Similar Search Results

Is Germany a hub of Factory Europe for CEE countries? : the sink approach in GVC decomposition

Kordalska, Aleksandra; Olczyk, Magdalena - 2019

The goal of the paper is to decompose gross exports/imports to/from Germany for seven selected economies in Central and Eastern Europe (CEE): the Czech Republic, Estonia, Hungary, Lithuania, Latvia, Poland, and Slovakia for 2000 and 2014, to identify the role of German in absorbing, reflecting,...

Persistent link: https://www.econbiz.de/10012033048

Private Debt and GDP: A Short-Run Perspective

Cafiso, Gianluca - 2016

Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys in details this branch of literature and explains the channels by which debt fuels growth. In this paper we switch the focus from the long to the short-run and study whether...

Persistent link: https://www.econbiz.de/10011584900

Impulse Response Matching Estimators for DSGE Models

Guerron-Quintana, Pablo; Inoue, Atsushi; Kilian, Lutz - 2016

One of the leading methods of estimating the structural parameters of DSGE models is the VAR-based impulse response … response parameters exceeds the number of VAR model parameters. Situations in which this order condition is violated arise …

Persistent link: https://www.econbiz.de/10011431276

Growth Expectations, Undue Optimism, and Short-Run Fluctuations

Enders, Zeno; Kleemann, Michael; Müller, Gernot - 2013

We assess the contribution of "undue optimism" (Pigou) to short-run fluctuations. In our analysis, optimism pertains to total factor productivity which determines economic activity in the long run, but is not contemporaneously observed by market participants. In order to recover optimism shocks...

Persistent link: https://www.econbiz.de/10010328714

Infinite dimensional VARs and factor models

Chudik, Alexander; Pesaran, Mohammad Hashem - 2007

dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the … number of endogenous variables tends to infinity. It is shown that under such restrictions, an infinite-dimensional VAR (or … IVAR) can be arbitrarily well characterized by a large number of finite-dimensional models in the spirit of the global VAR …

Persistent link: https://www.econbiz.de/10010276215

The Economic Consequences of the Brexit Vote

Born, Benjamin; Müller, Gernot; Schularick, Moritz; … - 2017

The unexpected outcome of the Brexit vote in June 2016 provides a rare macroeconomic experiment to study the aggregate consequences of a sudden change in expectations regarding future economic prospects. Using synthetic control methods, we show that forward looking households and businesses...

Persistent link: https://www.econbiz.de/10011777645

Oil Rents Shocks and Inequality in Iran

Farzanegan, Mohammad Reza; Krieger, Tim - 2018

. Using historical data from 1973 to 2012 and vector autoregression (VAR)-based impulse response functions, we find a positive …

Persistent link: https://www.econbiz.de/10011794215

Financial Uncertainty and Real Activity: The Good, the Bad, and the Ugly

Caggiano, Giovanni; Castelnuovo, Efrem; Delrio, Silvia; … - 2020

stress). Working with a VAR framework and a set-identification strategy which focuses on - but it is not limited to …

Persistent link: https://www.econbiz.de/10012269496

News Shocks under Financial Frictions

Görtz, Christoph; Tsoukalas, John D.; Zanetti, Francesco - 2020

. We document two new facts using VAR methods. First, a (positive) shock to future TFP generates a significant decline in …, VAR methods also establish a tight link between TFP news shocks and shocks that explain the majority of un …

Persistent link: https://www.econbiz.de/10012425634

Fossil and Renewable Energy Stock Indices: Connectedness and the COP Meetings

Caporale, Guglielmo Maria; Spagnolo, Nicola; Almajali, Awon - 2022

This paper investigates static and dynamic connectedness between the first and second moments of fossil and renewable energy stock indices in the last decade at the daily frequency. For this purpose the Diebold and Yilmaz (2014) methodology is applied; in addition, endogenous break tests are...

Persistent link: https://www.econbiz.de/10013353436