Showing 1 - 10 of 321
This study compares labor and total factor productivity (TFP) in France, Japan, the United Kingdom and the United … extent also relative to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the … remarkable catching-up to the United States by France and Japan after WW2, interrupted in the case of Japan during the 1990s …
Persistent link: https://www.econbiz.de/10013142701
Blanchard and Quah(1989) to compute the core inflation in UK. We apply the same technique for France, Germany and UK. Moreover … underlying level in Germany. Stronger nominal rigidity in Germany would explain such a fact …
Persistent link: https://www.econbiz.de/10013131867
United States, France, the United Kingdom, Germany, Spain, Japan and the Netherlands. There are already a large number of …, France and the United Kingdom. Productivity trends are then studied over a shorter period, using quarterly data, for the …
Persistent link: https://www.econbiz.de/10013135036
cycle in France, Germany, Italy, the United Kingdom and the United States, using two complementary approaches in our …
Persistent link: https://www.econbiz.de/10013136227
The article contributes to the literature on financial fragility, studying how macro-economic shocks affect supply and demand in the corporate debt market. We take into account the effect of the competitive environment, as well as the risk level, measured by companies' default rate. The model is...
Persistent link: https://www.econbiz.de/10013137974
prices series for four main euro area countries (Germany, France, Italy and Spain). Empirical results show a strong … relationship for business cycles in France, Italy and Spain. Moreover, French and Spanish house prices cycles appear to be strongly … only in Spain and Germany …
Persistent link: https://www.econbiz.de/10013142705
inflation forecasts for France. Mainly two salient points emerge from our results. First, there is a significant contribution of …
Persistent link: https://www.econbiz.de/10013043378
This paper constructs an annual dataset of consumption by income quintiles for France since 1989 in order to make a … France. We find consumption inequality to be overall lower than income inequality, and not to follow the dynamics of income … inequality. Consumption inequality is also higher in the US than in France. Finally, based on the weights of the different …
Persistent link: https://www.econbiz.de/10014258130
This paper deals with tests of the expectations hypothesis of the term structure on French, German, UK and US short-term interest rates. Three tests are examined: the first is based on forward rates and the other two are based on the interest rates spread. First, we show that the puzzle...
Persistent link: https://www.econbiz.de/10013131856
We study in this paper a forecasting model for long-term rates based both on the arbitrage-free hypothesis and the agents' rationality. The long-term rate is expressed as an average of expected short-term rates, which are modelized according to three models: two univariate models (with...
Persistent link: https://www.econbiz.de/10013131872