German exports. -- Exchange rate movements ; play-hysteresis ; modelling techniques ; switching/spline regression ; export … path-dependent play-hysteresis into a regression framework. The hysteretic impact of real exchange rates on German exports …A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond …

impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate … whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … 'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …

a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty … and financial sector effects of uncertainty. In that respect, we compare the impacts of a US and a Euro area uncertainty … shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …

(the DM). We use monthly data from 1975:01 to 2007:12. Applying a novel time-varying coefficient estimation approach, we …. -- Structural exchange rate models ; cointegration ; structural breaks ; switching regression ; time-varying coefficient approach …

changes in the interest rate on macroeconomic investment under the scenarios of certainty and uncertainty. We capture the … direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the … interest rate-investment hysteresis relationship. Starting with hysteresis effects on a microeconomic level of a single firm …

In light of the rising political and economic uncertainty in Europe, we aim to provide a basic understanding of the … impact of economic policy uncertainty and financial market uncertainty on a set of macroeconomic variables such as production … may help to identify avenues for further research based on non-linear processes. We find that stock market uncertainty …