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What do we know about recent exchange rate models? : In-sample fit and out-of-sample performance evaluated

Cheung, Yin-Wong; Chinn, Menzie David; Garcia Pascual, … - 2003

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970's vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10001753593

Electoral uncertainty, fiscal policies & growth : theory and evidence from Germany, the UK and the US

Economides, George (contributor) - 2003

economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …

Persistent link: https://www.econbiz.de/10001900202

Are different-currency assets imperfect substitutes?

Evans, Martin D. D.; Lyons, Richard K. - 2003

This paper provides a new test for whether different-currency assets are imperfect substitutes. The test exploits that under floating rates, changing public currency demand has no direct effect on monetary fundamentals, current or future. Price effects from imperfect substitutability are clearly...

Persistent link: https://www.econbiz.de/10001775073

Real wages and business cycle asymmetries : presented at CESifo conference "Academic Use of ifo Survey Data", december 2003

Woitek, Ulrich - 2004

and Germany to condition the relationship between real wages and business fluctuations on the phase of the cycle, it is … demonstrated that the inconclusive evidence is not only caused by measurement problems, estimation method and composition bias as … general, the evidence for countercyclical wages is stronger in Germany than for the US, but taken together there is no clear …

Persistent link: https://www.econbiz.de/10002104675

Significance of development stage theory for explaining industrial growth pattern between Asian NICs and selected advanced economics [economies]

Nam, Chang-woon - 2002

innovation efforts of indigenous firms, and export expansion of manufactured goods. Furthermore, fast economic growth and active … like Japan, West Germany and the US. …

Persistent link: https://www.econbiz.de/10001652953

Vertical product differentiation and the import demand function : theory and evidence

Malley, James R.; Moutos, Thomas - 2000

hypotheses in the data for Germany, Japan and the United States. …

Persistent link: https://www.econbiz.de/10001564519

Inequality and the state : comparing U.S. and German preferences

Corneo, Giacomo - 2000

Survey data from the United States, West Germany and East Germany are analyzed to compare individual attitudes towards … political redistribution in each country. In West Germany the "homo oeconomicus effect", the "social rivalry effect" and the … the third effect disappears, in East Germany both the second and the third effect disappear. …

Persistent link: https://www.econbiz.de/10001564525

Economic growth and endogenous fiscal policy : in search of a data consistent general equilibrium model

Malley, James R.; Philippopulos, Apostolēs - 2000

explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the … is necessary to formally test the models ̕theoretical restrictions. In West Germany and Japan there is evidence that the …

Persistent link: https://www.econbiz.de/10001452355

Does institutional change really matter? : Inflation targets, central bank reform and interest rate policy in the OECD countries

Muscatelli, V. Anton; Tirelli, Patrizio; Trecroci, Carmine - 2000

We estimate forward-looking interest-rate reaction functions for the G3 economies and for a group of countries which recently adopted inflation targets. Some significant shifts in the conduct of monetary policy are detected in the G3 countries, especially in the USA and Japan. In contrast with...

Persistent link: https://www.econbiz.de/10001477148

Do central banks have precautionary demands for expansions and for price stability? : Theory and evidence

Cukierman, Alex; Muscatelli, V. Anton - 2002

for low inflation. Using data for four G7 economies, the paper shows that, except for Germany, nonlinear and asymmetric …

Persistent link: https://www.econbiz.de/10001688781