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Transition, structural divergence, and performance: Eastern Europe and the former Soviet Union over 2000-2007
Cornia, Giovanni Andrea - 2010
classes. In contrast, during the last 20 years, the economies in transition experienced considerable divergence in the …
Persistent link: https://www.econbiz.de/10010280221
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Monetary Policy Transmission and House Prices: European Cross Country Evidence
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009
This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the transmission of monetary policy. We use a pooled VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...
Persistent link: https://www.econbiz.de/10011335567
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Monetary policy transmission and house prices : European cross-country evidence
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...
Persistent link: https://www.econbiz.de/10010271967
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Monetary policy transmission and house prices : European cross country evidence
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009
This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the transmission of monetary policy. We use a pooled VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...
Persistent link: https://www.econbiz.de/10011389092
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Monetary Policy Transmission and House Prices: European Cross-country Evidence
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - CESifo - 2009
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 1995–2006 to generate impulse responses of key macroeconomic variables to a monetary...
Persistent link: https://www.econbiz.de/10005010145
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Monetary Policy Transmission and House Prices: European Cross Country Evidence
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the transmission of monetary policy. We use a pooled VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...
Persistent link: https://www.econbiz.de/10005069152
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Monetary Policy Transmission and House Prices: European Cross Country Evidence
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
This paper explores the importance of housing and mortgage market heterogeneity in 13 European countries for the transmission of monetary policy. We use a pooled VAR model which is estimated over the period 1995-2006 to generate impulse responses of key macroeconomic variables to a monetary...
Persistent link: https://www.econbiz.de/10011128103
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The geography and channels of diffusion at the world's technology frontier
Keller, Wolfgang - 2001
Convergence in per capita income turns on whether technological knowledge spillovers are global or local. Global spillovers favor convergence, while a geographically limited scope of knowledge diffusion can lead to regional clusters of countries with persistently different levels of income per...
Persistent link: https://www.econbiz.de/10010295589
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Agglomeration and Knowledge Diffusion
Bröcker, Johannes - 2004
constant returns to scale models. Convergence as well as divergence is possible, in general, depending on the assumptions about … conditions divergence, convergence or a stable centre-periphery structure emerge. The model allows for different degrees of …
Persistent link: https://www.econbiz.de/10010296232
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Russia's agriculture: eight years in transition - convergence or divergence of regional efficiency
Uvarovsky, Vladimir; Voigt, Peter - 2000
homogeneous negative trend of technical change resulting, altogether, in a divergence of regional agricultural TFP. Because …
Persistent link: https://www.econbiz.de/10010299457