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News shocks


Jaimovich, Nir (2017). News shocks. In: Palgrave Macmillan. The New Palgrave Dictionary of Economics. London: Springer, 1-7.

Abstract

News shocks are shocks that are useful for predicting future fundamentals but do not affect current fundamentals. While the idea of “news shocks” as a driver of economic fluctuations has been present since the early work on business cycles it had been formalized and assessed in the last decade. This article discusses both the theoretical impact of news shocks on the economy and their empirical relevance for business cycles.

Abstract

News shocks are shocks that are useful for predicting future fundamentals but do not affect current fundamentals. While the idea of “news shocks” as a driver of economic fluctuations has been present since the early work on business cycles it had been formalized and assessed in the last decade. This article discusses both the theoretical impact of news shocks on the economy and their empirical relevance for business cycles.

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Additional indexing

Item Type:Book Section, not_refereed, further contribution
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Uncontrolled Keywords:Business cycles, shocks, information
Language:English
Date:2017
Deposited On:18 Jan 2018 08:18
Last Modified:19 Feb 2018 10:32
Publisher:Springer
ISBN:978-1-349-95121-5
OA Status:Closed
Publisher DOI:https://doi.org/10.1057/978-1-349-95121-5_3057-1
Related URLs:https://link.springer.com/referenceworkentry/10.1057/978-1-349-95121-5_3057-1

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