“...A news-driven business cycle is a positive comovement in consumption, labor, investment, and output caused by positive news about the future. Standard real...”

“...Carlstrom and Fuerst (2007) [``Asset prices, nominal rigidities, and monetary policy,'' Review of Economic Dynamics 10, 256--275] find that monetary policy...”

“...It is often assumed that wedges evolve according to the VAR (1) in the applications of business cycle accounting (BCA). However, recent research finds that the...”

“...A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset prices, especially share prices, in a sticky-price economy. We...”

“...A news-driven business cycle is a positive comovement in consumption, labor, investment, and output caused by positive news about the future. Standard real...”

“...A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset prices, especially share prices, in a sticky-price economy. We...”

“...A news-driven business cycle is a positive comovement of consumption, output, labor, and investment from the news about the future. We show that nominal...”

“...A news-driven business cycle is a positive comovement of consumption, output, labor, and investment from the news about the future. We show that nominal...”