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On the past, present, and future of the Diebold-Yilmaz approach to dynamic network connectedness

Diebold, Francis X.; Yılmaz, Kamil - 2022

We offer retrospective and prospective assessments of the Diebold-Yilmaz connectedness research program, combined with personal recollections of its development. Its centerpiece in many respects is Diebold and Yilmaz (2014), around which our discussion is organized.

Persistent link: https://www.econbiz.de/10014540961

The transition from industrial capitalism to a financialized bubble economy

Hudson, Michael - 2010

lenders-has spurred a shift in U.S. investment away from industry and toward speculation, mainly in real estate but also in …

Persistent link: https://www.econbiz.de/10010281706

Financialization and corporate investments: The Indian case

Sen, Sunanda; DasGupta, Zico - 2015

Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of …

Persistent link: https://www.econbiz.de/10010513046

Have we been here before? Phases of financialization within the 20th century in the United States

Fasianos, Apostolos; Guevara, Diego; Pierros, Christos - 2016

This paper explores from a historical perspective the process of financialization over the course of the 20th century …. We identify four phases of financialization: the first, from the 1900s to 1933 (early financialization); the second, from … early 1970s and leads to the Great Recession (complex financialization). Our findings indicate that the main features of the …

Persistent link: https://www.econbiz.de/10011784659

AQM-06: The Macro economic Model of the OeNB

Leibrecht, Markus; Schneider, Martin - 2006

This paper gives an overview of the current version of the quarterly macroeconomic model of the Oesterreichische Nationalbank for Austria. The model is a small to medium size macroeconomic model. It is in the tradition of the neoclassical synthesis and is therefore in line with most models used...

Persistent link: https://www.econbiz.de/10013370049

Estimating a time-varying distribution-led regime

Carrillo-Maldonado, Paul; Nikiforos, Michalis - 2022

This paper estimates the distribution-led regime of the US economy for the period 1947-2019. We use a time varying parameter model, which allows for changes in the regime over time. To the best of our knowledge this is the first paper that has attempted to do this. This innovation is important,...

Persistent link: https://www.econbiz.de/10014322565

Persuasion and dissuasion in political campaigns: Political communication and media coverage in senate races

García Jimeno, Camilo; Yildirim, Pinar - 2024

We study the strategic interaction between candidates to office and the print media, exploring the following tension: while the media is instrumental for candidates to communicate with voters, candidates and media outlets have conflicting preferences over the contents of media reporting. We...

Persistent link: https://www.econbiz.de/10014480604

Growth trends and cycles in the American postwar period, with implications for policy

Giovannoni, Olivier - 2013

Do all types of demand have the same effect on output? To answer this question, I estimate a cointegrated vector autoregressive (VAR) model of consumption, investment, and government spending on US data, 1955-2007. I find that: (1) economic growth can be decomposed into a short-run (transitory)...

Persistent link: https://www.econbiz.de/10010318670

Generalized reduced rank regression

Hansen, Peter Reinhard - 2002

I introduce a technique to estimate parameters in regressions with reduced rank parameters in a general setting. The framework can handle a general class of parameter restrictions and allows for specifications with heteroskedastic and autocorrelated regression errors. Applications of this...

Persistent link: https://www.econbiz.de/10010318886

On the estimation of reduced rank regressions

Hansen, Peter Reinhard - 2002

It is well-know that estimation by reduced rank regression is given by the solution to a generalized eigenvalue problem. This paper presents a new proof to establish this result and provides additional insight into the structure of the estimation problem. The proof is a direct algebraic proof...

Persistent link: https://www.econbiz.de/10010318930