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The international dimension of confidence shocks
Dées, Stéphane; Güntner, Jochen - 2014
Persistent link: https://www.econbiz.de/10010380008
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Linking distress of financial institutions to macrofinancial shocks
Al-Haschimi, Alexander; Dées, Stéphane; Di Mauro, Filippo - 2014
Persistent link: https://www.econbiz.de/10010482479
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Infinite-dimensional VARs and factor models
Chudik, Alexander; Pesaran, M. Hashem - 2009
This paper introduces a novel approach for dealing with the "curse of dimensionality" in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...
Persistent link: https://www.econbiz.de/10003831142
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Assessing the factors behind oil price changes
Dées, Stéphane; Gasteuil, Audrey; Kaufmann, Robert Kurt; … - 2008
The rapid rise in the price of crude oil between 2004 and the summer of 2006 are the subject of debate. This paper investigates the factors that might have contributed to the oil price increase in addition to demand and supply for crude oil, by expanding a model for crude oil prices to include...
Persistent link: https://www.econbiz.de/10003636096
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Identification of new Keynesian Phillips Curves from a global perspective
Dées, Stéphane; Pesaran, M. Hashem; Smith, L. Vanessa; … - 2008
number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first …
Persistent link: https://www.econbiz.de/10003778781
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The role of the United States in the global economy and its evolution over time
Dées, Stéphane; Saint-Guilhem, Arthur - 2009
to the rest of the world tends to fluctuate over time but remains large overall. Second, although the size of the … more persistent. Actually, the increasing economic integration at the world level is likely to have fostered second …
Persistent link: https://www.econbiz.de/10003832378
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Forecasting the world economy in the short-term
Jakaitiene, Audrone; Dées, Stéphane - 2009
Forecasting the world economy is a difficult task given the complex interrelationships within and across countries …. This paper proposes a number of approaches to forecast short-term changes in selected world economic variables and aims …
Persistent link: https://www.econbiz.de/10003867019
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The transmission of US cyclical developments to the rest of the world
Dées, Stéphane (contributor);  … - 2007
of the world. Overall we find that while US economic developments would indeed affect the rest of the world, developments …
Persistent link: https://www.econbiz.de/10003599254
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Supply, demand and monetary policy shocks in a multi-country New Keynesian Model
Dées, Stéphane; Pesaran, M. Hashem; Smith, L. Vanessa - 2010
countryspecific foreign output variable to capture direct inter-country linkages. In accord with the theory all variables are measured … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply …
Persistent link: https://www.econbiz.de/10008657123
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Business cycle synchronisation : disentangling trade and financial linkages
Dées, Stéphane; Zorell, Nico - 2011
Drawing on a large sample of countries, this paper explores whether closer economic ties between countries foster business cycle synchronisation and disentangles the role of the various channels, including trade and financial linkages as well as the similarity in sectoral specialisation....
Persistent link: https://www.econbiz.de/10008935822