On the (de)stabilizing effects of news shocks

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 114
Issue: 3
Pages: 256-258

Authors (2)

Winkler, Roland C. (Friedrich-Schiller-Universität...) Wohltmann, Hans-Werner (Christian-Albrechts-Universitä...)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

This paper shows that news shocks amplify macroeconomic volatility in any purely forward-looking model, whereas results are ambiguous when including a backward-looking component. We also investigate numerically the volatility effects of news shocks within the Smets and Wouters (2003) model.

Technical Details

RePEc Handle
repec:eee:ecolet:v:114:y:2012:i:3:p:256-258
Journal Field
General
Author Count
2
Added to Database
2026-01-29