Similar Search Results

Business cycles and remittances: can the Beveridge-Nelson decomposition provide new evidence?

Coronado, Roberto - Federal Reserve Bank of Dallas - 2009

In this paper, I analyze the business cycle properties of remittances and output series for three pairs of countries: United States-Mexico, United States-El Salvador, and Germany-Turkey. Using an unobserved components state-space model (via the Beveridge-Nelson decomposition), I decompose the...

Persistent link: https://www.econbiz.de/10008611001

The dynamics of economics functions: modelling and forecasting the yield curve

Bowsher, Clive G.; Meeks, Roland - Federal Reserve Bank of Dallas - 2008

and forecasting time series of economic functions. The underlying, continuous economic function (or "signal") is a natural … its dynamics as the cross-sectional dimension N becomes large, and can feasibly be estimated and used for forecasting when … forecasting 36-dimensional yield curves for US Treasury bonds at the one month ahead horizon. The method consistently outperforms …

Persistent link: https://www.econbiz.de/10005346105

Some preliminary evidence on the globalization-inflation nexus

Guilloux, Sophie; Kharroubi, Enisse - Federal Reserve Bank of Dallas - 2008

The aim of this paper is to evaluate the impact of globalization, if any, on inflation and the inflation process. We estimate standard Phillips curve equations on a panel of OECD countries over the last 25 years. While recent papers have concluded that globalization has had no significant...

Persistent link: https://www.econbiz.de/10005367957

Decomposition of feedback between time series in a bivariate error-correction model

Koo, Jahyeong; Johnson, Paul A. - Federal Reserve Bank of Dallas - 1997

Persistent link: https://www.econbiz.de/10005346078

Time-varying oil price volatility and macroeconomic aggregates

Plante, Michael; Traum, Nora - Federal Reserve Bank of Dallas - 2012

We illustrate the theoretical relation among output, consumption, investment, and oil price volatility in a real business-cycle model. The model incorporates demand for oil by a firm, as an intermediate input, and by a household, used in conjunction with a durable good. We estimate a stochastic...

Persistent link: https://www.econbiz.de/10010554995

Detecting level shifts in time series: misspecification and a proposed solution

Balke, Nathan S. - Federal Reserve Bank of Dallas - 1991

Persistent link: https://www.econbiz.de/10005721363

Measuring oil-price shocks using market-based information

Wu, Tao; Cavallo, Michele - Federal Reserve Bank of Dallas - 2009

We study the effects of oil-price shocks on the U.S economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event types. We then develop measures of exogenous shocks that avoid endogeneity and predictability...

Persistent link: https://www.econbiz.de/10008497231

Does aggregate output have a unit root?

Wynne, Mark A. - Federal Reserve Bank of Dallas - 1992

Persistent link: https://www.econbiz.de/10005394434

Large shocks, small shocks, and economic fluctuations: outliers in macroeconomic times series

Balke, Nathan S.; Fomby, Thomas B. - Federal Reserve Bank of Dallas - 1991

Persistent link: https://www.econbiz.de/10005394449

Inflation, real interest rates and the Fisher equation since 1983

Emery, Kenneth M. - Federal Reserve Bank of Dallas - 1990

Persistent link: https://www.econbiz.de/10005514305