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Does U.S. Monetary Policy Respond to Macroeconomic Uncertainty?

Gomez, Thomas; Piccillo, Giulia - 2023

real-time, Bayesian estimation of a small monetary VAR with time-varying parameters. We use it to calculate the probability …

Persistent link: https://www.econbiz.de/10014357029

Does Economic Policy Uncertainty Encourage Gambling? Evidence from the Chinese Welfare Lottery Market

Xu, Can; Steiner, Andreas; de Haan, Jakob - 2023

This paper investigates the effect of economic policy uncertainty (EPU) on gambling activity in China. Based on a theoretical model, we hypothesize that EPU increases the demand for hope which raises the willingness to pay for lottery tickets, resulting in higher lottery sales. We estimate a...

Persistent link: https://www.econbiz.de/10014262034

FDI and the Relevance of Spatial Linkages : Do Third Country Effects Matter for Dutch FDI?

Garretsen, Harry - 2013

The aim of this paper is to test for the relevance of spatial linkages for Dutch (outbound) FDI. To do so, and based on recent FDI theories, we estimate a spatial lag model to assess the importance of spatial linkages for Dutch FDI to 18 host countries. As a determinant of FDI, space or...

Persistent link: https://www.econbiz.de/10012753723

The Trade and FDI Effects of EMU Enlargement

Brouwer, J.; Paap, Richard; Viaene, Jean-Marie - 2021

This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a dataset of unbalanced...

Persistent link: https://www.econbiz.de/10013316812

Yield Curve and Financial Uncertainty : Evidence Based on Us Data

Castelnuovo, Efrem - 2019

How do short and long term interest rates respond to a jump in financial uncertainty? We address this question by conducting a local projections analysis with US monthly data, period: 1962-2018. The state-of-the-art financial uncertainty measure proposed by Ludvigson, Ma, and Ng (2019) is found...

Persistent link: https://www.econbiz.de/10012867014

Cross-Country Unemployment Insurance, Transfers, and Trade-Offs in International Risk Sharing

Enders, Zeno; Vespermann, David - 2021

We assess to which degree an international transfer mechanism can enhance consumption risk sharing as well as … analyze the changing dynamics that a EUBS brings about. We find that a EUBS can provide risk sharing by stabilizing relative …-spending shocks. Yet, since this trade-off between allocative efficiency and consumption risk sharing does not exist after certain …

Persistent link: https://www.econbiz.de/10013236196

The Impact of Aggregate Uncertainty on Firm-Level Uncertainty

Easaw, Joshy; Grimme, Christian - 2021

We analyse the extent to which firm-level uncertainty is affected by aggregate uncertainty. Firm-level uncertainty is constructed from a large and monthly panel dataset of manufacturing firms. We find that aggregate uncertainty has a positive and robust impact on firm-level uncertainty. This...

Persistent link: https://www.econbiz.de/10013239562

Forecasting with Panel Data : Estimation Uncertainty Versus Parameter Heterogeneity

Pesaran, M. Hashem; Pick, Andreas; Timmermann, Allan - 2022

methods provide better overall forecasting performance and offer more attractive risk profiles compared to individual, pooled …

Persistent link: https://www.econbiz.de/10013292495

Federalism and Foreign Direct Investment - An Empirical Analysis

Feld, Lars P.; Koehler, Ekkehard A.; Palhuca, Leonardo; … - 2021

Previous empirical studies suggest that decentralization, measured by the number of government layers, is associated with less foreign direct investment (FDI). With an improved dataset on tax autonomy of sub-federal government tiers, we present evidence that fiscal decentralization (de facto)...

Persistent link: https://www.econbiz.de/10013224081

Profit Shifting in the EU : Evidence from Germany

Weichenrieder, Alfons J. - 2021

The paper considers profit shifting behavior using data on German inbound and outbound FDI. It finds an empirical correlation between the home country tax rate of a parent and the net of tax profitability of its German affiliate that is consistent with profit shifting behavior. For profitable...

Persistent link: https://www.econbiz.de/10013316976

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