Procyclical prices: a demi-myth?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Finn E. Kydland & Edward C. Prescott, 1990. "Business cycles: real facts and a monetary myth," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 14(Spr), pages 3-18.
- Edward C. Prescott, 1986. "Response to a skeptic," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 10(Fall), pages 28-33.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Joseph Haslag & William Brock, 2014. "On Understanding the Cyclical Behavior of the Price Level and Inflation," Working Papers 1404, Department of Economics, University of Missouri, revised 01 Jul 2014.
- Pakko, Michael R, 2000.
"The Cyclical Relationship between Output and Prices: An Analysis in the Frequency Domain,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(3), pages 382-399, August.
- Michael R. Pakko, 1997. "The cyclical relationship between output and prices: an analysis in the frequency domain," Working Papers 1997-007, Federal Reserve Bank of St. Louis.
- William T. Gavin & Finn E. Kydland, 2000.
"The nominal facts and the October 1979 policy change,"
Review, Federal Reserve Bank of St. Louis, vol. 82(Nov), pages 39-61.
- William T. Gavin & Finn E. Kydland, 2000. "The nominal facts and the October 1979 policy change," Working Papers 2000-013, Federal Reserve Bank of St. Louis.
- James Peery Cover & C. James Hueng, 2006. "Why Did the Sign of the Price-Output Correlation Change? Evidence from a Structural VAR with GARCH Errors," Working Papers 200602, Ball State University, Department of Economics, revised Mar 2006.
- Ravn, Morten O. & Sola, Martin, 1995. "Stylized facts and regime changes: Are prices procyclical?," Journal of Monetary Economics, Elsevier, vol. 36(3), pages 497-526, December.
- Gatti, Domenico Delli & Gallegati, Marco & Gallegati, Mauro, 2005. "On the nature and causes of business fluctuations in Italy, 1861-2000," Explorations in Economic History, Elsevier, vol. 42(1), pages 81-100, January.
- David Smant, 1996. "Re-examining the cyclical behaviour of prices and output," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 132(4), pages 651-674, December.
- Brock, William A. & Haslag, Joseph H., 2016. "A tale of two correlations: Evidence and theory regarding the phase shift between the price level and output," Journal of Economic Dynamics and Control, Elsevier, vol. 67(C), pages 40-57.
- Nicholas APERGIS, 1996. "The Cyclical Behavior Of Prices: Evidence From Seven Developing Countries," The Developing Economies, Institute of Developing Economies, vol. 34(2), pages 204-211, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Afanasyev, Dmitriy O. & Fedorova, Elena A. & Popov, Viktor U., 2015.
"Fine structure of the price–demand relationship in the electricity market: Multi-scale correlation analysis,"
Energy Economics, Elsevier, vol. 51(C), pages 215-226.
- Afanasyev, Dmitriy & Fedorova, Elena & Popov, Viktor, 2014. "Fine structure of the price-demand relationship in the electricity market: multi-scale correlation analysis," MPRA Paper 58827, University Library of Munich, Germany.
- Victor Dorofeenko & Gabriel S. Lee & Kevin D. Salyer, 2008.
"Time‐Varying Uncertainty And The Credit Channel,"
Bulletin of Economic Research, Wiley Blackwell, vol. 60(4), pages 375-403, October.
- Kevin D. Salyer & Gabriel Lee, 2002. "Time Varying Uncertainty and the Credit Channel," Computing in Economics and Finance 2002 137, Society for Computational Economics.
- Kevin Salyer & Gabriel Lee, 2006. "Time-Varying Uncertainty and the Credit Channel," Working Papers 189, University of California, Davis, Department of Economics.
- Kevin Salyer & Gabriel S. Lee, 2004. "Time-Varying Uncertainty and the Credit Channel," Working Papers 290, University of California, Davis, Department of Economics.
- Dorofeenko, Victor & Lee, Gabriel S. & Salyer, Kevin D., 2002. "Time-Varying Uncertainty and the Credit Channel," Economics Series 118, Institute for Advanced Studies.
- Apostolos Serletis & Ricardo Rangel-Ruiz, 2007.
"Testing for Common Features in North American Energy Markets,"
World Scientific Book Chapters, in: Quantitative And Empirical Analysis Of Energy Markets, chapter 14, pages 172-187,
World Scientific Publishing Co. Pte. Ltd..
- Serletis, Apostolos & Rangel-Ruiz, Ricardo, 2004. "Testing for common features in North American energy markets," Energy Economics, Elsevier, vol. 26(3), pages 401-414, May.
- Jahangir Aziz & Luc Leruth, 1999. "Cyclical Effects of the Composition of Government Purchases," Macroeconomics 9902007, University Library of Munich, Germany.
- repec:zbw:bofrdp:1995_027 is not listed on IDEAS
- Rafal Kasperowicz, 2010. "Identification Of Industrial Cycle Leading Indicators Using Causality Test," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 5(2), pages 47-59, December.
- Henriksen, Espen & Kydland, Finn E. & Šustek, Roman, 2013.
"Globally correlated nominal fluctuations,"
Journal of Monetary Economics, Elsevier, vol. 60(6), pages 613-631.
- Espen Henriksen & Finn E. Kydland & Roman Sustek, 2009. "Globally Correlated Nominal Fluctuations," NBER Working Papers 15123, National Bureau of Economic Research, Inc.
- Geng, Jiang-Bo & Ji, Qiang & Fan, Ying, 2016. "The behaviour mechanism analysis of regional natural gas prices: A multi-scale perspective," Energy, Elsevier, vol. 101(C), pages 266-277.
- Rui Castro & Gian Luca Clementi & Glenn Macdonald, 2009.
"Legal Institutions, Sectoral Heterogeneity, and Economic Development,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 76(2), pages 529-561.
- Rui Castro & Gian Luca Clementi & Glenn MacDonald, 2004. "Legal Institutions, Sectoral Heterogeneity, and Economic Development," 2004 Meeting Papers 162, Society for Economic Dynamics.
- CASTRO, Rui & CLEMENTI, Gian Luca & MACDONALD, Glenn, 2009. "Legal Institutions, Sectoral Heterogeneity, and Economic Development," Cahiers de recherche 09-2009, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Rui Castro & Gian Luca Clementi & Glenn McDonald, 2007. "Legal Institutions, Sectoral Heterogeneity, and Economic Development," Working Paper series 05_07, Rimini Centre for Economic Analysis.
- CASTRO, Rui & CLEMENTI, Gian Luca & MACDONALD, Glenn, 2009. "Legal Institutions, Sectoral Heterogeneity, and Economic Development," Cahiers de recherche 2009-08, Universite de Montreal, Departement de sciences economiques.
- Rui Castro & Gian Luca Clementi & Glenn MacDonald, 2005. "Legal Institutions, Sectoral Heterogeneity, and Economic Development," Working Papers 05-20, New York University, Leonard N. Stern School of Business, Department of Economics.
- Francis Bismans & Christelle Mougeot, 2009. "Austrian business cycle theory: Empirical evidence," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(3), pages 241-257, September.
- Thomas Dalsgaard & Jørgen Elmeskov & Cyn-Young Park, 2002.
"Ongoing changes in the business cycle - evidence and causes,"
SUERF Studies,
SUERF - The European Money and Finance Forum, number 20 edited by Morten Balling, May.
- Thomas Dalsgaard & Jørgen Elmeskov & Cyn-Young Park, 2002. "Ongoing Changes in the Business Cycle: Evidence and Causes," OECD Economics Department Working Papers 315, OECD Publishing.
- Angelos VOULDIS & Panayotis MICHAELIDES & John MILIOS, 2008. "Do Technology Shocks affect Output and Profitability over the Business Cycle in Greece (1960-2008)?," EcoMod2008 23800152, EcoMod.
- Stéphane Pallage & Michel A. Robe, 2001.
"Foreign Aid and the Business Cycle,"
Review of International Economics, Wiley Blackwell, vol. 9(4), pages 641-672, November.
- Stephane Pallage & Michel Robe, 1998. "Foreign Aid and the Business Cycle," Cahiers de recherche CREFE / CREFE Working Papers 63, CREFE, Université du Québec à Montréal.
- Michel A. Robe & Stephane Pallage, 2000. "Foreign Aid And The Business Cycle," Computing in Economics and Finance 2000 107, Society for Computational Economics.
- Karin Jürgensen & Francisco Rosende, "undated". "Hayek y el Ciclo Económico: Una Revisión a la Luz de la Macroeconomía Moderna," Documentos de Trabajo 154, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Gomme, Paul & Greenwood, Jeremy, 1995.
"On the cyclical allocation of risk,"
Journal of Economic Dynamics and Control, Elsevier, vol. 19(1-2), pages 91-124.
- Gomme, P. & Greenwood, J., 1992. "On the Cyclical Allocation of Risk," University of Western Ontario, Departmental Research Report Series 9205, University of Western Ontario, Department of Economics.
- Gomme, P. & Greenwood, J., 1993. "On the Cyclical Allocation of Risk," RCER Working Papers 355, University of Rochester - Center for Economic Research (RCER).
- Paul Gomme & Jeremy Greenwood, 1992. "On the cyclical allocation of risk," Discussion Paper / Institute for Empirical Macroeconomics 71, Federal Reserve Bank of Minneapolis.
- Greg Hannsgen, 2004.
"Gibson’s Paradox, Monetary Policy, and the Emergence of Cycles,"
Macroeconomics
0407029, University Library of Munich, Germany.
- Greg Hannsgen, 2004. "Gibson's Paradox, Monetary Policy, and the Emergence of Cycles," Economics Working Paper Archive wp_410, Levy Economics Institute.
- Daehaeng Kim & Chul-In Lee, 2007. "On-the-Job Human Capital Accumulation in a Real Business Cycle Model: Implications for Intertemporal Substitution Elasticity and Labor Hoarding," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 10(3), pages 494-518, July.
- Aleksandar Vasilev, 2013.
"Cyclical and welfare effects of public sector unions in a Real-Business-Cycle model,"
Working Papers
2013_19, Business School - Economics, University of Glasgow.
- Vasilev, Aleksandar, 2013. "Cyclical and Welfare Effects of Public Sector Unions in a Real-Business-Cycle Model," SIRE Discussion Papers 2013-83, Scottish Institute for Research in Economics (SIRE).
- Vasilev, Aleksandar, 2013. "Cyclical and welfare effects of public sector unions in a Real-Business-Cycle model," EconStor Preprints 142337, ZBW - Leibniz Information Centre for Economics.
- Mathilde Aubry & Jean Bonnet & Patricia Renou-Maissant, 2015.
"Entrepreneurship and the business cycle: the “Schumpeter” effect versus the “refugee” effect—a French appraisal based on regional data,"
The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(1), pages 23-55, January.
- Mathilde Aubry & Jean Bonnet & Patricia Renou-Maissant, 2015. "Entrepreneurship and the business cycle: the “Schumpeter” effect versus the “refugee” effect—a French appraisal based on regional data," Post-Print halshs-01101962, HAL.
- Rahman, Pk. Md. Motiur & Yamagata, Tatsufumi, 2004. "Business Cycles and Seasonal Cycles in Bangladesh," IDE Discussion Papers 1, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- João Valle e Azevedo, 2002. "Business Cycles: Cyclical Comovement Within the European Union in the Period 1960-1999. A Frequency Domain Approach," Working Papers w200205, Banco de Portugal, Economics and Research Department.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedmqr:y:1991:i:spr:p:25-28:n:v.15no.2. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kate Hansel (email available below). General contact details of provider: https://edirc.repec.org/data/cfrbmus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.