Narrow search
Showing 1 - 10 of 2,871
Cover Image
Cross-country connectedness in inflation and unemployment: measurement and macroeconomic consequences
Binh Thai Pham; Sala, Hector - 2021
setting – to explore the extent and consequences of total and directional volatility spillovers across variables and countries …. Besides, by exploring time-varying connectedness (resulting from country-specific shocks), we find that volatility spillovers …
Persistent link: https://www.econbiz.de/10012491801
Cover Image
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
Cover Image
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
Cover Image
China's emergence in the world economy and business cycles in Latin America
Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2011
world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …
Persistent link: https://www.econbiz.de/10009311486
Cover Image
Do business visits cause productivity growth?
Tani, Massimiliano; Joyeux, Roselyne - 2013
The production and diffusion of knowledge have increasingly been seen as potential causes of the observed international differences in total factor productivity and, in turn, as possible sources of economic growth. This paper presents the results of a causality study between business visits and...
Persistent link: https://www.econbiz.de/10010228788
Cover Image
On the boundaries of the shadow economy : an empirical investigation
Manes, Eran; Schneider, Friedrich; Tchetchik, Anat - 2016
A large number of empirical studies pointed to the ongoing expansion of the shadow economy in many countries around the globe. A robust finding in these studies is the positive association between unemployment rates and the size of the unofficial sector. However, with consistent estimates of the...
Persistent link: https://www.econbiz.de/10011517459
Cover Image
Global macro-financial cycles and spillovers
Ha, Jongrim; Kose, M. Ayhan; Otrok, Christopher M.; … - 2020
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012178610
Cover Image
Exponent of cross-sectional dependence : estimation and inference
Bailey, Natalia; Kapetanios, George; Pesaran, M. Hashem - 2012
An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...
Persistent link: https://www.econbiz.de/10009530816
Cover Image
How does the economic uncertainty affect asset prices under normal and financial distress times?
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2022
shocks depends on financial conditions. Our model allows us to change the response of the US financial markets to volatility …
Persistent link: https://www.econbiz.de/10013198932
Cover Image
Characterizing the schooling cycle
Sadaba, Barbara; Vujić, Sunčica; Maier, Sofia - 2022
This paper develops a novel and tractable empirical approach to estimate the cycle in schooling participation decisions, which we denominate the schooling cycle. The estimation procedure is based on unobserved components time series models that decompose higher education enrollment rates into a...
Persistent link: https://www.econbiz.de/10013187159