Showing 1 - 10 of 547
This paper studies the effects of global and domestic inflation shocks on core price inflation in 105 countries between 1970 and 2016, by using a heterogeneous panel vector-autoregressive model. The methodology allows accounting for differences across groups of countries (advanced economies,...
Persistent link: https://www.econbiz.de/10012059222
US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
Persistent link: https://www.econbiz.de/10012241154
Persistent link: https://www.econbiz.de/10003421141
Persistent link: https://www.econbiz.de/10011554802
Persistent link: https://www.econbiz.de/10011290759
This paper addresses the identification of low-frequency macroeconomic shocks, such as technology, in Structural Vector Autoregressions. Whilst identification issues with long-run restricted VARs are well documented, the recent attempt to overcome said issues using the Max-Share approach of...
Persistent link: https://www.econbiz.de/10012167788
Persistent link: https://www.econbiz.de/10009784787
The expansionary fiscal contraction (EFC) hypothesis states that fiscal austerity can increase output or consumption when a country is under heavy debt burdens because it sends positive signal about the country's solvency situation and long-term economic wellbeing. Empirical tests of this...
Persistent link: https://www.econbiz.de/10012297616
Persistent link: https://www.econbiz.de/10003501739
of quarterly data over 1994Q4-2016Q4, indicate that a positive US interest rate shock has a negative impact on Cambodia …, this shock also leads to a significant decrease in Cambodia's international reserve levels during the first two quarters … following the shock. The surrendering of monetary and exchange rate independence seems to affect the competitiveness of the …
Persistent link: https://www.econbiz.de/10012051925