dc.contributor.author | Furlanetto, Francesco | |
dc.contributor.author | Ravazzolo, Francesco | |
dc.contributor.author | Sarferaz, Samad | |
dc.date.accessioned | 2019-12-19T12:58:52Z | |
dc.date.available | 2019-12-19T12:58:52Z | |
dc.date.created | 2019-08-26T11:42:02Z | |
dc.date.issued | 2017 | |
dc.identifier.citation | Economic Journal. 2019, 129 (617), 311-337. | nb_NO |
dc.identifier.issn | 0013-0133 | |
dc.identifier.uri | http://hdl.handle.net/11250/2634157 | |
dc.description.abstract | We estimate demand, supply, monetary, investment and financial shocks in a VAR identified with a minimum set of sign restrictions on US data. We find that financial shocks are major drivers of fluctuations in output, stock prices and investment but have a limited effect on inflation. In a second step, we disentangle shocks originating in the housing sector, shocks originating in credit markets and uncertainty shocks. In the extended set‐up, financial shocks are even more important and a leading role is played by housing shocks that have large and persistent effects on output. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Oxford Uni. Press | nb_NO |
dc.title | Identification of financial factors in economic fluctuations | nb_NO |
dc.type | Journal article | nb_NO |
dc.type | Peer reviewed | nb_NO |
dc.description.version | acceptedVersion | nb_NO |
dc.rights.holder | Copyright policy of Oxford University Press, the publisher of this journal: The authors retain rights to “upload their accepted manuscript PDF ("a post-print*") to institutional and/or centrally organized repositories, but must stipulate that public availability be delayed until 24 months after first online publication in the journal.” | nb_NO |
dc.source.pagenumber | 311-337 | nb_NO |
dc.source.volume | 129 | nb_NO |
dc.source.journal | Economic Journal | nb_NO |
dc.source.issue | 617 | nb_NO |
dc.identifier.doi | 10.1111/ecoj.12520 | |
dc.identifier.cristin | 1718672 | |
cristin.unitcode | 158,3,0,0 | |
cristin.unitname | Institutt for samfunnsøkonomi | |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
cristin.qualitycode | 2 | |