Showing 1 - 10 of 38
The cross wavelet analysis is used in the study to decompose the time–frequency effects of oil price changes on the German macroeconomy. We argue that the relationship between oil prices and industrial production is ambiguous. Our results show that there are both phase and anti-phase...
Persistent link: https://www.econbiz.de/10010608243
This study attempts to infer the length of aggregate time-to-build period by estimating DSGE models with different investment lags and comparing their fits to the data. The models considered in this study use two, four, six, and eight quarters of investment lags. The Bayesian estimation result...
Persistent link: https://www.econbiz.de/10010737985
In this paper, we advocate the search frequency of stock name in Baidu Index as a novel and direct proxy for investor attention. Firstly, empirical results show that the quantified investor attention is a desired explanatory variable for abnormal return even trading volume is considered....
Persistent link: https://www.econbiz.de/10010737996
The 2007–2008 US subprime mortgage crisis evolved into a financial crisis that negatively affected many economies in the world and was afterwards widely referred to as the global financial crisis. Since the beginning of this financial crisis of 2008–2009, South Africa experienced a...
Persistent link: https://www.econbiz.de/10010738002
Rational expectations has been the dominant way to model expectations, but the literature has quickly moved to a more realistic assumption of boundedly rational learning where agents are assumed to use only a limited set of information to form their expectations. A standard assumption is that...
Persistent link: https://www.econbiz.de/10011048693
The derived structural estimates of the system βY=γZ+δU impose identifying restrictions on the reduced form estimates ex post. Some or all of the derived structural estimates are presented as evidence of the model's efficacy. In fact, the reduced form inherits a great deal of information from...
Persistent link: https://www.econbiz.de/10011048702
In response to growing concerns about global warming and climate change, numerous energy scenario or computable general equilibrium models have been developed worldwide to provide alerts, mitigation, adaptation, financial and sustainability policy options. However, rigorous evidence-based...
Persistent link: https://www.econbiz.de/10011048704
The article analyzes the population shares of employed, unemployed and other men and women by utilizing the 2001 Greek Census data collected at the municipal level. It departs from other studies on the subject by (a) considering not one but all economic activities simultaneously, (b) trying to...
Persistent link: https://www.econbiz.de/10011048743
According to the growing “Google econometrics” literature, Google queries may help predict economic activity. The aim of our paper is to test whether these data can enhance predictions of youth unemployment in France.
Persistent link: https://www.econbiz.de/10011048762
A two-equation integrated model is developed to capture bank profit and risk-avoidance decisions. Output is limited to customer loans. The profit function is based on output and selected inputs. Risk-avoidance (using the capitalization ratio) depends on micro and micro∗macro interactive...
Persistent link: https://www.econbiz.de/10011048764