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cointegration framework to examine whether Chinese interest rates are driven by the Fed's policy. In a second step, we estimate a … exert relatively autonomous monetary policy. -- Chinese monetary policy ; monetary independence ; cointegration …
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instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of …
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This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10013428321
, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …
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analyse the effect of both, coal and oil on economic growth between 1900 and 2015, exploiting variation at the level of …
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