3 papers
econ.GN2023
The shape of business cycles: a cross-country analysis of Friedman s plucking theory
Emanuel Kohlscheen, Richhild Moessner, Daniel Rees
We test the international applicability of Friedman s famous plucking theory of the business cycle in 12 advanced economies between 1970 and 2021. We find that in countries where l…
econ.GN2022
Globalisation and the Decoupling of Inflation from Domestic Labour Costs
Emanuel Kohlscheen, Richhild Moessner
We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has weakened considerably in advanced economies during recent dec…
econ.GN2022
Changing Electricity Markets: Quantifying the Price Effects of Greening the Energy Matrix
Emanuel Kohlscheen, Richhild Moessner
We analyse the drivers of European Power Exchange (EPEX) wholesale electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that w…