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Identification of New Keynesian Phillips Curves from a global perspective
Dées, Stephane; Pesaran, M. Hashem; Smith, L. Vanessa; … - 2008
number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first …
Persistent link: https://www.econbiz.de/10003652695
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Infinite dimensional VARs and factor models
Chudik, Alexander (contributor);  … - 2007
This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...
Persistent link: https://www.econbiz.de/10003646695
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Phillips curves and unemployment dynamics : a critique and a holistic perspective
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2006
"The conventional wisdom that inflation and unemployment are unrelated in the long-run implies that these phenomena can be analysed by separate branches of economics. The macro literature tries to explain inflation dynamics and estimates the NAIRU. The labour macro literature tries to explain...
Persistent link: https://www.econbiz.de/10003359297
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International migration with heterogeneous agents : theory and evidence
Brücker, Herbert (contributor);  … - 2006
investigation of the cointegration relationships of German migration stocks and flows since 1967. We find that (i) panel-unit root … migration stocks and the explanatory variables are all I(1) variables, and (ii) the hypothesis of cointegration cannot be … rejected for the stock model. -- international migration ; temporary migration ; panel cointegration …
Persistent link: https://www.econbiz.de/10003376850
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Cross-country connectedness in inflation and unemployment: measurement and macroeconomic consequences
Binh Thai Pham; Sala, Hector - 2021
We bring the notion of connectedness (Diebold and Yilmaz, 2012) to a set of two critical macroeconomic variables as inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro setting – to explore the extent and consequences of...
Persistent link: https://www.econbiz.de/10012491801
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Oil price stabilization and global welfare
Liu, Qing; Shi, Kang; Wu, Zhouheng; Xu, Juanyi - In: Journal of development economics 111 (2014), pp. 246-260
Persistent link: https://www.econbiz.de/10011293846
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A quantitative reassessement of the finance-growth nexus : evidence from a multivariate VAR
Luintel, Kul Bahadur; Khan, Mosahid - In: Journal of development economics 60 (1999) 2, pp. 381-405
Persistent link: https://www.econbiz.de/10001422736
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Primary commodity prices : co-movements, common factors and fundamentals
Byrne, Joseph P. - In: Journal of development economics 101 (2013), pp. 16-26
Persistent link: https://www.econbiz.de/10009742984
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What matters for environmental quality in the Next-11 countries : economic growth or income inequality?
Padhan, Hemachandra; Haouas, Ilham; Sahoo, Bhagaban; … - 2018
This study uses 1971-2013 panel data to explore the implications of growth, wealth disparities and energy consumption on carbon emissions in a sample of Next-Eleven (N-11) countries. It uses modern econometric techniques to highlight a long-run interplay between selected variables in the carbon...
Persistent link: https://www.econbiz.de/10011816704
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The determinants of crude oil prices : evidence from ARDL and nonlinear ARDL approaches
Ben Salem, Leila; Nouira, Ridha; Jeguirim, Khaled; … - 2022
) approach is used to explore this asymmetry. The use of an asymmetric error correction model with asymmetric cointegration …
Persistent link: https://www.econbiz.de/10013429325