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Modelling loans to non-financial corporations within the Eurozone : a long-memory approach
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2020
This paper uses fractional integration and cointegration methods to analyse the determinants of the amount of loans … gross investment as determinants of loans to NFCs. The forecasting accuracy of the FCVAR was also assessed by comparing it …
Persistent link: https://www.econbiz.de/10012310523
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Money, credit, monetary policy, and the business cycle in the euro area : what has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
. Long-term interest rates have been exceptionally high and long-term loans and deposits exceptionally low since the Lehman … collapse. Instead, short-term interest rates and short-term loans and deposits did not show abnormal dynamics in the course of …
Persistent link: https://www.econbiz.de/10012000041
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Money, credit, monetary policy and the business cycle in the euro area : what has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
. Long-term interest rates have been exceptionally high and long-term loans and deposits exceptionally low since the Lehman … collapse. Instead, short-term interest rates and short-term loans and deposits did not show abnormal dynamics in the course of …
Persistent link: https://www.econbiz.de/10011959310
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Money, credit, monetary policy and the business cycle in the euro area: What has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
. Long-term interest rates have been exceptionally high and long-term loans and deposits exceptionally low since the Lehman … collapse. Instead, short-term interest rates and short-term loans and deposits did not show abnormal dynamics in the course of …
Persistent link: https://www.econbiz.de/10012142070
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Money, credit, monetary policy, and the business cycle in the euro area: What has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
. Long-term interest rates have been exceptionally high and long-term loans and deposits exceptionally low since the Lehman … collapse. Instead, short-term interest rates and short-term loans and deposits did not show abnormal dynamics in the course of …
Persistent link: https://www.econbiz.de/10012144728
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Modelling loans to non-financial corporations in the euro area
Kok, Christoffer; Marqués-Ibáñez, David; Rossi, Carlotta - 2009
We model the determinants of loans to non-financial corporations in the euro area. Using the Johansen (1992 … loans to non-financial corporations in the euro area can be reasonably explained by the model. We then use the estimated …
Persistent link: https://www.econbiz.de/10011605035
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The dynamic effects of shocks to wages and prices in the United States and the euro area
Duarte, Rita Netto de Miranda; Marques, Carlos Robalo - 2009
This paper investigates the dynamics of aggregate wages and prices in the United States (US) and the Euro Area (EA) with a special focus on persistence of real wages, wage and price inflation. The analysis is conducted within a structural vector errorcorrection model, where the structural shocks...
Persistent link: https://www.econbiz.de/10003867061
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Modelling loans to non-financial corporations in the euro area
Kok Sørensen, Christoffer; Marqués Ibáñez, David; … - 2009
corporations. -- Bank credit ; euro area ; non-financial corporations ; cointegration ; error-correction model …We model the determinants of loans to non-financial corporations in the euro area. Using the Johansen (1992 … loans to non-financial corporations in the euro area can be reasonably explained by the model. We then use the estimated …
Persistent link: https://www.econbiz.de/10003826460
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Net Foreign Assets in the Euro Area: A Cointegration Analysis
Girardi, Alessandro; Paesani, Paolo - Dipartimento di Economia e Diritto, Facoltà di Economia - 2005
This paper discusses the macroeconomics of NFA at the Euro Area level, making use of the cointegrated VAR methodology. The wish to contribute to the literature on EMU motivates the choice of the topic; the non-stationarity of the data explains the choice of the methodology. The main conclusion of...
Persistent link: https://www.econbiz.de/10009649960
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The Transfer Problem in the Euro Area : A Cointegration Analysis
Girardi, Alessandro; Paesani, Paolo - 2005
This paper empirically investigates the Transfer problem for the "Euro area" vis a vis the Rest of the world. The empirical analysis is developed in a theoretically and statistically consistent way and is intended as a contribution to the literature on the macroeconomics of EMU. The paper...
Persistent link: https://www.econbiz.de/10014061593