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Early warning system of government debt crises

Dreger, Christian; Cholodilin, Konstantin Arkadʹevič - 2018

. Against this backdrop, early warning systems are of crucial importance. In this study that focuses on euro area member states …

Persistent link: https://www.econbiz.de/10011803028

Money and Inflation in the euro area during the financial crisis

Dreger, Christian; Wolters, Jürgen - 2011

This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …

Persistent link: https://www.econbiz.de/10009427840

Does the nominal exchange rate regime affect the real interest parity condition?

Dreger, Christian (contributor) - 2008

The real interest partity (RIP) condition combines two cornerstones in international finance, uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of product and financial market integration. This paper...

Persistent link: https://www.econbiz.de/10003779164

Does the nominal exchange rate regime affect the long Run properties of real exchange rates?

Dreger, Christian (contributor); Girardin, Eric (contributor) - 2007

Persistent link: https://www.econbiz.de/10003618491

Drivers of exchange rate dynamics in selected CIS countries : evidence from a FAVAR analysis

Dreger, Christian; Fidrmuc, Jarko - 2009

We investigate the likely sources of exchange rate dynamics in selected CIS countries (Russia, Kazakhstan, Ukraine, Kyrgyzstan, Azerbaijan, and Moldova) over the past decade (1999-2008). The analysis is based on country VAR models augmented by a regional common factor structure (FAVAR model)....

Persistent link: https://www.econbiz.de/10003818764

M3 money demand and excess liquidity in the euro area

Dreger, Christian (contributor); … - 2008

Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …) estimation methods. To obtain the result, the short run homogeneity restriction between money and prices is relaxed. In addition …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …

Persistent link: https://www.econbiz.de/10003726115

Evaluating the German "Mini-Jobʺ reform using a true natural experiment

Caliendo, Marco (contributor); … - 2006

Increasing work incentives for people with low incomes is a common topic in the policy debate across European countries. The Mini-Jobʺ reform in Germany - introduced on April 1, 2003 - can be seen in line with these policies, exempting labour income below a certain threshold from taxes and...

Persistent link: https://www.econbiz.de/10003304436

Labor supply and child care choices in a rationed child care market

Wrohlich, Katharina (contributor) - 2006

In this paper, I suggest an empirical framework for the analysis of mothers' labor supply and child care choices, explicitly taking into account access restrictions to subsidized child care. This is particularly important for countries such as Germany, where subsidized child care is rationed and...

Persistent link: https://www.econbiz.de/10003304441

Hysteresis and persistence in the course of unemployment : the EU and US experience

Dreger, Christian (contributor); … - 2006

We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by means of first and second generation panel unit root tests. While the former tests assume independent cross sections, the latter control for dependencies. The first generation tests...

Persistent link: https://www.econbiz.de/10003304447

Common and spatial drivers in regional business cycles

Artis, Michael J.; Dreger, Christian; Cholodilin, … - 2009

We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model … decades in the euro area and the US. Ongoing business cycle convergence often detected in a country data is not confirmed at … the regional level. The degree of synchronization across the euro area is similar to that to be found for the US states …

Persistent link: https://www.econbiz.de/10003807457