Showing 1 - 10 of 1,163
, the panel estimation yields somewhat lower results (0.6 to 1.1 cents). The MPC out of nominal housing wealth lies between … effect of volatile house prices, we find similar effects in the times series estimation while the MPC is larger in the panel … the period 1980-2006, and one on the individual euro area countries from1995-2006, using panel data techniques. The impact …
Persistent link: https://www.econbiz.de/10013159721
impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … structural funds for an extended time horizon and examine the robustness of our results by comparing different dynamic panel …
Persistent link: https://www.econbiz.de/10013118136
For most academics and policy makers, the depth of the 2007-09 financial crisis, its longevity and its impacts on the real economy resulted from an erosion of confidence. This paper proposes to assess empirically the link between consumer sentiment and consumption expenditures for the United...
Persistent link: https://www.econbiz.de/10013124648
Probabilistic job loss expectations elicited in the Consumer Expectations Survey have predictive power for future job loss. We find that an unexpected job loss leads to a negative consumption response, while this e˙ect is muted for workers with ex-ante job loss expectations - consistent with...
Persistent link: https://www.econbiz.de/10014348864
effect panel regressions linking such density characteristics and density forecast performance. Our empirical results suggest …
Persistent link: https://www.econbiz.de/10013054084
We propose a dynamic factor model for mixed-measurement and mixed-frequency panel data. In this framework time series … obtained by means of simulation, thus enabling straightforward parameter estimation by standard maximum likelihood. We use the …
Persistent link: https://www.econbiz.de/10013061738
the NMS, by using a Bayesian estimation that combines information across countries. The impulse responses in the NMS are …
Persistent link: https://www.econbiz.de/10012765781
We introduce a new dynamic clustering method for multivariate panel data char-acterized by time-variation in cluster … current center of their previous cluster as-signment. This links consecutive cross-sections in the panel together … settings. The method is illustrated using a multivariate panel of four accounting ratios for 28 large European insurance firms …
Persistent link: https://www.econbiz.de/10014257567
This paper analyses euro area non-financial corporations (NFC) money demand, both from a macro and a microeconomic point of view. At a macro level, money holdings are modelled as a function of real gross added value, the price level, the long-term interest rate on bank lending to non-financial...
Persistent link: https://www.econbiz.de/10013137587
This paper uses a panel VAR (PVAR) approach to estimating, analysing, and forecasting price dynamics in four different …
Persistent link: https://www.econbiz.de/10013049274