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The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...
Persistent link: https://www.econbiz.de/10011506475
changes in France, Germany and Italy. … the productivity of the economy. Trends in social consumption/GDP, and in fiscal policy, reflected political regime …
Persistent link: https://www.econbiz.de/10009781700
, Italy and the UK). The empirical results suggest that inflation in France and Italy is nonstationary. However, while for the … parameters at each frequency separately, and adopt this framework to model quarterly prices in three European countries (France … former country this applies both to the zero and the seasonal frequencies, in the case of Italy the nonstationarity comes …
Persistent link: https://www.econbiz.de/10003850335
This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo s World Economic Survey to answer questions on the importance and...
Persistent link: https://www.econbiz.de/10011399168
, this will be illustrated for the cases of France, Germany, Italy, Japan, Sweden, the UK, and the US. The results are based …
Persistent link: https://www.econbiz.de/10011514127
, Italy, Japan, and the United States. In all six countries we find a strong negative relationship between a city's share of …We investigate the employment consequences of deindustrialization for 1,993 cities in France, Germany, Great Britain …
Persistent link: https://www.econbiz.de/10014444059
from millions of digitized books for the USA, UK, Germany, France, Italy and Spain. While existing measures go back at most …
Persistent link: https://www.econbiz.de/10011476047
Persistent link: https://www.econbiz.de/10011402689
This article presents a systematic and extensive empirical study on the presence of Markov switching dynamics in three dollar-based exchange rates. A Monte Carlo approach is adopted to circumvent the statistical inference problem inherent to the test of regime-switching behavior. Two data...
Persistent link: https://www.econbiz.de/10002521681
positive price-income association is attributable, at least partly, to the Balassa-Samuelson productivity differential effect …
Persistent link: https://www.econbiz.de/10009707555