Showing 1 - 10 of 87
policy response has been to focus on the ratio of private sector credit to GDP for an economy, observing, in particular …-state relationship between private sector credit and GDP in the case of Ireland, a country which, even by international standards …
Persistent link: https://www.econbiz.de/10010686848
This paper derives forecasts for euro area real GDP growth based on a bottom up approach from the production side. That … is, GDP is forecast via the forecasts of value added across the different branches of activity, which is quite new in the … indicators are used to bridge the gap of missing GDP data. The process of selecting the best performing equations is accomplished …
Persistent link: https://www.econbiz.de/10005222305
Abstract: An important part of external or policy shocks is transmitted throughout the economy via various channels of transactions. To analyse such channels and to predict the impact of shocks, it is expedient to know who recently exchanged what with whom and for what purpose. The most...
Persistent link: https://www.econbiz.de/10005162871
panel of 33 countries, including the ten EU acceding countries and structural current account positions are derived. A …
Persistent link: https://www.econbiz.de/10005033415
by Brownlees and Engle (2011) for a panel of 65 large US banks over the last decade and a half. Running panel regressions …
Persistent link: https://www.econbiz.de/10010686754
is one indicator consistently outperforming the other in terms of explaining and forecasting euro area exports. This …
Persistent link: https://www.econbiz.de/10005530816
Traditionally, exports behavior is modeled only as a function of the foreign demand and the real exchange rate. However …, it is by now widely acknowledged that these variables are not able to fully explain exports developments. This paper … the short-run dynamics of exports. Moreover, it is found that this relationship is asymmetric, being stronger and more …
Persistent link: https://www.econbiz.de/10010709537
find that domestic demand developments are relevant for the short-run dynamics of exports in particular during more extreme …
Persistent link: https://www.econbiz.de/10011067264
the impact of unit labor costs on exports. We use exports adjusted for their import content. We find a statistically … margin of exports ranging between -0.2 and -0.4. This result is robust to various specifications, including firm, time and … sector fixed effects and estimation approaches. We find that this elasticity varies between sectors and between firms, with …
Persistent link: https://www.econbiz.de/10011100156
This paper contributes to the literature on the properties of money and creditindicators for detecting asset price misalignments. After a review of the evidence inthe literature on this issue, the paper discusses the approaches that can be consideredto detect asset price busts. Considering a...
Persistent link: https://www.econbiz.de/10005866513