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apparently in favour of Balassa-Samuelson effects may require a re-interpretation. The model is estimated for a panel of CEE … scheinen, müssen deshalb möglicherweise neu interpretiert werden. Das Modell wird für ein Panel von mittel- und osteuropäischen …
Persistent link: https://www.econbiz.de/10005083090
This paper gives a brief survey of forecasting with panel data. Starting with a simple error component regression and … applications, running horse races between heterogeneous and homogeneous panel data models using out of sample forecasts. …
Persistent link: https://www.econbiz.de/10005083228
interest rate reaction functions based on a panel including actual EMU Member States. We find that exploiting the cross …-section dimen- sion of a multi-country panel and accounting for cross-country heterogeneity in advance of the single monetary policy … panel reaction function which is demonstrated to be a valuable tool for evaluating episodes of monetary policy since 1999. …
Persistent link: https://www.econbiz.de/10005083306
The main challenge of forecasting credit default risk in loan portfolios is forecasting the default probabilities and the default correlations. We derive a Merton-style threshold-value model for the default probability which treats the asset value of a firm as unknown and uses a factor model...
Persistent link: https://www.econbiz.de/10005082801
and identifies specific channels through which such effects occur. Based on a gravity model we examine a panel data set on …
Persistent link: https://www.econbiz.de/10008534150
-financial corporations in Germany during the recent financial crisis. We use a panel approach based on a unique data set which matches the …
Persistent link: https://www.econbiz.de/10009646499
This paper investigates economic convergence in real income per capita between 27 European Union countries. We employ a non-linear latent factor framework to study transitional behavior among economies between 1970 and 2010. Our results offer important insights on the economic catch-up exhibited...
Persistent link: https://www.econbiz.de/10010984716
from country-specific vectorautoregressive (VAR) models and a non-standard panel VAR model match. In the country …-specific VAR models, the impulse responses vary across countries in an unrestricted fashion. In the panel VAR model, the impulse …
Persistent link: https://www.econbiz.de/10010957093
from country-specific vectorautoregressive (VAR) models and a non-standard panel VAR model match. In the country …-specific VAR models, the impulse responses vary across countries in an unrestricted fashion. In the panel VAR model, the impulse …
Persistent link: https://www.econbiz.de/10010535439
analyze the dynamic relations between efficiency and performance in the German banking market. To this end we use panel data …
Persistent link: https://www.econbiz.de/10005082751