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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

The indirect effect of the Russian-Ukrainian war through international linkages : early evidence from the stock market

Biermann, Marcus; Leromain, Elsa - 2023

Persistent link: https://www.econbiz.de/10013536499

Economic growth, youth unemployment, and political and social instability : a study of policies and outcomes in post-Arab spring Egypt, Morocco, Jordan, and Tunisia

Prince, Heather; Halasa-Rappel, Yara; Khan, Amna - 2018

The study has surveyed the post-Arab Spring youth employment policies that have been adopted in Egypt, Morocco, Jordan, and Tunisia. In addition, the study examines whether and how the economic policies implemented in these countries led to high levels of youth unemployment prior to the Arab...

Persistent link: https://www.econbiz.de/10012020135

Value at risk : proposals on a generalization

Schröder, Michael - 1996

The Value at Risk approach (VaR) is more and more used as a tool for risk measurement. The approach however has … shortcomings both from a theoretical and a practical point of view. VaR can be classified within existing concepts of risk … measurement: it is particularly interpretable as a special measure of shortfall risk. From that point of view VaR will be extended …

Persistent link: https://www.econbiz.de/10011622673

Fiscal policy shocks and stock prices in the United States

Mumtaz, Haroon; Theodoridis, Konstantinos - 2017

This paper uses a range of structural VARs to show that the response of US stock prices to fiscal shocks changed in 1980. Over the period 1955-1980 an expansionary spending or revenue shock was associated with modestly higher stock prices. After 1980, along with a decline in the fiscal...

Persistent link: https://www.econbiz.de/10011627039

The financial market effects of the ECB's asset purchase programs

Lewis, Vivien; Roth, Markus - 2017

The European Central Bank's asset purchase programs, while intended to stabilize the economy, may have unintended side effects on financial stability. This paper aims at gauging the effects on financial markets, the banking sector, and lending to non-financial firms. Using a structural vector...

Persistent link: https://www.econbiz.de/10011712553

Trade costs and the Suez and Panama Canals

Hugot, Jules; Umana Dajud, Camilo - 2016

Persistent link: https://www.econbiz.de/10011743259

A generalised stochastic volatility in mean VAR

Mumtaz, Haroon - 2018

This paper introduces a VAR with stochastic volatility in mean where the residuals of the volatility equations and the …

Persistent link: https://www.econbiz.de/10011812167

Fiscal multipliers of central, state and local government and of the social security funds in Germany : evidence of a SVAR

Hollmayr, Josef; Kuckuck, Jan - 2018

By applying a Structural Vector Autoregressive (SVAR) approach this paper estimates the effects of fiscal policy shocks of different government sub-sectors on aggregate GDP in Germany. From a general government perspective, the results show that besides investment, it is particularly changes in...

Persistent link: https://www.econbiz.de/10011897960

Codependent VAR models and the pseudo-structural form

Trenkler, Carsten; Weber, Enzo - 2012

This paper investigates whether codependence restrictions can be uniquely imposed on VAR and VEC models via the so …

Persistent link: https://www.econbiz.de/10011489949