Blar i TKD - Institutt for estetiske fag på forfatter "Zhang, Dan"
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The GDP, the US treasury yield and the federal funds rate: Who follows whom, when and why?
Seip, Knut Lehre; Zhang, Dan (Journal of Financial Economic Policy;, Peer reviewed; Journal article, 2021-06-08)Purpose: This study addresses the fundamental question on how the major players in the economy dynamically interact with each other: among the central bank, the investors in the bond market, and the firms and consumers ... -
A High-Resolution Lead-Lag Analysis of US GDP, Employment, and Unemployment 1977–2021: Okun’s Law and the Puzzle of Jobless Recovery
Seip, Knut Lehre; Zhang, Dan (Economies;Volume 10 / Issue 10, Peer reviewed; Journal article, 2022)Okun’s law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the relations between output and labor input across regions or across business cycles. Based on results by ... -
Scoring Six Detrending Methods on Timing, Lead‑Lag Relations, and Cycle Periods: An Empirical Study of US and UK Recessions 1977–2020
Seip, Knut Lehre; Zhang, Dan (Peer reviewed; Journal article, 2024)This study evaluates six commonly used detrending methods and discuss how detrending may change the timing of events, the identification of lead-lag relations between GDP and employment, and the identification of cycle ...