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The Information in Systemic Risk Rankings
Nucera, Federico - 2016
We propose to pool alternative systemic risk rankings for financial institutions using the method of principal components. The resulting overall ranking is less affected by estimation uncertainty and model risk. We apply our methodology to disentangle the common signal and the idiosyncratic...
Persistent link: https://www.econbiz.de/10013001189
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Downward Wage Rigidity in Hungary
Kátay, Gábor - 2011
estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in … Hungary than real rigidity. When compared to other countries participating in the IWFP, Hungary ranks among the countries with … the lowest degree of downward real rigidity. The estimated downward nominal rigidity for Hungary is higher, the measure is …
Persistent link: https://www.econbiz.de/10013121445
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Potential Output in DSGE Models
Vetlov, Igor - 2011
In view of the increasing use of Dynamic Stochastic General Equilibrium (DSGE) models in the macroeconomic projections and the policy process, this paper examines, both conceptually and empirically, alternative notions of potential output within DSGE models. Furthermore, it provides historical...
Persistent link: https://www.econbiz.de/10013124588
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The Anatomy of Consumption in a Household Foreign Currency Debt Crisis
Gyöngyösi, Győző; Rariga, Judit; Verner, Emil - 2022
currency household debt during a large depreciation in Hungary. Relative to similar local currency debtors, foreign currency …
Persistent link: https://www.econbiz.de/10014239455
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Export Characteristics and Output Volatility : Comparative Firm-Level Evidence for CEE Countries
Čede, Urška - 2016
an effect on the output volatility of firms. We use large representative firm-level databases from Estonia, Hungary …
Persistent link: https://www.econbiz.de/10012992414
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Wage Setting in Hungary : Evidence from a Firm Survey
Kézdi, Gábor; Kónya, István - 2021
This paper presents new evidence on the flexibility of the Hungarian labor market, with special emphasis on wages. The results are based on a new survey on wage setting among Hungarian firms. The survey is part of the Eurosystem Wage Dynamics Network (WDN), and it is a harmonized questionnaire...
Persistent link: https://www.econbiz.de/10013315982
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Do Firms Provide Wage Insurance against Shocks? Evidence from Hungary
Kátay, Gábor - 2021
responses to both permanent and transitory shocks in Hungary and compared my results to similar studies on Italian and …
Persistent link: https://www.econbiz.de/10013316455
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Substitution Between Domestic and Foreign Currency Loans in Central Europe. Do Central Banks Matter?
Brzoza-Brzezina, Michal - 2010
, based on a panel of four biggest Central European countries (the Czech Republic, Hungary, Poland and Slovakia) confirm …
Persistent link: https://www.econbiz.de/10013144575
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Portuguese Banks in the Euro Area Market for Daily Funds
Alcoforado Farinha, Maria Luísa; Gaspar, Vitor - 2009
In this paper, we use the Furfine (1999) statistical procedure to identify money market operations from Payments Systems data. Given the availability of an alternative data set, recording money market operations we could confirm the accuracy of the method. We examine evidence on integration of...
Persistent link: https://www.econbiz.de/10014212409
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Optimal Monetary Policy and the Transmission of Oil-Supply Shocks to the Euro Area under Rational Expectations
Adjemian, Stephane; Darracq Pariès, Matthieu - 2009
This paper presents first the estimation of a two-country DSGE model for the euro area and the rest-of-the-world including relevant oil-price channels. We then investigate the optimal resolution of the policy tradeoffs emanating from oil-price disturbances. Our simulations show that the...
Persistent link: https://www.econbiz.de/10014213432