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Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States
McKinnon, Ronald - 2005
Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its economic growth and eventually cause deflation but...
Persistent link: https://www.econbiz.de/10010297476
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How integrated are the European retail financial markets? A cointegration analysis
Heinemann, Friedrich; Schüler, Martin - 2002
, bivariate and multivariate cointegration techniques are used to assess the degree of integration in four loans and two deposit …
Persistent link: https://www.econbiz.de/10010298099
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Exchange Rate or Wage Changes in International Adjustment? Japan and China versus the United States
McKinnon, Ronald - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its economic growth and eventually cause deflation but...
Persistent link: https://www.econbiz.de/10005097704
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The Power Law and Dividend Yields
Lüders, Erik; Lüders-Amann, Inge; Schröder, Michael - 2004
Recent research suggests that the power law is one of the most universal laws in nature and it also seems to work quite fine in economics and finance. In this paper we show that the power law explains extremely well the relationship between the value of broad-based market indices and their...
Persistent link: https://www.econbiz.de/10010297376
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Linkages between international securitized real estate markets: Further evidence from time-varying and stochastic cointegration
Schindler, Felix; Voronkova, Svitlana - 2010
bivariate and multivariate tests for cointegration. While the topic has been analyzed in previous studies such as Gallo and … results from different cointegration methodologies and explicitly control for instability in cointegration relationships and … covering 20 years. In line with previous studies, the empirical results indicate several cointegration relationships between …
Persistent link: https://www.econbiz.de/10010301690
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Panel Tests for Unit Roots in Hours Worked
Kappler, Marcus - 2006
-stationarity of hours worked. In addition, taking these results together, there is no indication of cointegration among the individual …
Persistent link: https://www.econbiz.de/10010297530
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Sources of German unemployment: evidence from a structural VAR model
Linzert, Tobias - 2001
, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …
Persistent link: https://www.econbiz.de/10010297779
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What's on their mind: do exchange rate forecasters stick to theoretical models?
Schröder, Michael; Dornau, Robert - 1999
-price monetary model and the Mundell-Fleming model. These models are the theoretical basis for the estimation of latent structural …
Persistent link: https://www.econbiz.de/10010297610
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Exchange rate pass-through to consumer prices: a European perspective
Schröder, Michael; Hüfner, Felix P. - 2002
We study the pass-through of exchange rate changes to consumer prices for the euro area by estimating vector error correction models for Germany, France, Italy, the Netherlands and Spain. Using the weights of the Harmonized Index of Consumer Prices (HICP) we compute a weighted average of the...
Persistent link: https://www.econbiz.de/10010298101
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Map Intersection Based Merging Schemes for Administrative Data Sources and an Application to Germany
Arntz, Melanie; Wilke, Ralf A. - 2005
In many situations the applied researcher wants to combine different data sources without knowing the exact link and merging rule. This paper introduces a theoretical framework how two different regional administrative data sources can be merged. It presents different merging schemes based on...
Persistent link: https://www.econbiz.de/10010297429