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Seasonality in revisions of macroeconomic data
Franses, Philip Hans; Segers, Rene - Faculteit der Economische Wetenschappen, Erasmus … - 2008
of deterministic seasonality in these series. We document that the data show most such deterministic seasonality for …
Persistent link: https://www.econbiz.de/10010731710
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Consumption and wealth in the long run: an integrated unobserved component approach
Gardberg, Malin; Pozzi, Lorenzo - 2018
The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly … relationship between consumption, assets and earnings (i.e., the variable "cay"). The evidence in favor of a stable cointegrating … unobserved component model applied to US data over the period 1951Q4-2016Q4. The regression of consumption on assets and earnings …
Persistent link: https://www.econbiz.de/10011932317
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Consumption and wealth in the long run : an integrated unobserved component approach
Gardberg, Malin; Pozzi, Lorenzo - 2018 - Revision: September 2018
The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly … relationship between consumption, assets and earnings (i.e., the variable "cay"). The evidence in favor of a stable cointegrating … unobserved component model applied to US data over the period 1951Q4-2016Q4. The regression of consumption on assets and earnings …
Persistent link: https://www.econbiz.de/10011844588
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The impact of uncertainty on macro variables: An SVAR-based empirical analysis for EU countries
Belke, Ansgar; Kronen, Dominik - 2017
, consumption and investment. In this paper, we apply a structural vector autoregressive (SVAR) model to gain first insights that … general investment and consumption of longlived goods in the EMU core countries in order to be prepared to react on different …
Persistent link: https://www.econbiz.de/10011663102
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On the time-varying effects of economic policy uncertainty on the US economy
Prüser, Jan; Schlösser, Alexander - 2018
We study the time-varying impact of Economic Policy Uncertainty (EPU) on the US Economy by using a VAR with time-varying coefficients. The coefficients are allowed to evolve gradually over time which allows us to discover structural changes without imposing them a priori. We find three different...
Persistent link: https://www.econbiz.de/10011890105
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The impact of uncertainty on macro variables: An SVAR-based empirical analysis for EU countries
Belke, Ansgar; Kronen, Dominik - 2017
, consumption and investment. In this paper, we apply a structural vector autoregressive (SVAR) model to gain first insights that … general investment and consumption of long-lived goods in the EMU core countries in order to be prepared to react on different …
Persistent link: https://www.econbiz.de/10011936304
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Identifying key macroeconomic shocks to Canadian GDP
Sayeed, Jamil - 2020
This paper seeks to identify the largest two shocks that can explain the movement in Canadian GDP for the period 1981Q1 to 2011Q4. I employ a very flexible identification method proposed by Uhlig (2003) that allows us to identify the key shocks from the time series data without imposing any...
Persistent link: https://www.econbiz.de/10012939241
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Are Crime Rates Really Stationary?
Joakim, Westerlund; Johan, Blomquist - 2009
Many empirical studies of the economics of crime focus solely on the determinants thereof, and do not consider the dynamic and cross-sectional properties of their data. As a response to this, the current paper offers an in-depth analysis of this issue using data covering 21 Swedish counties from...
Persistent link: https://www.econbiz.de/10013208550
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Business cycle accounting for the German fiscal stimulus program during the Great Recession
Fehrle, Daniel; Huber, Johannes - 2020
wedges to the variables government consumption, durables, investment, labor, net exports, and efficiency. The results suggest … consumption wedge and in particular the durables wedge acted counter-cyclical. We attribute the latter to an internationally … government consumption. We introduce a strategy for likelihood maximization, which reliably and quickly locates the maximum …
Persistent link: https://www.econbiz.de/10013329981
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Business cycle accounting for the German fiscal stimulus program during the Great Recession
Fehrle, Daniel; Huber, Johannes - 2020
wedges to the variables government consumption, durables, investment, labor, net exports, and efficiency. The results suggest … consumption wedge and in particular the durables wedge acted counter-cyclical. We attribute the latter to an internationally … government consumption. We introduce a strategy for likelihood maximization, which reliably and quickly locates the maximum …
Persistent link: https://www.econbiz.de/10012606265