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Testing for short and long-run causality : the case of the yield spread and economic growth
Breitung, Jörg; Candelon, Bertrand - 2001
To assess the predictive content of the interest rate term spread for future economic growth, we distinguish short-run from long-run predictability by using two different approaches. First, following Dufour and Renault (1998) a test procedure is proposed to test for causality at different...
Persistent link: https://www.econbiz.de/10009617950
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A simple state space model of house prices
Schulz, Rainer; Werwatz, Axel - 2002
Persistent link: https://www.econbiz.de/10009622676
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Was there a regime change in the German monetary transmission mechanism in 1983?
Candelon, Bertrand; Lütkepohl, Helmut - 2000
Recent investigations of the transmission mechanism of German monetary policy arrive at quite different conclusions regarding its stability during the period of monetary targeting by the Bundesbank. In this study small dynamic models for the monetary sector of the German economy are analyzed in...
Persistent link: https://www.econbiz.de/10009583433
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On the job search and the wage distribution
Christensen, Bent Jesper; Mortensen, Dale; Neumann, … - 2000
The estimates of the structural parameters of a job separations model derived from the theory of on-the-job search are … dispersion across employers exists in the sense that different employers offer different wages to the same worker, the theory …
Persistent link: https://www.econbiz.de/10009612015
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Income redistribution within the life cycle versus between individuals : empirical evidence using Swedish panel data
Björklund, Anders; Palme, Mårten - 1997
Persistent link: https://www.econbiz.de/10000971485