Showing 1 - 10 of 496
Persistent link: https://www.econbiz.de/10010389497
This paper examines whether a tipping point exists for real GDP growth in Italy above which the ratio of non …-performing loans (NPLs) to total loans falls significantly. Estimating a heterogeneous dynamic panel-threshold model with data on 17 … in Italy. More specifically, we find that real GDP growth above 1.2 percent, if sustained for a number of years, is …
Persistent link: https://www.econbiz.de/10011704402
The paper develops a tractable way to incorporate the micro structure of dual models of international trade into a standard class of dynamic open-economy macro models. In the process, it develops the concept of a dynamic factor price equalization set and an integrated intertemporal equilibrium....
Persistent link: https://www.econbiz.de/10014401986
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
multiplier is inversely correlated with r-g. The calculations are based on the estimates of a factor-augmented interacted panel …
Persistent link: https://www.econbiz.de/10012518304
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
, 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
We build a factor-augmented interacted panel vector-autoregressive model of the Euro Area (EA) and estimate it with …
Persistent link: https://www.econbiz.de/10012102056
challenge, we use panel instrumental variables estimation with measurement error to analyze the financial statements of 58 500 …
Persistent link: https://www.econbiz.de/10012154690
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