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emerging Asia tended to exploit low factor costs. Methodically, this paper uses the SUR estimation technique which allows for …
Persistent link: https://www.econbiz.de/10005083150
This paper uses a factor-augmented vector autoregressive model (FAVAR) estimated on U.S. data in order to analyze monetary transmission via private sector balance sheets, credit risk spreads and asset markets in an integrated setup and to explore the role of monetary policy in the three...
Persistent link: https://www.econbiz.de/10008595899
break-even inflation rates in the euro area and the US. For maturities up to 5 years new information comes from both the … swap and the bond markets. For longer maturities the swap market provides less and less information in the euro area. In …
Persistent link: https://www.econbiz.de/10005049667