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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

Wealth effects in emerging market economies

Peltonen, Tuomo; Sousa, Ricardo M.; Vansteenkiste, Isabel - 2009

We build a panel of 14 emerging economies to estimate the magnitude of housing, stock market, and money wealth eÞects on consumption. Using modern panel data econometric techniques and quarterly data for the period 1990:1-2008:2, we show that: (i) wealth effects are statistically significant...

Persistent link: https://www.econbiz.de/10003831615

How important are common factors in driving non-fuel commodity prices? : a dynamic factor analysis

Vansteenkiste, Isabel - 2009

This paper analyses the importance of common factors in shaping non-fuel commodity price movements for the period 1957-2008. For this purpose, a dynamic factor model is estimated using Kalman Filtering techniques. Based on this set-up we are able to separate common and idiosyncratic developments...

Persistent link: https://www.econbiz.de/10003867082

What is driving oil futures prices? : fundamentals versus speculation

Vansteenkiste, Isabel - 2011

volatility. In a first step, we present a theoretical heterogeneous agent model of the oil futures market based on noise trading …. We use the model to study the interaction between the oil futures price, volatility, developments in underlying … that a multiplicity of equilibria can exist. More specifically, on the one hand, if we have high fundamental volatility …

Persistent link: https://www.econbiz.de/10009354642