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Business Cycle Synchronisation in EU : A Time-Varying Approach
Degiannakis, Stavros Antonios - 2018
This paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member-countries based on Scalar-BEKK and multivariate Riskmetrics model frameworks for the period 1980-2012. The paper provides evidence that changes in the business cycle...
Persistent link: https://www.econbiz.de/10012910120
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The dynamics of the housing market prices and the business cycle: a VAR analysis for the european monetary union.
Cinquegrana, Giuseppe - Volkswirtschaftliche Fakultät, … - 2011
reflect the different information which have been imbedded in the housing market in the long-time. The high volatility of the …
Persistent link: https://www.econbiz.de/10011259684
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Endogenous Growth, Monetary Shocks and Nominal Rigidities
Annicchiarico, Barbara; Pelloni, Alessandra; Lorenza, Rossi - Volkswirtschaftliche Fakultät, … - 2010
: (i) monetary volatility negatively affects long-run growth; (ii)the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10008685157
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Predictable markets? A news-driven model of the stock market
Gusev, Maxim; Kroujiline, Dimitri; Govorkov, Boris; … - Volkswirtschaftliche Fakultät, … - 2014
We attempt to explain stock market dynamics in terms of the interaction among three variables: market price, investor opinion and information flow. We propose a framework for such interaction and apply it to build a model of stock market dynamics which we study both empirically and...
Persistent link: https://www.econbiz.de/10011108097
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The impact of the financial crisis on the interbank money markets behavior. Evidence from several CEE transition economies
Mutu, Simona; Breşfelean, Vasile Paul; Göndör, Mihaela - Volkswirtschaftliche Fakultät, … - 2011
volatility of the interbank interest rates, especially after September 2008. Banking institutions from the Euro zone have avoided … the volatility. We also examine the long run equilibrium between the term structures of interest rates appealing at the … money markets from Euro zone, Bulgaria, Czech Republic, Hungary, Poland and Romania and propose some volatility transmission …
Persistent link: https://www.econbiz.de/10011258912
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An econometric approach to macroeconomic risk. A cross country study
Carrera, Jorge Eduardo; Cusolito, Ana Paula; Féliz, Mariano - Volkswirtschaftliche Fakultät, … - 2001
A contribution to the study of volatility and country risk is made in order to achieve a successful crosscountry … fractional integration order and determination of the adjusted volatility which best characterizes the economy. This methodology … the series persistence and volatility. Comparing a traditional risk indicator to our suggested one we find that the …
Persistent link: https://www.econbiz.de/10005621868
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Education Inequality, Economic Growth, and Income Inequality : Evidence from Indonesia, 1996-2005
Digdowiseiso, Kumba - 2010
This paper examines the determinants of economic growth, income inequality, and their relationship in the context of education inequality. The econometrics indicate that a higher level of human capital and the relative dispersion of human capital have a disequalizing relationship with income...
Persistent link: https://www.econbiz.de/10013143699
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The Employment Cycles of Neighboring Cities
Wall, Howard J. - 2011
This paper examines the spatial interaction of neighboring cities over their employment cycles. The cycles of neighboring cities tend to be more similar to one another than are those of non-neighboring cities, although this is due primarily to neighbors' tendency to be in the same state. In...
Persistent link: https://www.econbiz.de/10013126966
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Effects of Terms of Trade and its Volatility on Economic Growth: A Cross Country Empirical Investigation
Syed tehseen, jawaid; Abdul, waheed - Volkswirtschaftliche Fakultät, … - 2011
estimation results indicate significant positive effect of terms of trade on economic growth. Furthermore, volatility of terms of …This study examines the effects of terms of trade and its volatility on economic growth for a sample of 94 developed … has been performed using different additional variables, sample size and various proxies of volatility variable. The …
Persistent link: https://www.econbiz.de/10009203631
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Does Black’s Hypothesis for Output Variability Hold for Mexico?
Macri, Joseph; Sinha, Dipendra - Volkswirtschaftliche Fakultät, … - 2007
Using two data series, namely GDP and the index of industrial production, we study the relationship between output variability and the growth rate of output. Ng-Perron unit root test shows that the growth rate of GDP is non-stationary but the growth rate of industrial output is stationary. Thus,...
Persistent link: https://www.econbiz.de/10005835862