Aggregate cost stickiness in GAAP financial statements and future unemployment rate (Registro nro. 199251)
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| Campo fijo de descripción fija | 02047nab a2200217 a 4500 |
| 003 - IDENTIFICADOR DEL NÚMERO DE CONTROL | |
| Campo de control | OSt |
| 005 - FECHA Y HORA DE LA ULTIMA TRANSACCIÓN | |
| control field | 20200226101959.0 |
| 008 - ELEMENTOS DE LONGITUD FIJA -- INFORMACIÓN GENERAL | |
| Campo fijo de descripción fija -- Información general | 191207s20172015xxu||||| |||| 00| 0 eng d |
| 040 ## - FUENTE DE CATALOGACIÓN | |
| Agencia Catalogadora | CO-BoUGC |
| Agencia que realiza la transcripción | CO-BoUGC |
| 100 1# - ASIENTO PRINCIPAL--NOMBRE PERSONAL | |
| Nombre personal | Rouxelin, Florent |
| 245 20 - TÍTULO | |
| Título | Aggregate cost stickiness in GAAP financial statements and future unemployment rate |
| Responsables | Florent Rouxelin, Wan Wongsunwai & Nir Yehuda |
| 300 ## - DESCRIPCIÓN FÍSICA | |
| Extensión | Páginas 299 a la 325 |
| 520 3# - NOTA DE RESUMEN, ETC. | |
| Nota de sumario, etc. | We examine whether aggregate cost stickiness predicts future macrolevel unemployment rate. We incorporate aggregate cost stickiness into three different classes of forecasting models studied in prior literature, and demonstrate an improvement in forecasting performance for all three models. For example, when adding cost stickiness to an OLS regression, which includes a battery of macroeconomic indicators and control variables, we find that a one-standard-deviation-higher cost stickiness in recent quarters is followed by a 0.23 to 0.26-percentage-point-lower unemployment rate in the current and following quarter. In out-of-sample tests, we find significant reductions in the root-mean-squared-errors upon incorporation of cost stickiness for all three models. Additional tests suggest that professional macro forecasters, particularly those employed in nonfinancial industries, do not fully incorporate the information contained in cost stickiness. Finally, we find a stronger predictive power of cost stickiness towards the end of recessionary periods; we also assess cross-sectional variation of this predictive ability. |
| 650 14 - ASIENTO SECUNDARIO DE MATERIA - TERMINO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Contabilidad |
| Subdivisión de forma | Publicaciones seriadas |
| 9 (RLIN) | 176857 |
| 650 24 - ASIENTO SECUNDARIO DE MATERIA - TERMINO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Desempleo |
| Subdivisión de forma | Publicaciones seriadas |
| 9 (RLIN) | 176858 |
| 690 ## - CAMPO LOCAL DE ACCESO TEMÁTICO | |
| Término temático o nombre geográfico como elemento de entrada | Generally Accepted Accounting Principles (GAAP) |
| 700 1# - ENTR. SECUNDARIA - Nombre Personal (R) | |
| Nombre personal | Wongsunwai, Wan |
| -- | 176859 |
| 700 1# - ENTR. SECUNDARIA - Nombre Personal (R) | |
| Nombre personal | Yehuda, Nir |
| -- | 176860 |
| 773 0# - ASIENTO DE ITEM FUENTE | |
| Host Biblionumber | 82265 |
| Host Itemnumber | 378922 |
| Asiento principal | The accounting review 2018 V.93 No.3 (Jul) |
| Otro identificador del ítem | 0000002033702 |
| International Standard Serial Number | 0001-4826 (papel) |
| Descripción física | 27 páginas |
| Nota | Incluye tablas, figuras, referencias bibliográficas y apéndices |
| 942 ## - TIPO DE MATERIAL (KOHA) | |
| Source of classification or shelving scheme | Dewey Decimal Classification |
| Tipo de Item KOHA | Artículo de Revista |
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