Showing 1 - 10 of 16
Persistent link: https://www.econbiz.de/10001037839
Persistent link: https://www.econbiz.de/10012168819
We investigate the existence of Granger-causality between current account and government budget balances over the period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Konya (2006), which is based on SUR systems and Wald tests with country specific...
Persistent link: https://www.econbiz.de/10012764453
We assess the cointegration relationship between current account and budget balances, and effective real exchange rates, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship between the two imbalances for each country for the...
Persistent link: https://www.econbiz.de/10005765818
We investigate the existence of Granger-causality between current account and government budget balances over the period 1970-2007, for different EU and OECD country groupings. We use the panel-data approach of Kónya (2006), which is based on SUR systems and Wald tests with country specific...
Persistent link: https://www.econbiz.de/10005051497
Persistent link: https://www.econbiz.de/10003369492
Persistent link: https://www.econbiz.de/10001338131
Persistent link: https://www.econbiz.de/10001190008
We estimate a nonlinear VAR model to study the real effects of monetary policy shocks in regimes characterized by high vs. low macroeconomic uncertainty. We find unexpected monetary policy moves to exert a substantially milder impact in presence of high uncertainty. We then exploit the set of...
Persistent link: https://www.econbiz.de/10012926998
We employ real-time data available to the US monetary policy makers to estimate a Taylor rule augmented with a measure of financial uncertainty over the period 1969-2008. We find evidence in favor of a systematic response to financial uncertainty over and above that to expected inflation, output...
Persistent link: https://www.econbiz.de/10012910624