A long-standing question in macroeconomic research pertains to the causes of business cycle fluctuations in macroeconomic variables like output and investment. This column uses survey data from the German manufacturing sector to show that aggregate variations in investment and output are mainly due to aggregate demand shocks. These shocks resemble swings in business and consumer sentiment but, for the most part, have no obvious relation to macroeconomic policy.
Rüdiger Bachmann, Peter Zorn, 02 March 2018
Most Read
-
Calvano, Calzolari, Denicolò, Pastorello
-
Catillon, Cutler, Getzen
-
Eggertsson, Summers
-
Blundell, Preston
-
Schoenmaker
-
Eichengreen, O'Rourke
-
Eichengreen
-
De Grauwe, Ji
-
Heckman, LaFontaine
-
Krugman
Blogs&Reviews
-
Mancini-Griffoli, Martinez Peria, Agur, Ari, Kiff, Popescu, Rochon, Jakab
-
Mody
-
Felbermayr, Fuest, Gersbach, Ritschl, Thum, Braml
-
Ambrocio, Hasan, Jokivuolle, Ristolainen
-
Beck
Vox eBooks
Don't Miss
Eggertsson, Summers
Crowley, Exton, Han
Allen, Dobbin, Morten
Events
-
15 - 15 March 2019 / London, Royal Society / UK Network of Environmental Economists (UKNEE)
-
28 - 29 March 2019 / European Central Bank, Frankfurt / European Central Bank and the University of Ohio
-
28 - 29 March 2019 / Paris / SUERF - The European Money and Finance Forum Banque de France (BDF)
-
3 - 4 May 2019 / London / Queen Mary, University of London
-
16 - 17 May 2019 / University of Minho, Guimarães, Portugal / School of Engineering, University of Minho
CEPR Policy Research
-
Gobillon, Solignac
-
Giglio, Maggiori, Stroebel, Weber
-
Summers, Fatás
-
Favero, Galasso
-
Butt, Churm, McMahon, Morotz, Schanz
-
Eichengreen, Avgouleas, Poiares Maduro, Panizza, Portes, Weder di Mauro, Wyplosz, Zettelmeyer
-
Baldwin, Beck, Bénassy-Quéré, Blanchard, Corsetti, De Grauwe, den Haan, Giavazzi, Gros, Kalemli-Ozcan, Micossi, Papaioannou, Pesenti, Pissarides , Tabellini, Weder di Mauro
-
Baldwin, Nakatomi
-
Thimann
-
Goodhart, Perotti