Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 96 for “"Recessions"”.
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Sovereign illiquidity and recessions
Motivated by the striking increase in sovereign spreads and the subsequent recession in Europe during 2011, I examine the importance of sovereign debt liquidity in a New Keynesian environment with wage rigidities and nancial frictions a la Kiyotaki and Moore (2012). My main ndings imply that, …
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Essays on Regional Recessions, Spatial Interactions and Forecasting
… employs this methodology to investigate how recessions propagated through small regional economies in the United States from 1990 to 2015. The empirical results identify regions that are potentially at risk of collective economic distress, which is useful for national and regional policy …
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Recessions, Recoveries and Regional Resilience: an econometric perspective
… permanent asymmetric effects of national-wide recessions across Italian regions during the last thirty years, by proposing the recent resilience framework as an helpful synthesis. Chapter III studies the determinants of the uneven cross-regional behaviour during crises and recoveries, by …
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Using Mixed Frequency Data to Forecast Recessions and GDP
… time series data should be used to forecast recessions in the US and Canada, as well as GDP in a selection of OECD countries. The first chapter combines daily and weekly financial data with monthly macroeconomic indicators in a mixed frequency probit (MFP) regression to forecast and nowcast …
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Hiring, recessions, and careers : three essays in personnel economics
… are scarce for young workers during recessions, and use theory and evidence to argue that this is due to firms choosing to hire more experienced workers instead. In the second chapter, I find that firms reallocate their employees between occupations during recessions, leading workers …
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Effects of recessions on price bubbles within experimental asset markets.
This paper looks at the effects of real-world recessions on price bubbles in asset market experiments with data from Palan (2013). In both non-parametric and random effects tests, recessions are found to increase the size and length of bubbles within these markets. This effect holds across the …
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Predicting The U.S. Recessions With Housing Starts In Dynamic Probit Models
… follohave reignited discussion about forecasting recessions. Most recessions have in fact been preceded by plummets in the housing industry in the U.S. history. The present study examines the predictive power of housing starts using dynamic probit models. The yield spread between the ten-year …
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Economics, recessions, and party decline : American parties in the fiscal state
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Political Science, 1992.
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Empiricism versus apriorism in macroeconomic research : is the current research paradigm of economics inherently incapable of predicting recessions
The sudden financial crash of 2008 and the failure of economists to adequately predict the crisis has raised the question of whether economics, as it is practiced today is capable of fulfilling its objectives of providing economic stability and growth. The basic premises of economic science, as …
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Canaries in the coal mine: Boosted machine learning for the classification of recessions in the eurozone business cycle
… early warning signals surrounding major European recessions is not just critical for the euro’s stability; it helps identify and prevent economic contagion, keeping a recession from spreading at the very first symptoms. From the introduction of the euro to the 2008 recession, the euro enjoyed a …
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Essays on Labor Market Frictions and Institutions
… unemployment insurance (UI) more generous during recessions. In this thesis I study the interaction between unemployment insurance policies and labor market dynamics in a macroeconomic context. The first chapter examines government commitment and its role in shaping the dynamics of optimal UI over …
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Three essays on the determinants of corporate cash holdings
… emphasis on how cash holdings vary during recessions. Findings confirm that cash holdings do vary over the business cycle. Upon further examination, corporate cash holdings initially decline during recessions but increase to levels at or above pre-crisis levels. In addition, cash holdings …
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Development of an econometric model for dynamic management of recession risk in equity portfolios : construction of an empirical measure of time-varying recession risk : estimation of cross-sectional differences in recession risk exposure among equities and associated differences in risk premia
Recessions are an inherent part of economic cycles. During the last decade we have experienced two extended periods of significant economic slowdown accompanied by major downturns in most of the asset classes and especially in equities. Investors during recessions suffer from severe losses and …
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Essays on the political economy of state government saving and the role of budget stabilization funds
… unstable states may be ill-prepared to deal with recessions relative to politically stable states. Chapter 4 of the dissertation examines the role that political stability and other factors have had on states' choices to adopt budget stabilization funds. The results provide evidence that states …
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Essays on Government Transfers and Labor Markets
… the family head. The response is even smaller in recessions when earnings losses are larger and additional insurance is most valuable. I investigate whether the small response is an outcome of crowding-out effects of existing government transfers. To accomplish this, I use an incomplete asset …
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Essays on Consumer Bankruptcy, Employment, Firm Dynamics, and Aging in the United States
… manufacturing employment concentrated in recessions. When the transition is computed with only investment-specific productivity, 18 percent of the decrease in low-skilled manufacturing employment is observed during recessions. When the transition is computed with both investment-specific …
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Diversionary temptations : presidential incentives and the political use of force
… intervention). Approval gains were higher during recessions, but losses occurred when prior approval was low for non-economic reasons (e.g., scandals). Diplomatic events produced slightly smaller benefits, conditioned by similar variables except for retaining their popularity during scandals. …
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Essays on Debt Maturity
… long-term debt to finance their productions. In recessions, future prospects are less clear to the entrepreneurs; therefore, they choose to use more short-term debt. The model explains the documented facts on pro-cyclical debt maturity in the economy. It also highlights that the shortening debt …
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