Leandro M Magnusson
Biographic Data
| ID | 6457041 |
|---|---|
| NAME | Leandro M Magnusson |
| GIVEN NAMES | Leandro M |
| FAMILY NAME | Magnusson |
| SIGNATURE | MAGNUSSON L M |
| AFFILIATIONS | The University of Western Australia |
| ORCID | 0000-0003-3691-9214 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 1 |
| WORKS AS AUTHOR | 5 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2020 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 1 |
Empirical evidence on the Euler equation for investment in the US
Is the typical specification of the Euler equation for investment employed in dynamic stochastic general equilibrium (DSGE) models consistent with aggregate macro data? The answer is yes using state‐of‐the‐art econometric methods that are robust to weak instruments and exploit information in possible structural changes. Unfortunately, however, there is very little information about the values of the parameters in aggregate data because investment…
Identification Robust Empirical Evidence on the Open Economy IS‐Curve
Existing empirical evidence on the Euler equation based on closed economy models suggests low responsiveness of aggregate consumption to changes in interest rates. We incorporate open economy features and consider extensions that include habit formation and hand‐to‐mouth consumers. For several open economies and applying econometric methods that are robust to weak instruments and structural changes, we continue to find low values for the elastici…
Monetary policy regimes
An eight‐region, stochastic, general equilibrium model that incorporates global money and financial markets is used, first, to identify the distributions of regional supply side shocks in 1954–2016 from real GDP data. Second, in Monte Carlo simulations, the model is subjected to random draws from these distributions in all regions simultaneously, under a range of combinations of monetary targets. These experiments begin with a comparison of the v…
Empirical Evidence on the Dynamics of Investment Under Uncertainty in the U.S
We study the time‐varying effects of financial uncertainty shocks in the United States using a vector autoregression with drifting parameters and stochastic volatilities. We find negative effects of financial uncertainty shocks on real activity with both consumption and investment growth declining significantly and comoving along the entire sample. These effects remained fairly stable in the post‐WWII period but the negative response of investmen…
Measuring governance
Measuring governance
Empirical Evidence on the Dynamics of Investment Under Uncertainty in the U.S
We study the time‐varying effects of financial uncertainty shocks in the United States using a vector autoregression with drifting parameters and stochastic volatilities. We find negative effects of financial uncertainty shocks on real activity with both consumption and investment growth declining significantly and comoving along the entire sample. These effects remained fairly stable in the post‐WWII period but the negative response of investmen…
Monetary policy regimes
An eight‐region, stochastic, general equilibrium model that incorporates global money and financial markets is used, first, to identify the distributions of regional supply side shocks in 1954–2016 from real GDP data. Second, in Monte Carlo simulations, the model is subjected to random draws from these distributions in all regions simultaneously, under a range of combinations of monetary targets. These experiments begin with a comparison of the v…
Identification Robust Empirical Evidence on the Open Economy IS‐Curve
Existing empirical evidence on the Euler equation based on closed economy models suggests low responsiveness of aggregate consumption to changes in interest rates. We incorporate open economy features and consider extensions that include habit formation and hand‐to‐mouth consumers. For several open economies and applying econometric methods that are robust to weak instruments and structural changes, we continue to find low values for the elastici…
Empirical evidence on the Euler equation for investment in the US
Is the typical specification of the Euler equation for investment employed in dynamic stochastic general equilibrium (DSGE) models consistent with aggregate macro data? The answer is yes using state‐of‐the‐art econometric methods that are robust to weak instruments and exploit information in possible structural changes. Unfortunately, however, there is very little information about the values of the parameters in aggregate data because investment…
Econometrics (5 works) · Economics (5 works) · Macroeconomics (4 works) · Monetary policy (4 works) · Monetary Policy and Economic Impact (4 works) · Economic theories and models (3 works) · Mathematics (3 works) · Statistics (3 works) · Computer Science (2 works) · Microeconomics (2 works)