메뉴 건너뛰기




Volumn 57, Issue 2, 2005, Pages 262-282

Growth, cycles, and stabilization policy

Author keywords

[No Author keywords available]

Indexed keywords

BUSINESS CYCLE; ECONOMIC GROWTH; MONETARY POLICY; WELFARE ECONOMICS;

EID: 16344364919     PISSN: 00307653     EISSN: None     Source Type: Journal    
DOI: 10.1093/oep/gpi012     Document Type: Article
Times cited : (41)

References (51)
  • 1
    • 0032365525 scopus 로고    scopus 로고
    • On the virtue of bad times: An analysis of the interaction between economic fluctuations and productivity growth
    • Aghion, P. and Saint-Paul, P. (1998a) On the virtue of bad times: an analysis of the interaction between economic fluctuations and productivity growth, Macroeconomic Dynamics, 2, 322-44.
    • (1998) Macroeconomic Dynamics , vol.2 , pp. 322-344
    • Aghion, P.1    Saint-Paul, P.2
  • 2
    • 0031824645 scopus 로고    scopus 로고
    • Uncovering some causal relationships between productivity growth and the structure of economic fluctuations: A tentative survey
    • Aghion, P. and Saint-Paul, P. (1998b) Uncovering some causal relationships between productivity growth and the structure of economic fluctuations: a tentative survey, Labour, 12, 279-303.
    • (1998) Labour , vol.12 , pp. 279-303
    • Aghion, P.1    Saint-Paul, P.2
  • 3
    • 0002900477 scopus 로고
    • Reconsidering the costs of business cycles with incomplete markets
    • Atkeson, A. and Phelan, C. (1994) Reconsidering the costs of business cycles with incomplete markets, NBER Macroeconomics Annual 187-207.
    • (1994) NBER Macroeconomics Annual , pp. 187-207
    • Atkeson, A.1    Phelan, C.2
  • 4
    • 1342343858 scopus 로고    scopus 로고
    • The costs of business cycles under endogenous growth
    • mimeo, Department of Economics, Northwestern University
    • Barlevy, G. (2002) The costs of business cycles under endogenous growth, mimeo, Department of Economics, Northwestern University.
    • (2002)
    • Barlevy, G.1
  • 5
    • 0034916064 scopus 로고    scopus 로고
    • The costs of business cycles and the stabilisation value of unemployment insurance
    • Beaudry, P. and Pages, C. (2001) The costs of business cycles and the stabilisation value of unemployment insurance, European Economic Review, 45, 1545-72.
    • (2001) European Economic Review , vol.45 , pp. 1545-1572
    • Beaudry, P.1    Pages, C.2
  • 6
    • 58149365109 scopus 로고
    • Money and wage contracts in an optimising model of the business cycle
    • Benassy, J-P. (1995) Money and wage contracts in an optimising model of the business cycle, Journal of Monetary Economics, 35, 303-15.
    • (1995) Journal of Monetary Economics , vol.35 , pp. 303-315
    • Benassy, J-P.1
  • 7
    • 0032914981 scopus 로고    scopus 로고
    • Can stabilisation policy reduce long-run growth?
    • Blackburn, K. (1999) Can stabilisation policy reduce long-run growth?, Economic Journal, 109, 67-77.
    • (1999) Economic Journal , vol.109 , pp. 67-77
    • Blackburn, K.1
  • 8
    • 0037410373 scopus 로고    scopus 로고
    • Growth, volatility and learning
    • Blackburn, K. and Galindev, R. (2003) Growth, volatility and learning, Economics Letters, 79, 417-21.
    • (2003) Economics Letters , vol.79 , pp. 417-421
    • Blackburn, K.1    Galindev, R.2
  • 9
    • 1342333081 scopus 로고    scopus 로고
    • On the relationship between growth and volatility
    • Blackburn, K. and Pelloni, A. (2004) On the relationship between growth and volatility, Economics Letters, 83, 123-128.
    • (2004) Economics Letters , vol.83 , pp. 123-128
    • Blackburn, K.1    Pelloni, A.2
  • 11
    • 0043033632 scopus 로고    scopus 로고
    • Business cycles in a two sector model of endogenous growth
    • mimeo, Centre for Economic Research, University of Tilburg
    • Canton, E. (1996) Business cycles in a two sector model of endogenous growth, mimeo, Centre for Economic Research, University of Tilburg.
    • (1996)
    • Canton, E.1
  • 12
    • 0030445140 scopus 로고    scopus 로고
    • The relationship between output variabiity and growth: Evidence from post-war UK data
    • Caporale, T. and McKiernan, B. (1996) The relationship between output variabiity and growth: evidence from post-war UK data, Scottish Journal of Political Economy, 43, 229-36.
    • (1996) Scottish Journal of Political Economy , vol.43 , pp. 229-236
    • Caporale, T.1    McKiernan, B.2
  • 13
    • 0002954411 scopus 로고
    • The business cycle with nominal contracts
    • Cho, J.O. and Cooley, T.F. (1995) The business cycle with nominal contracts, Economic Theory, 6, 13-33.
    • (1995) Economic Theory , vol.6 , pp. 13-33
    • Cho, J.O.1    Cooley, T.F.2
  • 14
    • 0031565682 scopus 로고    scopus 로고
    • The link between volatility and growth: Evidence from the states
    • Dawson, J.W. and Stephenson, E.F. (1997) The link between volatility and growth: evidence from the states, Economics Letters 55, 365-69.
    • (1997) Economics Letters , vol.55 , pp. 365-369
    • Dawson, J.W.1    Stephenson, E.F.2
  • 15
    • 0001889872 scopus 로고    scopus 로고
    • Risk preferences and the welfare cost of business cycles
    • Dolmas, J. (1998) Risk preferences and the welfare cost of business cycles, Review of Economic Dynamics, 1, 646-76.
    • (1998) Review of Economic Dynamics , vol.1 , pp. 646-676
    • Dolmas, J.1
  • 16
    • 0000842716 scopus 로고    scopus 로고
    • Inflation, uncertainty and growth in a cash-in-advance economy
    • Dotsey, M. and Sarte, P.D. (2000) Inflation, uncertainty and growth in a cash-in-advance economy, Journal of Monetary Economics 45, 631-55.
    • (2000) Journal of Monetary Economics , vol.45 , pp. 631-655
    • Dotsey, M.1    Sarte, P.D.2
  • 17
    • 0038849743 scopus 로고    scopus 로고
    • On endogenous growth under uncertainty
    • de Hek, P.A. (1999) On endogenous growth under uncertainty, International Economic Review, 40, 727-44.
    • (1999) International Economic Review , vol.40 , pp. 727-744
    • de Hek, P.A.1
  • 18
    • 0041584466 scopus 로고
    • The conduct of monetary policy and the natural rate of unemployment
    • Evans, G.W. (1989) The conduct of monetary policy and the natural rate of unemployment, Journal of Money, Credit and Banking, 21, 498-507.
    • (1989) Journal of Money, Credit and Banking , vol.21 , pp. 498-507
    • Evans, G.W.1
  • 19
    • 0039870348 scopus 로고    scopus 로고
    • Endogenous growth and stochastic trends
    • Fatas, A. (2000) Endogenous growth and stochastic trends, Journal of Monetary Economics, 45, 107-28.
    • (2000) Journal of Monetary Economics , vol.45 , pp. 107-128
    • Fatas, A.1
  • 20
    • 0000327579 scopus 로고
    • Long-term contracts, rational expectations and the optimal money supply rule
    • Fischer, S. (1977) Long-term contracts, rational expectations and the optimal money supply rule, Journal of Political Economy, 85, 163-90.
    • (1977) Journal of Political Economy , vol.85 , pp. 163-190
    • Fischer, S.1
  • 21
    • 0000198452 scopus 로고    scopus 로고
    • Technology, employment and the business cycle: Do technology shocks explain aggregate fluctuations?
    • Gali, J. (1999) Technology, employment and the business cycle: do technology shocks explain aggregate fluctuations?, American Economic Review, 89, 249-71.
    • (1999) American Economic Review , vol.89 , pp. 249-271
    • Gali, J.1
  • 22
    • 0001461668 scopus 로고
    • Wage indexation: A maroeconomic approach
    • Gray, J. (1976) Wage indexation: a maroeconomic approach, Journal of Monetary Economics, 2, 221-35.
    • (1976) Journal of Monetary Economics , vol.2 , pp. 221-235
    • Gray, J.1
  • 23
    • 0034400970 scopus 로고    scopus 로고
    • The effects of real and nominal uncertainty on inflation and output growth: Some Garch-M evidence
    • Grier, K.B. and Perry, M.J. (2000) The effects of real and nominal uncertainty on inflation and output growth: some Garch-M evidence, Journal of Applied Econometrics, 15, 45-58.
    • (2000) Journal of Applied Econometrics , vol.15 , pp. 45-58
    • Grier, K.B.1    Perry, M.J.2
  • 24
    • 0000904473 scopus 로고
    • An empirical analysis of cross-national economic growth, 1951-1980
    • Grier, K.B. and Tullock, G. (1989) An empirical analysis of cross-national economic growth, 1951-1980, Journal of Monetary Economics, 24, 259-76.
    • (1989) Journal of Monetary Economics , vol.24 , pp. 259-276
    • Grier, K.B.1    Tullock, G.2
  • 25
    • 43949168912 scopus 로고
    • Money, new-Keynesian macroeconomics and the business cycle
    • Hairault, J-O. and Portier, F. (1993) Money, new-Keynesian macroeconomics and the business cycle, European Economic Review, 37, 1533-68.
    • (1993) European Economic Review , vol.37 , pp. 1533-1568
    • Hairault, J.-O.1    Portier, F.2
  • 26
    • 33751189676 scopus 로고
    • Indivisible labour and the business cycle
    • Hansen, G.D. (1985) Indivisible labour and the business cycle, Journal of Monetary Economics, 16, 309-28.
    • (1985) Journal of Monetary Economics , vol.16 , pp. 309-328
    • Hansen, G.D.1
  • 27
    • 1142294825 scopus 로고    scopus 로고
    • Why the link between volatility and growth is both positive and negative
    • Discussion Paper No. 3561, Centre for Economic Policy Research, London
    • Imbs, J. (2002) Why the link between volatility and growth is both positive and negative, Discussion Paper No. 3561, Centre for Economic Policy Research, London.
    • (2002)
    • Imbs, J.1
  • 28
    • 84934563022 scopus 로고
    • Cost of business cycles with indivisibilities and liquidity constraints
    • Imrohoroglu, A. (1989) Cost of business cycles with indivisibilities and liquidity constraints, Journal of Political Economy, 97, 1364-83.
    • (1989) Journal of Political Economy , vol.97 , pp. 1364-1383
    • Imrohoroglu, A.1
  • 30
    • 0003914762 scopus 로고    scopus 로고
    • Technology (and policy) shocks in models of endogenous growth
    • Working Paper No. 7063, NBER, Cambridge, MA
    • Jones, L.E., Manuelli, R.E., and Stacchetti, E. (1999) Technology (and policy) shocks in models of endogenous growth, Working Paper No. 7063, NBER, Cambridge, MA.
    • (1999)
    • Jones, L.E.1    Manuelli, R.E.2    Stacchetti, E.3
  • 31
    • 0042019192 scopus 로고    scopus 로고
    • Inflation, volatility and growth
    • mimeo, Board of Governers of the Federal Reserve System, Washington, DC
    • Judson, R. and Orphanides, A. (1996) Inflation, volatility and growth, mimeo, Board of Governers of the Federal Reserve System, Washington, DC.
    • (1996)
    • Judson, R.1    Orphanides, A.2
  • 32
    • 0013288333 scopus 로고    scopus 로고
    • Business cycle volatility, uncertainty and long-run growth
    • Kneller, R. and Young, G. (2001) Business cycle volatility, uncertainty and long-run growth, Manchester School, 69, 534-52.
    • (2001) Manchester School , vol.69 , pp. 534-552
    • Kneller, R.1    Young, G.2
  • 33
    • 44949172445 scopus 로고
    • Macroeconomic determinants of growth: Cross-country evidence
    • Kormendi, R. and Meguire, P. (1985) Macroeconomic determinants of growth: cross-country evidence, Journal of Monetary Economics, 16, 141-63.
    • (1985) Journal of Monetary Economics , vol.16 , pp. 141-163
    • Kormendi, R.1    Meguire, P.2
  • 34
    • 0004961208 scopus 로고    scopus 로고
    • On the welfare effects of eliminating business cycles
    • Krusell, P. and Smith, A. (1999) On the welfare effects of eliminating business cycles, Review of Economic Dynamics, 2, 245-72.
    • (1999) Review of Economic Dynamics , vol.2 , pp. 245-272
    • Krusell, P.1    Smith, A.2
  • 36
    • 0013299196 scopus 로고    scopus 로고
    • Stabilisation policy, learning-by-doing, and economic growth
    • Martin, P. and Rogers, C.A. (1997) Stabilisation policy, learning-by-doing, and economic growth, Oxford Economic Papers, 49, 152-66.
    • (1997) Oxford Economic Papers , vol.49 , pp. 152-166
    • Martin, P.1    Rogers, C.A.2
  • 37
    • 0343049077 scopus 로고    scopus 로고
    • Long-term growth and short-term economic instability
    • Martin, P. and Rogers, C.A. (2000) Long-term growth and short-term economic instability, European Economic Review, 44, 359-81.
    • (2000) European Economic Review , vol.44 , pp. 359-381
    • Martin, P.1    Rogers, C.A.2
  • 38
    • 1842762401 scopus 로고    scopus 로고
    • An optimising IS-LM specification for monetary policy and business cycle analysis
    • McCallum, B.T. and Nelson, E. (1999) An optimising IS-LM specification for monetary policy and business cycle analysis, Journal of Money, Credit and Banking, 31, 296-316.
    • (1999) Journal of Money, Credit and Banking , vol.31 , pp. 296-316
    • McCallum, B.T.1    Nelson, E.2
  • 39
    • 0001392746 scopus 로고
    • Evaluating risky consumption paths: The role of intertemporal substitutability
    • Obstfeld, M. (1994) Evaluating risky consumption paths: the role of intertemporal substitutability, European Economic Review, 38, 1471-86.
    • (1994) European Economic Review , vol.38 , pp. 1471-1486
    • Obstfeld, M.1
  • 40
    • 0002209692 scopus 로고    scopus 로고
    • On measuring the welfare cost of business cycles
    • Otrok, C. (2001) On measuring the welfare cost of business cycles, Journal of Monetary Economics, 47, 61-92.
    • (2001) Journal of Monetary Economics , vol.47 , pp. 61-92
    • Otrok, C.1
  • 41
    • 0030866227 scopus 로고    scopus 로고
    • Nominal shocks, endogenous growth and the business cycle
    • Pelloni, A. (1997) Nominal shocks, endogenous growth and the business cycle, Economic Journal, 107, 467-74.
    • (1997) Economic Journal , vol.107 , pp. 467-474
    • Pelloni, A.1
  • 42
    • 0030306166 scopus 로고    scopus 로고
    • Growth trends, cyclical fluctuations and welfare with non-expected utility preferences
    • Pemberton, J. (1996) Growth trends, cyclical fluctuations and welfare with non-expected utility preferences, Economics Letters, 50, 387-92.
    • (1996) Economics Letters , vol.50 , pp. 387-392
    • Pemberton, J.1
  • 43
    • 0040446209 scopus 로고
    • Technology commitment and the cost of economic fluctuations
    • Working Paper No. 3755, National Bureau of Economic Research, Cambridge, MA
    • Ramey, G. and Ramey, V.A. (1991) Technology commitment and the cost of economic fluctuations, Working Paper No. 3755, National Bureau of Economic Research, Cambridge, MA.
    • (1991)
    • Ramey, G.1    Ramey, V.A.2
  • 44
    • 0000575845 scopus 로고
    • Cross-country evidence on the link between volatility and growth
    • Ramey, G. and Ramey, V.A. (1995) Cross-country evidence on the link between volatility and growth, American Economic Review, 85, 1138-52.
    • (1995) American Economic Review , vol.85 , pp. 1138-1152
    • Ramey, G.1    Ramey, V.A.2
  • 45
    • 0039750220 scopus 로고    scopus 로고
    • Nominal rigidity and monetary uncertainty
    • Rankin, N. (1998) Nominal rigidity and monetary uncertainty, European Economic Review, 42, 185-99.
    • (1998) European Economic Review , vol.42 , pp. 185-199
    • Rankin, N.1
  • 46
    • 34147175261 scopus 로고
    • Indivisible labour, lotteries and equilibrium
    • Rogerson, R. (1988) Indivisible labour, lotteries and equilibrium, Journal of Monetary Economics, 21, 3-16.
    • (1988) Journal of Monetary Economics , vol.21 , pp. 3-16
    • Rogerson, R.1
  • 47
    • 0030324727 scopus 로고    scopus 로고
    • Cyclical uncertainty, precautionary saving and economic growth
    • Smith, R.T. (1996) Cyclical uncertainty, precautionary saving and economic growth, Economica, 63, 477-94.
    • (1996) Economica , vol.63 , pp. 477-494
    • Smith, R.T.1
  • 48
    • 0000723024 scopus 로고
    • Uncertainty and monetary policy in a wage bargaining model
    • Sorensen, J.R. (1992) Uncertainty and monetary policy in a wage bargaining model, Scandinavian Journal of Economics, 94, 443-55.
    • (1992) Scandinavian Journal of Economics , vol.94 , pp. 443-455
    • Sorensen, J.R.1
  • 49
    • 0032796165 scopus 로고    scopus 로고
    • UK output variability and growth: Some further evidence
    • Speight, A.E.H. (1999) UK output variability and growth: some further evidence, Scottish Journal of Political Economy, 46, 175-81.
    • (1999) Scottish Journal of Political Economy , vol.46 , pp. 175-181
    • Speight, A.E.H.1
  • 50
    • 0001439460 scopus 로고
    • Business cycle models with endogenous technology
    • Stadler, G.W. (1990) Business cycle models with endogenous technology, American Economic Review, 80, 150-67.
    • (1990) American Economic Review , vol.80 , pp. 150-167
    • Stadler, G.W.1
  • 51
    • 0035015538 scopus 로고    scopus 로고
    • The welfare cost of business cycles revisited: Finite lives and cyclical variation in idiosyncratic risk
    • Storesletten, K., Telmer, C., and Yaron, A. (2001) The welfare cost of business cycles revisited: finite lives and cyclical variation in idiosyncratic risk, European Economic Review, 45, 1311-39.
    • (2001) European Economic Review , vol.45 , pp. 1311-1339
    • Storesletten, K.1    Telmer, C.2    Yaron, A.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.