Marianne Baxter
Biographic Data
| ID | 5869067 |
|---|---|
| NAME | Marianne Baxter |
| GIVEN NAMES | Marianne |
| FAMILY NAME | Baxter |
| SIGNATURE | BAXTER M |
| AFFILIATIONS | University of Virginia |
| VERIFIED | No |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 6 |
| AUTHOR COUNT | 4 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1990 |
| LATEST PUBLICATION YEAR | 1999 |
| H-INDEX | 1 |
Measuring Business Cycles: Approximate Band-Pass Filters for Economic Time Series
Band-pass filters are useful in a wide range of economic contexts. This paper develops a set of approximate band-pass filters and illustrates their application to measuring the business-cycle component of macroeconomic activity. Detailed comparisons are made with several alternative filters commonly used for extracting business-cycle components
Are Consumer Durables Important for Business Cycles
This paper investigates whether consumer durables are important for the generation and propagation of business cycles. The author constructs a two-sector model that succeeds in generating business cycles that mimic empirical patterns of cross-sector volatility and comovement. She finds that half the relatively higher volatility associated with the durable-goods sector is due to higher volatility of shocks hitting this sector, with the other half …
Fiscal Policy, Specialization, and Trade in the Two-Sector Model: The Return of Ricardo
This paper develops a two-sector neoclassical model of international trade with endogenous capital accumulation and intertemporal optimization. In contrast to the traditional "2 x 2" model, there is a Ricardian implication that countries specialize according to comparative advantage. Consequently, the theory predicts that government expenditure policies are unlikely to affect the established pattern of specialization and trade, but that changes i…
Solving the Stochastic Growth Model by a Discrete-State-Space, Euler-Equation Approach
This article describes a method for computing approximate equilibria for stochastic dynamic economies. The method is of general interest because it allows straightforward computation of equilibria in a wide class of economies in which equilibrium is not Pareto optimal. The chief idea is to focus on the Euler equations that characterize equilibrium behavior. Our approach computes approximations to equilibrium decision rules. This approach is “exac…
Fiscal Policy, Specialization, and Trade in the Two-Sector Model: The Return of Ricardo
This paper develops a two-sector neoclassical model of international trade with endogenous capital accumulation and intertemporal optimization. In contrast to the traditional "2 x 2" model, there is a Ricardian implication that countries specialize according to comparative advantage. Consequently, the theory predicts that government expenditure policies are unlikely to affect the established pattern of specialization and trade, but that changes i…
Solving the Stochastic Growth Model by a Discrete-State-Space, Euler-Equation Approach
This article describes a method for computing approximate equilibria for stochastic dynamic economies. The method is of general interest because it allows straightforward computation of equilibria in a wide class of economies in which equilibrium is not Pareto optimal. The chief idea is to focus on the Euler equations that characterize equilibrium behavior. Our approach computes approximations to equilibrium decision rules. This approach is “exac…
Fiscal Policy, Specialization, and Trade in the Two-Sector Model: The Return of Ricardo
This paper develops a two-sector neoclassical model of international trade with endogenous capital accumulation and intertemporal optimization. In contrast to the traditional "2 x 2" model, there is a Ricardian implication that countries specialize according to comparative advantage. Consequently, the theory predicts that government expenditure policies are unlikely to affect the established pattern of specialization and trade, but that changes i…
Are Consumer Durables Important for Business Cycles
This paper investigates whether consumer durables are important for the generation and propagation of business cycles. The author constructs a two-sector model that succeeds in generating business cycles that mimic empirical patterns of cross-sector volatility and comovement. She finds that half the relatively higher volatility associated with the durable-goods sector is due to higher volatility of shocks hitting this sector, with the other half …
Measuring Business Cycles: Approximate Band-Pass Filters for Economic Time Series
Band-pass filters are useful in a wide range of economic contexts. This paper develops a set of approximate band-pass filters and illustrates their application to measuring the business-cycle component of macroeconomic activity. Detailed comparisons are made with several alternative filters commonly used for extracting business-cycle components
Economic theories and models (3 works) · Economics (3 works) · Macroeconomics (3 works) · Algorithm (2 works) · Business cycle (2 works) · Computer Science (2 works) · Economic Growth and Productivity (2 works) · Applied Mathematics (1 works) · Business (1 works) · Comparative advantage (1 works)