Jonas D M Fisher
Biographic Data
| ID | 5806012 |
|---|---|
| NAME | Jonas D M Fisher |
| GIVEN NAMES | Jonas D M |
| FAMILY NAME | Fisher |
| SIGNATURE | FISHER J D M |
| AFFILIATIONS | Federal Reserve Bank of Chicago |
| VERIFIED | No |
| TOTAL WORKS | 3 |
| TOTAL CITATIONS | 21 |
| WORKS AS AUTHOR | 3 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2006 |
| LATEST PUBLICATION YEAR | 2010 |
| H-INDEX | 2 |
Using Stock Returns to Identify Government Spending Shocks
This article explores a new approach to identifying government spending shocks which avoids many of the shortcomings of existing approaches. The new approach is to identify government spending shocks with statistical innovations to the accumulated excess returns of large US military contractors. This strategy is used to estimate the dynamic responses of output, hours, consumption and real wages to a government spending shock. We find that positiv…
Why Does Household Investment Lead Business Investment over the Business Cycle
Household investment leads nonresidential business fixed investment over the U.S. business cycle. Because real business cycle theory has not been able to account for this observation, it represents a potent challenge to the view that transitory productivity disturbances are the main source of aggregate fluctuations. This paper reconciles RBC theory with the investment dynamics by extending the traditional home production model to make household c…
The Dynamic Effects of Neutral and Investment‐Specific Technology Shocks
The neoclassical growth model is used to identify the short-run effects of neutral technology shocks, which affect the production of all goods homogeneously, and investment-specific shocks, which affect only investment goods. The real equipment price, crucial for identifying the investment shocks, experiences an abrupt increase in its average rate of decline in 1982, so the analysis is based on a split sample. On the basis of the preferred specif…
The Dynamic Effects of Neutral and Investment‐Specific Technology Shocks
The neoclassical growth model is used to identify the short-run effects of neutral technology shocks, which affect the production of all goods homogeneously, and investment-specific shocks, which affect only investment goods. The real equipment price, crucial for identifying the investment shocks, experiences an abrupt increase in its average rate of decline in 1982, so the analysis is based on a split sample. On the basis of the preferred specif…
Using Stock Returns to Identify Government Spending Shocks
This article explores a new approach to identifying government spending shocks which avoids many of the shortcomings of existing approaches. The new approach is to identify government spending shocks with statistical innovations to the accumulated excess returns of large US military contractors. This strategy is used to estimate the dynamic responses of output, hours, consumption and real wages to a government spending shock. We find that positiv…
Why Does Household Investment Lead Business Investment over the Business Cycle
Household investment leads nonresidential business fixed investment over the U.S. business cycle. Because real business cycle theory has not been able to account for this observation, it represents a potent challenge to the view that transitory productivity disturbances are the main source of aggregate fluctuations. This paper reconciles RBC theory with the investment dynamics by extending the traditional home production model to make household c…
The Dynamic Effects of Neutral and Investment‐Specific Technology Shocks
The neoclassical growth model is used to identify the short-run effects of neutral technology shocks, which affect the production of all goods homogeneously, and investment-specific shocks, which affect only investment goods. The real equipment price, crucial for identifying the investment shocks, experiences an abrupt increase in its average rate of decline in 1982, so the analysis is based on a split sample. On the basis of the preferred specif…
Why Does Household Investment Lead Business Investment over the Business Cycle
Household investment leads nonresidential business fixed investment over the U.S. business cycle. Because real business cycle theory has not been able to account for this observation, it represents a potent challenge to the view that transitory productivity disturbances are the main source of aggregate fluctuations. This paper reconciles RBC theory with the investment dynamics by extending the traditional home production model to make household c…
Using Stock Returns to Identify Government Spending Shocks
This article explores a new approach to identifying government spending shocks which avoids many of the shortcomings of existing approaches. The new approach is to identify government spending shocks with statistical innovations to the accumulated excess returns of large US military contractors. This strategy is used to estimate the dynamic responses of output, hours, consumption and real wages to a government spending shock. We find that positiv…
Economics (3 works) · Macroeconomics (3 works) · Monetary economics (3 works) · Monetary Policy and Economic Impact (3 works) · Business cycle (2 works) · Fiscal Policy and Economic Growth (2 works) · Investment (military (2 works) · Market economy (2 works) · Production (economics (2 works) · Affect (linguistics (1 work)