Similar Search Results

Is there a bubble in the Chinese housing market?

Dreger, Christian; Zhang, Yanqun - 2010

For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal … stimulus package and massive credit expansion, with pos-sible adverse effects to the real economy. To get insights into the … growth may not be heavily affected. Thus, a decline of the bubble will likely have only modest effects on the real economy …

Persistent link: https://www.econbiz.de/10009272600

Re-vitalizing money demand in the euro area : still valid at the zero lower bound

Dreger, Christian; Gerdesmeier, Dieter; Roffia, Barbara - 2016

The analysis of monetary developments have always been a cornerstone of the ECB’s monetaryanalysis and, thus, of its overall monetary policy strategy. In this respect, money demandmodels provide a framework for explaining monetary developments and assessing price stabilityover the medium term....

Persistent link: https://www.econbiz.de/10011532681

The relevance of international spillovers and asymmetric effects in the Taylor rule

Beckmann, Joscha; Belke, Ansgar; Dreger, Christian - 2014

Deviations of policy interest rates from the levels implied by the Taylor rule have been persistent before the financial crisis and increased especially after the turn of the century. Compared to the Taylor benchmark, policy rates were often too low. This paper provides evidence that both...

Persistent link: https://www.econbiz.de/10010417484

Liquidity and asset prices : how strong are the linkages?

Dreger, Christian; Wolters, Jürgen - 2009

limit speculative runs and negative effects on the real economy in the future. We explore the impacts of liquidity shocks on …

Persistent link: https://www.econbiz.de/10003807460

Long term growth perspectives in Japan and the euro area

Dreger, Christian - 2017

growth and a smooth development of the global economy. …

Persistent link: https://www.econbiz.de/10011639038

Energy consumption and economic growth : new insights into the cointegration relationship

Belke, Ansgar; Dreger, Christian; Haan, Frauke de - 2010

This paper examines the long-run relationship between energy consumption and real GDP, including energy prices, for 25 OECD countries from 1981 to 2007. The distinction between common factors and idiosyncratic components using principal component analysis allows to distinguish between...

Persistent link: https://www.econbiz.de/10003974670

A further examination of the export-led growth hypothesis

Dreger, Christian; Herzer, Dierk - 2011

This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...

Persistent link: https://www.econbiz.de/10009515008