Publicação
Business cycle accounting for France during the covid-19 recession
| Resumo: | The purpose of this paper is to analyze the macroeconomic fluctuations registered in the French economy during the COVID-19 recession. This will be achieved by performing a Business Cycle Accounting exercise, based on the framework proposed by Chari et al. (2007a) and with the support of BCAppIt!, an application developed by Brinca & Loria (2020), available as a MatLab add-in. With this tool, we found out that in the period studied, the labor wedge was the most relevant to explain variations in output and hours worked, whereas the efficiency wedge is the best fit for investment simulation. |
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| Autores principais: | Barros, Márcio Rafael Simões |
| Assunto: | Economics Business cycle accounting Covid-19 France Wedges Macroeconomic fluctuations Financial frictions |
| Ano: | 2023 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | The purpose of this paper is to analyze the macroeconomic fluctuations registered in the French economy during the COVID-19 recession. This will be achieved by performing a Business Cycle Accounting exercise, based on the framework proposed by Chari et al. (2007a) and with the support of BCAppIt!, an application developed by Brinca & Loria (2020), available as a MatLab add-in. With this tool, we found out that in the period studied, the labor wedge was the most relevant to explain variations in output and hours worked, whereas the efficiency wedge is the best fit for investment simulation. |
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