Showing 1 - 10 of 2,002
This working paper presents a new coincident economic indicator developed by the COE, able to detect in real time peaks and troughs of the american business cycle. This probabilistic indicator is based on the Markov-Switching model proposed by Hamilton (1989), applied to various economic time...
Persistent link: https://www.econbiz.de/10005616637
The past attempts to investigate whether the Marshall-Lerner condition is fulfilled by using aggregate data in Bangladesh suffer from aggregation bias. This paper estimates trade elasticities using bilateral data between Bangladesh and its major trading partners. The results, using data covering...
Persistent link: https://www.econbiz.de/10011110192
This paper discusses the extent and the determinants of the internationalization of European inventive activity, between 1990 and 2004, using an innovative method to treat the information contained in the European Patent Office's Patstat database. The observed level of internationalization of...
Persistent link: https://www.econbiz.de/10005621297
-à-vis Japan during the post liberalization era (1984-1997). The upshots of our findings are four-fold. First, there were co …/98. Third, the real interest differentials are mean reverting over time, implying that RIP holds between Japan and ASEANs … deviations from RIP. All together, the findings constitute towards regional financial integration with the Japan’s leading role …
Persistent link: https://www.econbiz.de/10005790478
Dynamic models of economy contain a lot of parameters. Such models seldom manage to be identified so precisely that results of calculation have appeared are close to historical data. Parallel calculations facilitate the decision of a problem of identification, owing to essential acceleration of...
Persistent link: https://www.econbiz.de/10005836966
This paper discusses the extent and the determinants of the internationalization of European inventive activity, between 1990 and 2005, using an innovative method to treat the information contained in the European Patent Office's Patstat database. We introduce a new set of indicators measuring...
Persistent link: https://www.econbiz.de/10008527380
The paper estimates the household labor earning process using the March Current Population Survey 1968-2011. GMM estimates confirm that the results in Storesletten et al. (2004} still hold in a much larger data set over a longer period. The persistent idiosyncratic risk is strongly...
Persistent link: https://www.econbiz.de/10011109718
We explore bifurcation phenomena in the open-economy New Keynesian model developed by Gali and Monacelli (2005). We find that the open economy framework brings about more complex dynamics, along with a wider variety of qualitative behaviors and policy responses. Introducing parameters related to...
Persistent link: https://www.econbiz.de/10011111540
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
In Albers & Albers (Spring, 2013) we demonstrated that the historic development of U.S. real GNP, 1869-present, may be structured in recurring 14-year periods. A steady-state rate of growth of 3.4969% is thereby calculated, generating an increase in real GNP proportional to the famous “Golden...
Persistent link: https://www.econbiz.de/10011260122