Hasil untuk "Business"

D. Ariely, G. Berns

M. Sosna, R. N. Trevinyo-Rodríguez, S. Velamuri

Brian J. Bushee, John E. Core, W. Guay et al.

Alejandro Justiniano, Giorgio E. Primiceri, Andrea Tambalotti

F. Aguilar

F. Caeldries

Aino Halinen, Jan-Åke Törnroos

P. Timmers

Sean M. Hackett, D. Dilts

G. Gorman, Dennis Hanlon, Wayne King

J. Welman, S. Kruger

T. Kochan, K. Bezrukova, R. Ely et al.

R. Lucas

D. Shepherd

M. Boldrin, Lawrence J. Christiano, Jonas D. M. Fisher

Two modifications are introduced into the standard real-business-cycle model: habit preferences and a two-sector technology with limited intersectoral factor mobility. The model is consistent with the observed mean risk-free rate, equity premium, and Sharpe ratio on equity. In addition, its business-cycle implications represent a substantial improvement over the standard model. It accounts for persistence in output, comovement of employment across different sectors over the business cycle, the evidence of "excess sensitivity" of consumption growth to output growth, and the "inverted leading-indicator property of interest rates," that interest rates are negatively correlated with future output.

Stijn Claessens, Stijn Claessens, Stijn Claessens et al.

This paper analyzes the interactions between business and financial cycles using an extensive database of over 200 business and 700 financial cycles in 44 countries for the period 1960:1-2007:4. Our results suggest that there are strong linkages between different phases of business and financial cycles. In particular, recessions associated with financial disruption episodes, notably house price busts, tend to be longer and deeper than other recessions. Conversely, recoveries associated with rapid growth in credit and house prices tend to be stronger. These findings emphasize the importance of developments in credit and housing markets for the real economy.

A. Herzi

H. Dahles, T. Susilowati

R. Amit, C. Zott

Milica Inđić, Aleksandra Marcikić Horvat, Milos Pjanić

By examining intermediate, operating, and profitability aspects, this paper aims to construct a performance model for evaluating the relative efficiency and potential for improvement of 20 banks operating in Serbia for the 2022-2023 period. Data Envelopment Analysis (DEA), which belongs to relatively new data-oriented techniques, was used in the research to measure efficiency. To achieve its goals, the paper makes use of the CCR and BCC, two fundamental DEA models, and three approaches: intermediary, operating and profitability. The results of the analysis showed that the highest efficiency can be attributed o the use of the intermediate approach, while the lowest efficiency of banks can be attributed to the profitability approach. Additionally, the BCC model has higher efficiency compared to the CCR model. According to the analysis results, efficiency has generally grown and is comparatively stable.