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Dependence measures in bivariate gamma frailty models

Berg, Gerard J. van den; Effraimidis, Georgios - 2014

Bivariate duration data frequently arise in economics, biostatistics and other areas. In "bivariate frailty models", dependence between the frailties (i.e., unobserved determinants) induces dependence between the durations. Using notions of quadrant dependence, we study restrictions that this...

Persistent link: https://www.econbiz.de/10010339585

VC : a method for estimating time-varying coefficients in linear models

Schlicht, Ekkehart - 2020

This paper describes a moments estimator for a standard state-space model with coefficients generated by a random walk. A penalized least squares estimation is linked to the GLS (Aitken) estimates of the corresponding linear model with time-invariant parameters. The VC estimates are moments...

Persistent link: https://www.econbiz.de/10012161405

The causal effects of inflation uncertainty on households' beliefs and actions

Georgarakos, Dimitris; Gorodnichenko, Yuriy; Coibion, … - 2024

We implement a survey-based randomized information treatment that generates independent variation in the inflation … expectations and the uncertainty about future inflation of European households. This variation allows us to assess how both first … and second moments of inflation expectations separately affect subsequent household decisions. We document several key …

Persistent link: https://www.econbiz.de/10015069388

Transmission of US and EU economic policy uncertainty shock to Asian economies in bad and good times

Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2020

This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...

Persistent link: https://www.econbiz.de/10012226632

Productivity growth and the Phillips curve : a reassessment of the US experience

Karanassou, Marika; Sala, Hector - 2009

the PC and explain the evolution of inflation and unemployment in the US from 1970 to 2006. Since our empirical … and inflation, while the monetary expansion was quite ineffective and led mainly to higher inflation. Finally, the …

Persistent link: https://www.econbiz.de/10003879334

Examining the impact of macro-economic conditions on income inequality

Jäntti, Markus; Jenkins, Stephen - 2001

and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

Persistent link: https://www.econbiz.de/10011403817

Recession and deflation?

Blanchflower, David G.; Bryson, Alex - 2022

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is …

Persistent link: https://www.econbiz.de/10013448558

The impact of inflation targeting on inflation and growth: how robust is the evidence?

Junankar, Pramod N.; Wong, Chun Yee - 2020

This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … evidence to show that the support for a successful Inflation Targeting policy is very weak or non-existent. We use various … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this …

Persistent link: https://www.econbiz.de/10012227388

Combining micro and macro unemployment duration data

Berg, Gerard J. van den; Klaauw, Bas van der - 2000

We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the total inflow into unemployment. We estimate the...

Persistent link: https://www.econbiz.de/10011318596

Extraordinary labor market developments and the 2022-23 disinflation

Davis, Steven J. - 2024

Two extraordinary U.S. labor market developments facilitated the sharp disinflation in 2022-23 without raising the unemployment rate. First, pandemic-driven infection worries and social distancing intentions caused a sizable drag on labor force participation that began to reverse in the first...

Persistent link: https://www.econbiz.de/10014550371