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Structural vector autoregressive models and monetary policy analysis

Holtemöller, Oliver - 2002

In this paper, the structural vector autoregressive (SVAR) model is used to analyze short-run and contemporaneous relationships between monetary aggregates and other macroeconomic variables. This requires imposing restrictions on the correlation structure of the VAR residuals. Different...

Persistent link: https://www.econbiz.de/10009620773

Interest parity at short and long horizons

Chinn, Menzie David; Meredith, Guy - 2000

The unbiasedness hypothesis -- the joint hypothesis of uncovered interest parity (UIP) and rational expectations -- has been almost universally rejected in studies of exchange rate movements. In contrast to previous studies, which have used short-horizon data, we test this hypothesis using...

Persistent link: https://www.econbiz.de/10009583878

On the (nonlinear) relationship between exchange rate uncertainty and trade : an investigation of US trade figures in the Group of Seven

Herwartz, Helmut (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001918978

Does future PC use determine our wages today? : evidence from German panel data

Anger, Silke; Schwarze, Johannes - 2002

Using 1985-1999 data from the German Socio-Economic Panel Study (GSOEP) to analyze wages we confirm the hypothesis that existing computer wage premiums are determined by individual ability or other unobserved individual characteristics rather than by productivity effects. While a rather large...

Persistent link: https://www.econbiz.de/10009620769

On the wages of temporary help service workers in Germany

Kvasnicka, Michael; Werwatz, Axel - 2002

Help Service (THS) employment, as well as the long-term effects of THS work on the future earnings of workers. In addition …

Persistent link: https://www.econbiz.de/10009626745

Fixed-term contracts in East and West Germany : low wages, poor prospects?

McGinnity, Frances; Mertens, Antje - 2002 - Rev.

Amid lively debate on the consequences of temporary employment, the paper examines the wages and transitions of … same employer. For some temporary employment leads to unemployment, particularly those with low human capital. Positioning … ourselves between arguments on the positive and negative consequences of temporary employment, we develop the idea of a two …

Persistent link: https://www.econbiz.de/10009627289

Estimating wage losses of displaced workers in Germany

Burda, Michael C.; Mertens, Antje - 1999

This paper investigates the effect of displacement on reemployment wages of socially insured West German workers who became unemployed in 1986. Because detailed information on the cause of job loss is unavailable, displacement status is imputed using a probit estimated on the German...

Persistent link: https://www.econbiz.de/10009580479

On the job search and the wage distribution

Christensen, Bent Jesper; Mortensen, Dale; Neumann, … - 2000

some cases all of the employment effect, defined as the difference between median wage earned by employed workers and the …

Persistent link: https://www.econbiz.de/10009612015

Did the Fed surprise the markets in 2001? : a case study for VARs with sign restrictions

Uhlig, Harald - 2001

In 2001, the Fed has lowered interest rates in a series of cuts, starting from 6.5 % at the end of 2000 to 2.0 % by early November. This paper asks, whether the Federal Reserve Bank has been surprising the markets, taking as given the conventional view about the effect of monetary policy shocks....

Persistent link: https://www.econbiz.de/10009618362

Lag selection in subset VAR models with an application to a US monetary system

Brüggemann, Ralf; Lütkepohl, Helmut - 2000

Alternative modeling strategies for specifying subset VAR models are considered. It is shown that under certain conditions a testing procedure based on t-ratios is equivalent to sequentially eliminating lags that lead to the largest improvement in a prespecified model selection criterion. A...

Persistent link: https://www.econbiz.de/10009583885

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