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Long run evidence on money growth and inflation
Benati, Luca - 2009
Over the last two centuries, the cross-spectral coherence between either narrow or broad money growth and inflation at the frequency ù=0 has exhibited little variationbeing, most of the time, close to onein the U.S., the U.K., and several other countries, thus implying that the fraction of...
Persistent link: https://www.econbiz.de/10003832319
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Drift and breaks in labor productivity
Benati, Luca (contributor) - 2007
productivityboth per hour and per workerin the United States, the Eurozone, the United Kingdom, Australia, and Japan over the post …
Persistent link: https://www.econbiz.de/10003410608
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A new approach to measuring competition in the loan markets of the euro area
Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - 2007
on the lending markets in the five major EU countries as well as, for comparison, the UK, the US and Japan. Bearing the …, whereas overall loan markets in Germany and Spain were among the best competitive in the EU. The Netherlands occupied a more …, particularly in Germany and the US, than savings and cooperative banks …
Persistent link: https://www.econbiz.de/10003484173
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Unconventional monetary policy and the great recession : estimating the impact of a compression in the yield spread at the zero lower bound
Baumeister, Christiane; Benati, Luca - 2010
area, Japan, and U.K.) a compression in the long-term yield spread exerts a powerful effect on both output growth and …
Persistent link: https://www.econbiz.de/10008688522
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A new approach to measuring competition in the loan markets of the euro area
Leuvensteijn, Michiel van; Bikker, Jacob A.; Rixtel, … - 2007
Persistent link: https://www.econbiz.de/10003495971
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Joint estimation of the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output
Benati, Luca (contributor); Vitale, Giovanni (contributor) - 2007
We jointly estimate the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output for the Euro area, the United States, Sweden, Australia, and the United Kingdom. Particular attention is paid to time-variation in (i) the data-generation process for...
Persistent link: https://www.econbiz.de/10003516685
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Investigating time-variation in the marginal predictive power of the yield spread
Benati, Luca (contributor);  … - 2007
We use Bayesian time-varying parameters VARs with stochastic volatility to investigate changes in the marginal predictive content of the yield spread for output growth in the United States and the United Kingdom, since the Gold Standard era, and in the Eurozone, Canada, and Australia over the...
Persistent link: https://www.econbiz.de/10003516698