: Maps of bounded rationality: psychology for behavioral economics. Time series analysis, cointegration, and applications

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.