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This paper employs a panel vector autoregressive model for the member countries of the Euro Area to explore the role of … characterized by a considerable degree of cross-country heterogeneity. -- Euro Area ; panel vector autoregressive model ; sign …
Persistent link: https://www.econbiz.de/10009012054
This paper uses panel vector autoregressive models and simulations of an estimated DSGE model to explore the reaction …
Persistent link: https://www.econbiz.de/10010338974
Persistent link: https://www.econbiz.de/10003498678
We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search frictions, wage bargaining, and a redistributive welfare state. Our quantitative analysis suggests that, in all 20 countries studied, immigration attenuates the effects of...
Persistent link: https://www.econbiz.de/10010418118
Persistent link: https://www.econbiz.de/10003282310
countries symmetrically. We use a panel VAR model which is estimated over the period 1996 - 2007 to generate impulse responses … area inflation ; heterogeneity ; panel VAR model …
Persistent link: https://www.econbiz.de/10003871916
Persistent link: https://www.econbiz.de/10003463001
Persistent link: https://www.econbiz.de/10003421874
This paper addresses the credit channel in Germany by using aggregate data. We present a stylized model of the banking firm in which banks decide on their loan supply in the light of expectations about the future course of monetary policy. Applying a VAR model, we estimate the response of bank...
Persistent link: https://www.econbiz.de/10008859505
Persistent link: https://www.econbiz.de/10003496544