Similar Search Results

A note on banking and housing crises and the strength of recoveries

Boysen-Hogrefe, Jens; Jannsen, Nils; Meier, Carsten-Patrick - 2015

We investigate whether recoveries following normal recessions differ from recoveries following recessions that are … level of output during the recovery, we find that normal recessions are followed by strong recoveries in advanced economies …. This bounce-back is absent following recessions associated with banking crises and housing crises. Consequently, the …

Persistent link: https://www.econbiz.de/10010472544

Business cycle volatility in Germany

Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002

Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and the nature of this decline have so far been analyzed mainly for the United States. In this paper, we analyze whether structural breaks in the dynamics and the volatility of the...

Persistent link: https://www.econbiz.de/10011475861

The ugly and the bad : banking and housing crises strangle output permanently, ordinary recessions do not

Boysen-Hogrefe, Jens; Jannsen, Nils; Meier, Carsten-Patrick - 2010

This paper provides statistical evidence suggesting that in industrial countries, recessions that are associated with … either banking crises or housing crises dampen output far more than ordinary recessions. Using a parametric panel framework … recessions are followed by strong recoveries that make up for almost all the preceding shortfall in output. This bounceback tends …

Persistent link: https://www.econbiz.de/10003932600

Trend und Zyklus im Bruttoinlandsprodukt der Bundesrepublik Deutschland : eine Anmerkung

Meier, Carsten-Patrick - 2000

Diese Anmerkung zeigt, dass das reale Bruttoinlandsprodukt der Bundesrepublik Deutschland einem trendstationären Prozess folgt. Dabei werden sowohl ökonometrische Tests, bei denen die Trendstationarität die Alternativhypothese ist, eingesetzt als auch solche, bei denen sie die Nullhypothese...

Persistent link: https://www.econbiz.de/10011495591

Measures of the output gap in the Euro-zone : an empirical assessment of selected methods

Chagny, Odile; Döpke, Jörg - 2001

Der Aufsatz untersucht einige populäre Methoden zur Messung des Output Gaps auf der Basis von aggregierten Daten für die Euro-Zone. Obwohl die Methoden einige wichtige gemeinsame Eigenschaften aufweisen, zeigen sie auch erhebliche Unterschiede; insbesondere ist die Korrelation zwischen...

Persistent link: https://www.econbiz.de/10011473858

Macroeconomic forecasts and the nature of economic shocks in Germany

Döpke, Jörg - 2000

The paper investigates the sources of macroeconomic forecast errors in Germany. The predictions of the so-called "six leading" research institutes are analyzed. The forecast errors are discussed within an aggregate demand/supply scheme. Structural Vector Autoregressive Models are estimated to...

Persistent link: https://www.econbiz.de/10011476550

How resilient is the German banking system to macroeconomic shocks?

Dovern, Jonas (contributor); … - 2008

Macro-stress testing studies often rely on rather short sample periods due to the limited availability of banking data. They may fail to appropriately account for the cyclicality in the interaction between the banking system and macroeconomic developments. In this paper we use a newly...

Persistent link: https://www.econbiz.de/10003694087

Indikatoren zur Prognose der Investitionen in Deutschland

Döpke, Jörg; Fritsche, Ulrich; Gottschalk, Jan; … - 1999

In diesem Papier werden eine Reihe von Frühindikatoren für die Entwicklung der Ausrüstungs-, Wirtschaftsbau- und Wohnungsbauinvestitionen in Deutschland untersucht. Die Indikatoren werden auf Basis theoretischer Erwägungen oder wegen ihres technischen Zusammenhangs zur Investitionstätigkeit...

Persistent link: https://www.econbiz.de/10011495601

Real and financial integration in Europe : evidence for the accession states and for the pre-ins

Buch, Claudia M.; Döpke, Jörg - 1999

The process of European integration has gained considerable momentum during the past couple of years. This paper provides an assessment of the degree of integration of both the accession states of central and eastern Europe and of the pre-ins for monetary union with respect to Germany. Using...

Persistent link: https://www.econbiz.de/10011474986

Consumer preferences and the reliability of Euler equation tests of capital mobility : some simulation-based evidence

Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002

The globalization of international financial markets has renewed interest in the measurement of capital mobility. Consumption-based tests such as the Euler equation test are commonly used. These tests, however, are derived under restrictive assumptions on consumer behavior. In this paper, we ask...

Persistent link: https://www.econbiz.de/10011475881