Eintrag weiter verarbeiten

Fat-Tail Distributions and Business-Cycle Models

Personen und Körperschaften: Ascari, Guido (Verfasser*in), Fagiolo, Giorgio (Verfasser*in), Roventini, Andrea (Verfasser*in)
Titel: Fat-Tail Distributions and Business-Cycle Models/ Guido Ascari; Giorgio Fagiolo; Andrea Roventini
Sprache: English
veröffentlicht:
Pavia University of Pavia, Department of Economics and Quantitative Methods 2012
Gesamtaufnahme: Università degli Studi di Pavia: Quaderni del Dipartimento ; 157.2012
Beschreibung: Online-Ressource
Format: Systemvoraussetzungen: Acrobat Reader.
LEADER 02497cam a2200493 4500
001 0-783567596
003 DE-627
005 20220717124335.0
007 cr uuu---uuuuu
008 140422s2012 it |||||o 00| ||eng c
024 7 |a 10419/95259  |2 hdl 
035 |a (DE-627)783567596 
035 |a (DE-576)9783567594 
035 |a (DE-599)GBV783567596 
035 |a (OCoLC)931532238 
040 |a DE-627  |b ger  |c DE-627  |e rakwb 
041 |a eng 
044 |c XA-IT 
082 0 4 |a 330 
084 |a C1  |a E3  |2 JEL 
100 1 |a Ascari, Guido  |4 aut 
245 1 0 |a Fat-Tail Distributions and Business-Cycle Models  |c Guido Ascari; Giorgio Fagiolo; Andrea Roventini 
264 1 |a Pavia  |b University of Pavia, Department of Economics and Quantitative Methods  |c 2012 
300 |a Online-Ressource 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
490 1 |a Quaderni di Dipartimento  |v 157 
520 |a Recent empirical findings suggest that macroeconomic variables are seldom normally dis- tributed. For example, the distributions of aggregate output growth-rate time series of many OECD countries are well approximated by symmetric exponential-power (EP) den- sities, with Laplace fat tails. In this work, we assess whether Real Business Cycle (RBC) and standard medium-scale New-Keynesian (NK) models are able to replicate this sta- tistical regularity. We simulate both models drawing Gaussian- vs Laplace-distributed shocks and we explore the statistical properties of simulated time series. Our results cast doubts on whether RBC and NK models are able to provide a satisfactory representation of the transmission mechanisms linking exogenous shocks to macroeconomic dynamics. 
538 |a Systemvoraussetzungen: Acrobat Reader. 
655 4 |a Online-Publikation  |5 DE-206 
700 1 |a Fagiolo, Giorgio  |4 aut 
700 1 |a Roventini, Andrea  |4 aut 
810 2 |a Università degli Studi di Pavia  |b Dipartimento di Economia Politica e Metodi Quantitativi  |t Quaderni del Dipartimento  |v 157.2012  |9 157  |w (DE-627)778370186  |w (DE-576)40102816X  |w (DE-600)2755369-3  |x 2279-7807 
856 4 0 |u http://hdl.handle.net/10419/95259  |x Resolving-System  |z kostenfrei  |3 Volltext 
951 |a BO 
856 4 0 |u http://hdl.handle.net/10419/95259  |9 LFER 
852 |a LFER  |z 2019-07-15T00:00:00Z 
970 |c OD 
971 |c EBOOK 
972 |c EBOOK 
973 |c EB 
935 |a lfer 
980 |a 783567596  |b 0  |k 783567596  |o 9783567594  |c lfer 
openURL url_ver=Z39.88-2004&ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fvufind.svn.sourceforge.net%3Agenerator&rft.title=Fat-Tail+Distributions+and+Business-Cycle+Models&rft.date=2012&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.creator=Ascari%2C+Guido&rft.pub=University+of+Pavia%2C+Department+of+Economics+and+Quantitative+Methods&rft.format=eBook&rft.language=English
SOLR
_version_ 1757990390224388096
access_facet Electronic Resources
author Ascari, Guido, Fagiolo, Giorgio, Roventini, Andrea
author_facet Ascari, Guido, Fagiolo, Giorgio, Roventini, Andrea
author_role aut, aut, aut
author_sort Ascari, Guido
author_variant g a ga, g f gf, a r ar
callnumber-sort
collection lfer
contents Recent empirical findings suggest that macroeconomic variables are seldom normally dis- tributed. For example, the distributions of aggregate output growth-rate time series of many OECD countries are well approximated by symmetric exponential-power (EP) den- sities, with Laplace fat tails. In this work, we assess whether Real Business Cycle (RBC) and standard medium-scale New-Keynesian (NK) models are able to replicate this sta- tistical regularity. We simulate both models drawing Gaussian- vs Laplace-distributed shocks and we explore the statistical properties of simulated time series. Our results cast doubts on whether RBC and NK models are able to provide a satisfactory representation of the transmission mechanisms linking exogenous shocks to macroeconomic dynamics.
ctrlnum (DE-627)783567596, (DE-576)9783567594, (DE-599)GBV783567596, (OCoLC)931532238
dewey-full 330
dewey-hundreds 300 - Social sciences
dewey-ones 330 - Economics
dewey-raw 330
dewey-search 330
dewey-sort 3330
dewey-tens 330 - Economics
facet_avail Online, Free
finc_class_facet Soziologie, Wirtschaftswissenschaften
fincclass_txtF_mv economics
format eBook
format_access_txtF_mv Book, E-Book
format_de105 Ebook
format_de14 Book, E-Book
format_de15 Book, E-Book
format_del152 Buch
format_detail_txtF_mv text-online-monograph-independent
format_dezi4 e-Book
format_finc Book, E-Book
format_legacy ElectronicBook
format_legacy_nrw Book, E-Book
format_nrw Book, E-Book
format_strict_txtF_mv E-Book
genre Online-Publikation DE-206
genre_facet Online-Publikation
geogr_code not assigned
geogr_code_person not assigned
hierarchy_parent_id 0-778370186
hierarchy_parent_title Università degli Studi di Pavia: Quaderni del Dipartimento
hierarchy_sequence 157
hierarchy_top_id 0-778370186
hierarchy_top_title Università degli Studi di Pavia: Quaderni del Dipartimento
id 0-783567596
illustrated Not Illustrated
imprint Pavia, University of Pavia, Department of Economics and Quantitative Methods, 2012
imprint_str_mv Pavia: University of Pavia, Department of Economics and Quantitative Methods, 2012
institution DE-D117, DE-105, LFER, DE-Ch1, DE-15, DE-14, DE-L242, DE-Zwi2
is_hierarchy_id 0-783567596
is_hierarchy_title Fat-Tail Distributions and Business-Cycle Models
isil_str_mv LFER
issn_isn_mv 2279-7807
kxp_id_str 783567596
language English
last_indexed 2023-02-16T12:24:42.871Z
marc024a_ct_mv 10419/95259
match_str ascari2012fattaildistributionsandbusinesscyclemodels
mega_collection Verbunddaten SWB, Lizenzfreie Online-Ressourcen
misc_de105 EBOOK
multipart_link 40102816X
multipart_part (40102816X)157.2012
oclc_num 931532238
physical Online-Ressource
publishDate 2012
publishDateSort 2012
publishPlace Pavia
publisher University of Pavia, Department of Economics and Quantitative Methods
record_format marcfinc
record_id 9783567594
recordtype marcfinc
rvk_facet No subject assigned
series Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi, Quaderni del Dipartimento, 157.2012
series2 Quaderni di Dipartimento ; 157
source_id 0
spelling Ascari, Guido aut, Fat-Tail Distributions and Business-Cycle Models Guido Ascari; Giorgio Fagiolo; Andrea Roventini, Pavia University of Pavia, Department of Economics and Quantitative Methods 2012, Online-Ressource, Text txt rdacontent, Computermedien c rdamedia, Online-Ressource cr rdacarrier, Quaderni di Dipartimento 157, Recent empirical findings suggest that macroeconomic variables are seldom normally dis- tributed. For example, the distributions of aggregate output growth-rate time series of many OECD countries are well approximated by symmetric exponential-power (EP) den- sities, with Laplace fat tails. In this work, we assess whether Real Business Cycle (RBC) and standard medium-scale New-Keynesian (NK) models are able to replicate this sta- tistical regularity. We simulate both models drawing Gaussian- vs Laplace-distributed shocks and we explore the statistical properties of simulated time series. Our results cast doubts on whether RBC and NK models are able to provide a satisfactory representation of the transmission mechanisms linking exogenous shocks to macroeconomic dynamics., Systemvoraussetzungen: Acrobat Reader., Online-Publikation DE-206, Fagiolo, Giorgio aut, Roventini, Andrea aut, Università degli Studi di Pavia Dipartimento di Economia Politica e Metodi Quantitativi Quaderni del Dipartimento 157.2012 157 (DE-627)778370186 (DE-576)40102816X (DE-600)2755369-3 2279-7807, http://hdl.handle.net/10419/95259 Resolving-System kostenfrei Volltext, http://hdl.handle.net/10419/95259 LFER, LFER 2019-07-15T00:00:00Z
spellingShingle Ascari, Guido, Fagiolo, Giorgio, Roventini, Andrea, Fat-Tail Distributions and Business-Cycle Models, Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi, Quaderni del Dipartimento, 157.2012, Recent empirical findings suggest that macroeconomic variables are seldom normally dis- tributed. For example, the distributions of aggregate output growth-rate time series of many OECD countries are well approximated by symmetric exponential-power (EP) den- sities, with Laplace fat tails. In this work, we assess whether Real Business Cycle (RBC) and standard medium-scale New-Keynesian (NK) models are able to replicate this sta- tistical regularity. We simulate both models drawing Gaussian- vs Laplace-distributed shocks and we explore the statistical properties of simulated time series. Our results cast doubts on whether RBC and NK models are able to provide a satisfactory representation of the transmission mechanisms linking exogenous shocks to macroeconomic dynamics., Online-Publikation
swb_id_str 9783567594
title Fat-Tail Distributions and Business-Cycle Models
title_auth Fat-Tail Distributions and Business-Cycle Models
title_full Fat-Tail Distributions and Business-Cycle Models Guido Ascari; Giorgio Fagiolo; Andrea Roventini
title_fullStr Fat-Tail Distributions and Business-Cycle Models Guido Ascari; Giorgio Fagiolo; Andrea Roventini
title_full_unstemmed Fat-Tail Distributions and Business-Cycle Models Guido Ascari; Giorgio Fagiolo; Andrea Roventini
title_in_hierarchy 157.2012. Fat-Tail Distributions and Business-Cycle Models (2012)
title_short Fat-Tail Distributions and Business-Cycle Models
title_sort fat tail distributions and business cycle models
topic Online-Publikation
topic_facet Online-Publikation
url http://hdl.handle.net/10419/95259