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Nonlinear adjustment, purchasing power parity and the role of nominal exchange rates and prices

Beckmann, Joscha - 2011

close scrutiny. Using monthly data from 1973:01 to 2009:12 from the USA, UK, Germany, France and Japan, this paper as a …

Persistent link: https://www.econbiz.de/10009580305

Sticky prices vs. sticky information : a cross-country study of inflation dynamics

Bredemeier, Christian; Goecke, Henry - 2011

betrachtet dazu die Inflationsdynamiken in sechs verschiedenen Ländern (USA, Großbritannien, Deutschland, Frankreich, Kanada und … six countries (US, UK, Germany, France, Canada, and Japan). We evaluate the models‘ abilities to match empirical second … parametrizations, sticky information performs better in France while sticky prices dominate in the UK and Germany. Sticky prices match …

Persistent link: https://www.econbiz.de/10009124276

Does large scale infrastructure investment alleviate poverty? : impacts of Rwanda’s electricity access roll-out program

Lenz, Luciane; Munyehirwe, Anicet; Peters, Jörg; … - 2015

The United Nations’ objective to provide electricity to the 1.3 billion people without access in developing countries comes at high costs. Little evidence exists on socioeconomic impacts of electrification. This paper rigorously investigates effects of a large grid extension program in Rwanda...

Persistent link: https://www.econbiz.de/10010519090

Gold as an inflation hedge in a time-varying coefficient framework

Beckmann, Joscha; Czudaj, Robert - 2012

. Using data for four major economies, namely the USA, the UK, the Euro Area, and Japan, we allow for nonlinearity and … USA and the UK compared to Japan and the Euro Area. In addition, the adjustment of the general price level is … bietet aus einem neuen Blickwinkel. Basierend auf Daten für die USA, Großbritannien, die Eurozone und Japan unterscheiden wir …

Persistent link: https://www.econbiz.de/10009580064

Did quantitative easing affect interest rates outside the US? : new evidence based on interest rate differentials

Belke, Ansgar; Gros, Daniel; Osowski, Thomas - 2016

This paper explores the effects of non-standard monetary policies on international yield relationships. Based on a descriptive analysis of international long-term yields, we find evidence that long-term rates have followed a global downward trend prior to as well as during the financial crisis....

Persistent link: https://www.econbiz.de/10011414128

Uncertainty and non-linear macroeconomic effects of fiscal policy in the US : a SEIVAR-based analysis

Belke, Ansgar; Goemans, Pascal - 2019

We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...

Persistent link: https://www.econbiz.de/10012116248

On the time-varying effects of economic policy uncertainty on the US economy

Prüser, Jan; Schlösser, Alexander - 2018

Konjunkturzyklen der USA, nämlich der "Great Inflation", der "Great Moderation" und der "Great Recession", übereinstimmen. Dieses …

Persistent link: https://www.econbiz.de/10011888261

Labor market effects of minimum wage shocks

Micheli, Martin - 2019

The theoretical literature argues that labor markets outcomes are affected by real minimum wages. Real minimum wages, however, co-move with the business cycle; their correlation with labor market outcomes should therefore not be interpreted causally. We employ structural vector autoregression to...

Persistent link: https://www.econbiz.de/10012164678

International effects of euro area versus US policy uncertainty : a FAVAR approach

Belke, Ansgar; Osowski, Thomas - 2017

prices, equity prices, and interest rates. Uncertainty shocks cause deeper recessions in Continental Europe (except Germany … Hinsicht vergleichen wir die Auswirkungen eines Unsicherheitsschocks in den USA und der Eurozone. Unseren Ergebnissen zufolge … Aktienkurse und die Zinssätze. Unsicherheitsschocks führen zu stärkeren Rezessionen in Kontinentaleuropa (mit Ausnahme Deutschland …

Persistent link: https://www.econbiz.de/10011640939

Regional composition of national house price cycles in the US

Prüser, Jan; Schmidt, Torsten - 2020

berücksichtigt, um die nationalen und bundesstaatlichen Hauspreisregime für die USA gemeinsam zu analysieren. Unser Ansatz … Küstenstaaten und dem nationalen Zyklus in den USA. Darüber hinaus gehen Boom- und Bustzyklen in dieser Staatengruppe mit einer …

Persistent link: https://www.econbiz.de/10012234274