Equally shocking news
Recently the idea that business cycles can be driven purely by anticipated developments in the economy—so-called news shocks—has been usefully revived. In this note news shocks are investigated in the context of monetary policy rules designed to mitigate their effects.
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References listed on IDEAS
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- Beaudry, Paul & Dupaigne, Martial & Portier, Franck, 2009.
"Modeling News-Driven International Business Cycles,"
TSE Working Papers
09-117, Toulouse School of Economics (TSE).
- Paul Beaudry & Martial Dupaigne & Franck Portier, 2011. "Modeling News-Driven International Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(1), pages 72-91, January.
- Beaudry, Paul & Portier, Franck, 2001.
"An Exploration into Pigou's Theory of Cycles,"
CEPR Discussion Papers
2996, C.E.P.R. Discussion Papers.
- Guido Lorenzoni, 2009.
"A Theory of Demand Shocks,"
American Economic Review,
American Economic Association, vol. 99(5), pages 2050-84, December.
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"When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings?,"
IDEI Working Papers
304, Institut d'Économie Industrielle (IDEI), Toulouse.
- Beaudry, Paul & Portier, Franck, 2007. "When can changes in expectations cause business cycle fluctuations in neo-classical settings?," Journal of Economic Theory, Elsevier, vol. 135(1), pages 458-477, July.
- Paul Beaudry & Franck Portier, 2004. "When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings?," NBER Working Papers 10776, National Bureau of Economic Research, Inc.
- Beaudry, Paul & Portier, Franck, 2004. "When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings?," CEPR Discussion Papers 4628, C.E.P.R. Discussion Papers.
- Loisel, Olivier, 2009. "Bubble-free policy feedback rules," Journal of Economic Theory, Elsevier, vol. 144(4), pages 1521-1559, July.
- Bernardino Adao & Isabel Correia & Pedro Teles, 2011. "Unique Monetary Equilibria with Interest Rate Rules," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(3), pages 432-442, July.
- Barsky, Robert B. & Sims, Eric R., 2011. "News shocks and business cycles," Journal of Monetary Economics, Elsevier, vol. 58(3), pages 273-289.
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