Essays about: "transitory shocks"

Showing result 6 - 8 of 8 essays containing the words transitory shocks.

  1. 6. The Great Moderation and the Great Recession - Macroeconomic Volatility in the United States, the United Kingdom, and Sweden

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Martin Rassl; Christian Siebert; [2015]
    Keywords : business cycle; volatility; structural change; Great Moderation; Great Recession;

    Abstract : During the Great Recession between 2007 and 2009, the economies of the United States, the United Kingdom, and Sweden experienced increased levels of macroeconomic volatility. This same volatility had undergone a marked decrease in the United States and the United Kingdom beginning in the 1980s - a phenomenon known as the Great Moderation. READ MORE

  3. 7. A Conditional Analysis of Liquidity on Quality in the U.S. Corporate Bond Universe

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Arwed Ebner; Paul Schempp; [2014]
    Keywords : Liquidity; Corporate Bonds; Markov Regime-Switching Models; Flight-to-Quality; Credit Quality;

    Abstract : Why are high-yield bonds more severely hit by large liquidity dry outs than investment grade bonds? This study investigates the effects of liquidity shocks on returns in the U.S. corporate bond market during times of heightened liquidity stress, using a comprehensive data set of 13,500 bonds between October 2004 and September 2013. READ MORE

  4. 8. Determinants of Poverty in Rural Ethiopia: A Household Level Analysis

    University essay from Lunds universitet/Ekonomisk-historiska institutionen

    Author : Ahmed Mohammed Awel; [2013]
    Keywords : poverty dynamics; state dependence; transitory shocks; Business and Economics;

    Abstract : This paper investigates the dynamics of poverty in rural Ethiopia during the period from 1994 to 2009. In order to explore factors that decisively affect the possibility of falling into and exiting out of poverty, the paper uses six rounds of data and employs alternative dynamic probit model which handles the problem of serial correlation, unobserved individual heterogeneity, state dependence and the initial conditions problem. READ MORE