Showing 1 - 10 of 1,743
This paper applies the maximum likelihood panel cointegration method of Larsson and Lyhagen (2007) to test the strong …
Persistent link: https://www.econbiz.de/10014401245
Long-run movements of real exchange rates are studied using a panel data set comprising 51 economies. The purchasing …
Persistent link: https://www.econbiz.de/10014403431
-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 …
Persistent link: https://www.econbiz.de/10014395840
, increasing average years of schooling and reducing inequality of schooling. When dynamic panel estimation techniques are used to …
Persistent link: https://www.econbiz.de/10011704587
German wages have not increased very rapidly in the last decade despite strong employment growth and a 5 percentage point decline in the unemployment rate. Our analysis shows that a large part of the decline in unemployment was structural. Micro-founded Phillips curves fit the German data rather...
Persistent link: https://www.econbiz.de/10012155220
This paper predicts downside risks to future real house price growth (house-prices-at-risk or HaR) in 32 advanced and emerging market economies. Through a macro-model and predictive quantile regressions, we show that current house price overvaluation, excessive credit growth, and tighter...
Persistent link: https://www.econbiz.de/10012252738
We use UK transaction-level data during the Covid-19 pandemic to study whether mortgage payment holidays (PH) can act as a mechanism for smoothing household consumption following negative aggregate shocks. Our results suggest that mortgage PH were accessed by both households with pre-existing...
Persistent link: https://www.econbiz.de/10013170081
We combine some newly developed panel co-integration techniques and common factor analysis to analyze the behavior of …
Persistent link: https://www.econbiz.de/10014404212
This paper develops a gravity model framework to estimate the impact of infectious diseases on bilateral tourism flows among 38,184 pairs of countries over the period 1995-2017. The results confirm that international tourism is adversely affected by disease risk, and the magnitude of this...
Persistent link: https://www.econbiz.de/10012252260
This paper outlines an operational approach for incorporating the impact of asset price cycles in the calculation of structural fiscal balances (SFBs). The global financial crisis demonstrated that movements in asset prices can have an important fiscal impact. Failing to account for the fiscal...
Persistent link: https://www.econbiz.de/10014412080