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Aggregation in large dynamic panels
Pesaran, M. Hashem; Chudik, Alexander - 2011
Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper … concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …
Persistent link: https://www.econbiz.de/10009130496
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On econometric analysis of structural systems with permanent and transitory shocks and exogenous variables
Pagan, Adrian R. (contributor);  … - 2007
structural models in the general case where the model might contain more than one permanent structural shock. It provides a …-run restrictions than are needed because of a failure to fully utilize the cointegration information. …
Persistent link: https://www.econbiz.de/10003536155
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Real and nominal wage rigidities and the rate of inflation : evidence from West German micro data
Bauer, Thomas K. (contributor); Bonin, Holger (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001869625
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Long memory in Turkish unemployment rates
Gil-Alaña, Luis A.; Ozdemir, Zeynel Abidin; Tansel, Aysıt - 2017
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...
Persistent link: https://www.econbiz.de/10011735904
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Counteracting unemployment in crises : non-linear effects of short-time work policy
Gehrke, Britta; Hochmuth, Brigitte - 2018
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
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Local and spatial cointegration in the wage curve : a spatial panel analysis for German regions
Kosfeld, Reinhold; Dreger, Christian - 2015
this paper, we adopt a global cointegration approach recently proposed by Bienstock and Felsenstein (2010) to account for …
Persistent link: https://www.econbiz.de/10011407949
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Are apprenticeships business cycle proof?
Lüthi, Samuel; Wolter, Stefan C. - 2018
year after the shock, firms compensate for their immediate reaction, with the result that no permanent effect is observable. …
Persistent link: https://www.econbiz.de/10011810037
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Happiness and the persistence of income shocks
Bayer, Christian; Juessen, Falko - 2012
novel two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As …
Persistent link: https://www.econbiz.de/10009575109
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Characteristics of unemployment dynamics : the chain reaction approach
Karanassou, Marika; Snower, Dennis J. - 2000
lagged adjustment processes. In the context of estimated labor market systems for Germany, the UK, and the US, we construct … labor resources generated in the aftermath of a shock). Furthermore, we estimate the contributions of individual lagged …
Persistent link: https://www.econbiz.de/10011325992
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The German manufacturing sector is a granular economy
Wagner, Joachim - 2011
; idiosyncratic shocks ; granular residual ; Germany …
Persistent link: https://www.econbiz.de/10009519874