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The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a …
Persistent link: https://www.econbiz.de/10009635887
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We estimate the degree of "stickiness" in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...
Persistent link: https://www.econbiz.de/10003778438
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macroeconomic consequences of government debt accumulation. Focusing on the USA, Germany and Italy over the 1983-2003 period, the …
Persistent link: https://www.econbiz.de/10003358611
, Germany, Italy, the UK and the US. The following results emerge from our analysis. First, and contrary to the recent findings …
Persistent link: https://www.econbiz.de/10003337300
methodology to monthly data from both Germany and the US. We find that implied volatilities contain a substantial amount of …
Persistent link: https://www.econbiz.de/10003832589
(the US, Germany and the UK). This novel methodology is based on dynamic factor models, the EM algorithm and the Kalman … reveal clear international dependency patterns, strong enough to improve forecasts of Germany and to a lesser extent UK. The …
Persistent link: https://www.econbiz.de/10003832611
-sectional distribution of individual wage changes observed in the data. We look at five countries (the US, Germany, Portugal, Belgium and …
Persistent link: https://www.econbiz.de/10003832636
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