Narrow search
Showing 1 - 10 of 3,019
Cover Image
Does Household Borrowing Reduce the Trade Balance? Evidence from Developing and Developed Countries
Xu, Can; Jacobs, Jan; de Haan, Jakob - 2021
We examine the dynamic impact of household borrowing on the trade balance using data from 33 developing countries and 36 developed countries over the 1980-2017 period. Our findings suggest that the impact of household borrowing on the trade balance is by and large negative, both in the short and...
Persistent link: https://www.econbiz.de/10013224078
Cover Image
Inter-temporal savings, current account dynamics and asymmetric shocks in a heterogeneous European Monetary Union
Schnabl, Gunther; Zemanek, Holger - 2010
theory of optimum currency areas. We show that the asymmetric shock of the German unification can be seen not only as the …
Persistent link: https://www.econbiz.de/10010275023
Cover Image
A Note on Temporary Supply Shocks with Aggregate Demand Inertia
Caballero, Ricardo J.; Simsek, Alp - 2022
We study optimal monetary policy during temporary supply contractions when aggregate demand has inertia and expansionary policy is constrained. In this environment, it is optimal to run the economy hot until supply recovers. Positive output gaps in the low-supply phase lessen the negative output...
Persistent link: https://www.econbiz.de/10013282457
Cover Image
Does Household Borrowing Reduce the Trade Balance? Evidence from Developing and Developed Countries
Xu, Can; Jacobs, Jan; de Haan, Jakob - 2021
We examine the dynamic impact of household borrowing on the trade balance using data from 33 developing countries and 36 developed countries over the 1980-2017 period. Our findings suggest that the impact of household borrowing on the trade balance is by and large negative, both in the short and...
Persistent link: https://www.econbiz.de/10012599210
Cover Image
World Equity Premium Based Risk Aversion Estimates
Pozzi, Lorenzo - 2013
confidence band for the world risk aversion estimate from the pooled country data is much tighter and the pooled point estimate …
Persistent link: https://www.econbiz.de/10013094420
Cover Image
Consumption and Keynesian fiscal policy
Schclarek, Alfredo - 2004
, the estimation results seem to indicate that government consumption shocks have Keynesian effects for both industrial and …
Persistent link: https://www.econbiz.de/10010261064
Cover Image
Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates
Badinger, Harald - 2020
residuals of the policy rule equation at these shock dates accordingly. In spite of its utmost agnostic nature, this approach …
Persistent link: https://www.econbiz.de/10012822501
Cover Image
Financial Constraints and Propagation of Shocks in Production Networks
Pakel, Banu Demir; Javorcik, Beata Smarzynska; … - 2021
strategy exploits the heterogeneous impact of the shock on importers. The results indicate that this relatively minor, non …-localized shock had a non-trivial economic impact on exposed firms and propagated downstream through affected suppliers. Additional … empirical tests, motivated by a simple theory, demonstrate that low-liquidity firms amplified its transmission …
Persistent link: https://www.econbiz.de/10013315210
Cover Image
The Heterogeneous Response of Real Estate Asset Prices to a Global Shock
Heiniger, Sandro; Koeniger, Winfried; Lechner, Michael - 2022
We estimate the transmission of the pandemic shock in 2020 to prices in the residential and commercial real estate …
Persistent link: https://www.econbiz.de/10014241990
Cover Image
The Econometrics of Oil Market VAR Models
Kilian, Lutz - 2020
Oil market VAR models have become the standard tool for understanding the evolution of the real price of oil and its impact in the macro economy. As this literature has expanded at a rapid pace, it has become increasingly difficult for mainstream economists to understand the differences between...
Persistent link: https://www.econbiz.de/10012839764