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Heterogeneity in regional consumption due to current income shocks : testing the permanent income hypothesis for German panel data

Mitze, Timo - 2010 - First incomplete version: February 2010

consumption to a 'surprise' term in permanent income as well as past values of consumption growth. We can interpret this … income growth measuring the excess sensitivity of consumption with respect to income changes and thus the degree of liquidity … for the asymmetry in the income-consumption path for German regions both with respect to the long and short run adjustment …

Persistent link: https://www.econbiz.de/10011575929

Monetary policy and currency wars : methodological Approach

Bekareva, Svetlana V.; Meltenisova, Ekaterina - 2016

Introduction. The investigation is devoted to the issue of a national financial stability and economic growth. The theme of our investigation is topical because of the modern world economy processes. Some countries have been using different monetary, economic, and political instruments to...

Persistent link: https://www.econbiz.de/10011867054

Investment funds, monetary policy, and the global financial cycle

Kaufmann, Christoph - 2020

This paper studies the role of international investment funds in the transmission of global financial conditions to the euro area using structural Bayesian vector auto regressions. While cross-border banking sector capital ows receded significantly in the aftermath of the global financial...

Persistent link: https://www.econbiz.de/10012426255

Regional integration and the euro crisis : problems and solutions

Pessoa, Argentino - 2013

Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...

Persistent link: https://www.econbiz.de/10011515832

Household balance sheet channels of monetary policy : a back of the envelope calculation for the euro area

Slacalek, Jirka; Tristani, Oreste; Violante, Giovanni L. - In: Journal of economic dynamics & control 115 (2020), pp. 1-30

Persistent link: https://www.econbiz.de/10012502659

Fiscal policy spillovers in a monetary union

Lozej, Matija; Walsh, Graeme - In: Open economies review 32 (2021) 5, pp. 1089-1117

Persistent link: https://www.econbiz.de/10013171903

Covid-19 shock and fiscal-monetary policy mix in a monetary union

Bartocci, Anna; Notarpietro, Alessandro; Pisani, … - In: Economic Challenges for Europe After the Pandemic : …, (pp. 233-266). 2022

Persistent link: https://www.econbiz.de/10013440676

Within and between panel cointegration in the German regional output-trade-FDI nexus

Mitze, Timo - 2010 - First version: May 2010; this version: October 2010

For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both within and between spatial units. In this paper, we...

Persistent link: https://www.econbiz.de/10011535894

Does trade cause long-run development? : theory and evidence from countries behind the Suez channel

Gerritse, Michiel - 2015 - Preliminary

Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...

Persistent link: https://www.econbiz.de/10011478180

How well the balance-of- payments constraint approach explains the Portuguese growth performance : empirical evidence for the 1965-2008 period

Antunes, Micaela; Soukiazis, Elias - 2010

The present study aims to verify whether the balance-of-payments constrained growth approach is suitable for explaining the Portuguese growth performance during the last decades. For that, we adopt "Thirlwall's Law" that predicts actual growth by the ratio of the exports growth relative to the...

Persistent link: https://www.econbiz.de/10012654666

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