Showing 1 - 10 of 1,062
Persistent link: https://www.econbiz.de/10014428785
instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of … money demand but constant across member countries. -- Money demand ; cross-country analysis ; panel error correction model …
Persistent link: https://www.econbiz.de/10008664568
Persistent link: https://www.econbiz.de/10014445974
We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth …. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For … developing countries. -- Inflation Thresholds ; Inflation and Growth ; Dynamic Panel Threshold Model …
Persistent link: https://www.econbiz.de/10003876000
We estimate the "unhedged interest rate exposure" (URE) of euro area households. The URE is a welfare metric that captures the extent to which households are exposed to changes in real interest rates, and reflects the direct gains and losses in interest income flows incurred by households after...
Persistent link: https://www.econbiz.de/10011963126
Persistent link: https://www.econbiz.de/10001664578
Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the frequency spectrum and across time. We find evidence of...
Persistent link: https://www.econbiz.de/10010433361
Persistent link: https://www.econbiz.de/10003528378
pronounced before recessions. The results obtained from a panel probit model confirm that the divergence between the Divisia and …
Persistent link: https://www.econbiz.de/10012023395
unexplained deviations capture foreign exchange rate risk premia. Using panel data techniques, we test the theoretical prediction …
Persistent link: https://www.econbiz.de/10008695840