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Extracting leading indicators of bank fragility from market prices : Estonia focus
Chen, Yu-Fu (contributor); Funke, Michael (contributor);  … - 2006
Banking reform has proved to be one of the most problematic elements of economic transition in central and Eastern Europe. Therefore the paper considers the development of the Estonian banking sector and derives individual banks ́fragility scores during transition. To this end we use...
Persistent link: https://www.econbiz.de/10003300957
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Export Variety and Economic Growth in East European Transition Economies
Funke, Michael; Ruhwedel, Ralf - 2007
Utilising panel data for 14 East European transition economies, we find support for the hypothesis that a greater degree of export variety relative to the U.S. helps to explain relative per capita GDP levels. The empirical work relies upon some direct measures of product variety calculated from...
Persistent link: https://www.econbiz.de/10014224095
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Export Variety and Economic Growth in East European Transition Economies
Funke, Michael; Ruhwedel, Ralf - 2005
Utilizing panel data for 14 East European transition economies, we discuss the link between product variety and growth. The empirical work relies upon some direct measures of product variety calculated from 5-digit OECD trade data. On balance, the results suggest that the growth patterns of the...
Persistent link: https://www.econbiz.de/10014067668
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The cross-sectional dynamics of German business cycles: a bird's eye view
Döpke, Jörg; Funke, Michael; Holly, Sean; Weber, Sebastian - 2005
We establish some stylised facts for Germany's business cycle at the level of the firm. Based on longitudinal firm-level data from the Bundesbank's balance sheet statistic covering, on average, 55,000 firms per year from 1971 to 1998, we analyse the reallocation across individual producers and,...
Persistent link: https://www.econbiz.de/10010295768
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The cross-section of output and inflation in a dynamic stochastic general equilibrium model with sticky prices
Döpke, Jörg; Funke, Michael; Holly, Sean; Weber, Sebastian - 2009
In a standard dynamic stochastic general equilibrium framework, with sticky prices, the cross sectional distribution of output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability that the ith changes its prices in response to a...
Persistent link: https://www.econbiz.de/10010271147
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The cross-section of output and inflation in a dynamic stochastic general equilibrium model with sticky prices
Döpke, Jörg; Funke, Michael; Holly, Sean; Weber, Sebastian - 2009
In a standard dynamic stochastic general equilibrium framework, with sticky prices, the cross sectional distribution of output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability that the ith changes its prices in response to a...
Persistent link: https://www.econbiz.de/10003844356
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The cross-sectional dynamics of German business cycles : a bird's eye view
Döpke, Jörg; Funke, Michael; Holly, Sean; Weber, Sebastian - 2005
We establish some stylised facts for Germany’s business cycle at the level of the firm. Based on longitudinal firm-level data from the Bundesbank’s balance sheet statistic covering, on average, 55,000 firms per year from 1971 to 1998, we analyse the reallocation across individual producers...
Persistent link: https://www.econbiz.de/10003029826
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Economic knock-on effects of Russia's geopolitical risk on advanced economies : a global VAR approach
Blagov, Boris; Dirks, Maximilian W.; Funke, Michael - 2024
Unter Verwendung des Fallbeispiels Russland und eines globalen VAR-Modells als methodisches Instrument analysieren wir … sprunghaften Anstieg des geopolitischen Risikos in Russland nach dem Einmarsch in die Ukraine zeigen einen Rückgang des BIPs und … einen Anstieg der Inflation. Staaten in Osteuropa sind von diesem geopolitischen Risikoschock in Russland besonders …
Persistent link: https://www.econbiz.de/10014466941
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Economic knock-on effects of Russia's geopolitical risk on advanced economies : a global VAR approach
Blagov, Boris; Dirks, Maximilian W.; Funke, Michael - 2024
Using Russia as a case study and a global VAR model as a methodological tool, we analyze how heightened geopolitical risk shocks propagate across advanced economies and quantify the economic effects of these events. The global VAR impulse response functions in response to the skyrocketing...
Persistent link: https://www.econbiz.de/10014452016
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The undisclosed renminbi basket: are the markets telling us something about where the renminbi - US dollar exchange rate is going?
Funke, Michael; Gronwald, Marc - 2008
On 21 July 2005 China adopted an undisclosed basket exchange rate regime. We formally assess and envisage the gradual …
Persistent link: https://www.econbiz.de/10010264340