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Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...
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This paper examines business cycle synchronization in the European Monetary Union with a special focus on the core-periphery pattern in the aftermath of the crisis. Using a quarterly index for business cycle synchronization by Cerqueira (2013), our panel data estimates suggest that it is...
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We contribute to the literature on relative age effects on pupils' (non-cognitive) skills formation by studying students' social network. We investigate data on European adolescents from the Health Behaviour in School Aged Children survey and use an instrumental variables approach to account for...
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This is the first study to investigate whether age gaps between classmates (that is, relative age) affect life-satisfaction gaps in adolescence. To this end, we analyse data from the multi-country Health Behaviour in School-Aged Children (HBSC) survey. We find evidence that relative age...
Persistent link: https://www.econbiz.de/10012150723