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On the long-run unemployment, inflation, and volatility
Fasani, Stefano - 2021
This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in … beyond the tradeoff between the first moments of unemployment and infl ation provided by the short-run Phillips curve. Higher … volatility in ifln ation raises unemployment at low-frequency. Increased volatility in infl ation makes nominal wages more …
Persistent link: https://www.econbiz.de/10012429726
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Poverty, vulnerability and the middle class in Latin America
Stampini, Marco; Robles, Marcos; Sáenz, Mayra; … - 2015
Between 2000 and 2013, Latin America has considerably reduced poverty (from 46.3% to 29.7% of the population). In this paper, we use synthetic panels to show that, despite progress, the region remains characterized by substantial vulnerability that also affects the rising middle-class. More...
Persistent link: https://www.econbiz.de/10011290941
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Getting PPP right : identifying mean-reverting real exchange rates in panels
Chortareas, Georgios E. (contributor);  … - 2008
Recent advances in testing for the validity of Purchasing Power Parity (PPP) focus on the time series properties of real exchange rates in panel frameworks. One weakness of such tests, however, is that they fail to inform the researcher as to which cross-section units are stationary. As a...
Persistent link: https://www.econbiz.de/10003740322
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The effect of income on positive and negative subjective well-being
Boes, Stefan (contributor); Winkelmann, Rainer (contributor) - 2006
Increasing evidence from the empirical economic and psychological literature suggests that positive and negative well-being are more than opposite ends of the same phenomenon. Two separate measures of the dependent variable may be needed when analyzing the determinants of subjective well-being....
Persistent link: https://www.econbiz.de/10003354431
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Copula-based bivariate binary response models
Winkelmann, Rainer - 2009
subsequent unemployment, show that these modified bivariate probit models work well in practice, and that they provide a viable …
Persistent link: https://www.econbiz.de/10003900958
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Quasi maximum likelihood estimation of spatial models with heterogeneous coefficients
Aquaro, Michele; Bailey, Natalia; Pesaran, M. Hashem - 2015
This paper considers spatial autoregressive panel data models and extends their analysis to the case where the spatial coefficients differ across the spatial units. It derives conditions under which the spatial coefficients are identified and develops a quasi maximum likelihood (QML) estimation...
Persistent link: https://www.econbiz.de/10011283005
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What is the relationship between national saving and investment in Latin America and the Caribbean?
Cavallo, Eduardo A.; Pedemonte, Mathieu - 2015
Using panel co-integration techniques and a comprehensive dataset covering the period 1980-2013, this paper finds a positive and significant correlation between national saving and domestic investment rates in Latin America and the Caribbean (LAC). The estimated correlation is approximately 0.39;...
Persistent link: https://www.econbiz.de/10011339421
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Panel estimation of the impact of foreign banks presence on selected banking indicators in Macedonia
Mitreska, Ana; Bojcheva-Terzijan, Sultanija - 2017
The latest global financial and economic crisis reignited the debate on the costs and benefits of foreign bank presence. While discussions on the optimal financing model of foreign owned banks are ongoing, the consensus on the benefits of foreign banks presence is not a matter of dispute. Given...
Persistent link: https://www.econbiz.de/10011702752
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Income taxation and labour response : empirical evidence from a DID analysis of an income tax treatment in Italy
Bosco, Bruno; Bosco, Carlo Federico; Maranzano, Paolo - 2024
This paper uses the Italian income tax treatment of 2006/7 as a quasi-natural tax experiment to offer some fresh empirical evidence on how labour supply responds to exogenous income tax hikes. We adopt the identification strategy based on TWFE panel data Difference-in-Differences (DID) model to...
Persistent link: https://www.econbiz.de/10014563801
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Debt and economic growth : does size matter? : evidence from dynamic parametric and static non-parametric approaches
Reyes-Tagle, Gerardo; Muñoz, Jorge - 2023
This paper provides new evidence on the effect of debt on economic growth through two alternative methodological approaches. On the one hand, by using a panel error correction model with a sample of 130 countries between 1980 and 2020, we found evidence of the existence of a range of debt-to-GDP...
Persistent link: https://www.econbiz.de/10014461312