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Disaggregating the international business cycle
Gilhooly, Robert; Weale, Martin; Wieladek, Tomasz - 2012
productivity into contributions from global, country, sector and idiosyncratic factors. During the "Great Recession" our results … suggest that the global factor became the most important determinant of output, hours and labour productivity growth. Before … the dominant influences on output, hours and productivity; sector factors never matter very much. …
Persistent link: https://www.econbiz.de/10009580709
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Trade liberalization, input intermediaries and firm productivity : evidence from China
Defever, Fabrice; Imbruno, Michele; Kneller, Richard - 2019
Persistent link: https://www.econbiz.de/10012180914
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Analyzing business and financial cycles using multi-level factor models
Breitung, Jörg; Eickmeier, Sandra - 2014
This paper compares alternative estimation procedures for multi-level factor models which imply blocks of zero …
Persistent link: https://www.econbiz.de/10010373684
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International spillovers and feedback : modelling in a disequilibrium framework
Winker, Peter - 2000
modelling approach and estimation results for the trade submodels are presented in some detail and simmulation results for the …
Persistent link: https://www.econbiz.de/10013428333
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Exchange rate depreciations and local business cycles : the role of bank loan supply
Beck, Thorsten; Bednarek, Peter; Kaat, Daniel Marcel te; … - 2021
This paper uses matched bank-firm-level data and the 2014 depreciation of the euro to show that exchange rate depreciations lead to increased bank loan supply of large banks with significant net foreign asset exposure. This increase in lending can be explained by a shift in credit towards both...
Persistent link: https://www.econbiz.de/10012792736
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Did output gap measurement improve over time?
Chiu, Adrian; Wieladek, Tomasz - 2012
We study whether the accuracy of real-time estimates of the output gap produced by the OECD has improved over time by examining a panel dataset on real-time output gap revisions for 15 countries from 1991 Q1 - 2005 Q4. We use a simple panel data regression and a state space model, with common...
Persistent link: https://www.econbiz.de/10009559228
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Robust real-time estimates of the German output gap based on a multivariate trend-cycle decomposition
Berger, Tino; Ochsner, Christian - 2022
The German economy is an important economic driver in the Euro-area in terms of gross domestic product, labour force and international integration. We provide a state of the art estimate of the German output gap between 1995 and 2022 and present a nowcasting scheme that accurately predicts the...
Persistent link: https://www.econbiz.de/10013370512
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The macroeconomic effects of climate shocks in Thailand
Chaitat Jirophat; Pym Manopimoke; Suparit Suwanik - 2022
Persistent link: https://www.econbiz.de/10013431683
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Consumption and real exchange rates with incomplete markets and non-traded goods
Benigno, Gianluca (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003405163
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Portfolio allocation and international risk sharing
Benigno, Gianluca; Küçük-Tuger, Hande - 2011
Recent contributions have shown that it is possible to account for the so-called consumptionreal exchange anomaly in models with goods market frictions where international asset trade is limited to a riskless bond. In this paper, we consider a more realistic international asset market structure...
Persistent link: https://www.econbiz.de/10008988794