impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate … whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … 'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …

is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of … hysteresis effect - is quite popular among economists. However, because of an identification problem, much of the empirical … evidence for hysteresis. …

rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate co-integration … contradicts the natural rate hypothesis, introduce a version of the New Keynesian model which allows for some hysteresis and …

German exports. -- exchange rate movements ; play-hysteresis ; modelling techniques ; switching/spline regression ; export … exports is then estimated based on quarterly data from 1995Q1 to 2010Q3. For some of the main export partners of Germany …A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond …

exports is then estimated based on quarterly data from 1995Q1 to 2010Q3. For some of the main export partners of Germany …A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond … describing path-dependent play-hysteresis into a regression framework. The hysteretic impact of real exchange rates on German …

exports is then estimated based on quarterly data from 1995Q1 to 2010Q3. For some of the main export partners of Germany …A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond … describing path dependent play-hysteresis into a regression framework. The hysteretic impact of real exchange rates on German …

path‐dependent play‐hysteresis into a regression framework. The hysteretic impact of real exchange rates on German exports …A non‐linear model is applied, where suddenly strong spurts of exports occur when changes of the exchange rate go … is estimated based on the period from 1995Q1 to 2010Q3. Looking at some of the main export partners of Germany outside …

, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with …

, results obtained from panel estimation indicate that the degree of long run inflation persistence has converged. In line with …