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Reviewing the Sustainability/Stationarity of Current Account Imbalances with Tests for Bounded Integration

Herwartz, Helmut; Fang, Xu - 2009

We investigate for 26 OECD economies whether their current account imbalances to GDP are driven by stochastic trends. Regarding bounded stationarity as the more natural counterpart of sustainability, results from Phillips-Perron tests for unit root and bounded unit root processes are contrasted....

Persistent link: https://www.econbiz.de/10014201022

Reviewing the sustainability/stationarity of current account imbalances with tests for bounded integration

Herwartz, Helmut (contributor); Fang, Xu (contributor) - 2006

We investigate for 26 OECD economies if their current account imbalances are driven by stochastic trends. Standard ADF results are contrasted with tests accounting for the bounded support of the current account. Neglecting the latter feature might give misleading results in the sense that ADF...

Persistent link: https://www.econbiz.de/10003334824

Determinants of current account imbalances in 16 OECD countries : an out-of-sample perspective

Herwartz, Helmut; Siedenburg, Florian - In: Review of world economics 143 (2007) 2, pp. 349-374

Persistent link: https://www.econbiz.de/10003499481

Reviewing the sustainability, stationarity of current account imbalances with tests for bounded integration

Herwartz, Helmut; Fang, Xu - In: The Manchester School 76 (2008) 3, pp. 267-278

Persistent link: https://www.econbiz.de/10003701470

Testing the purchasing power parity in pooled systems of error correction models

Herwartz, Helmut; Reimers, Hans-Eggert - 2000

Persistent link: https://www.econbiz.de/10001528178

Long-run links among money, prices, and output : world-wide evidence

Herwartz, Helmut; Reimers, Hans-Eggert - 2001

-specific models for 110 economies, and also a pooled system thereof. We test for cointegration among money, prices, and real output …-star variables are constructed and the cointegration property between prices and the P-star variable is analysed. Along these lines …

Persistent link: https://www.econbiz.de/10001619025

Testing the purchasing power parity in pooled systems of error correction models

Herwartz, Helmut; Reimers, Hans-Eggert - In: Japan and the world economy : international journal of … 14 (2002) 1, pp. 45-62

Persistent link: https://www.econbiz.de/10001637863

Panel nonstationary tests of the Fisher hypothesis : an analysis of 114 economies during the period 1960 - 2004

Herwartz, Helmut; Reimers, Hans-Eggert - In: Applied econometrics and international development 6 (2006) 3, pp. 39-54

Persistent link: https://www.econbiz.de/10003932880

Regional labor demand and national labor market institutions in the EU15

Herwartz, Helmut; Niebuhr, Annekatrin - 2011

The labor market effects of the recent financial and economic crisis are rather heterogeneous across countries and regions. Such differences in labor market performance among industrialized countries are an issue of ongoing research. The objective of this paper is to analyse labor market...

Persistent link: https://www.econbiz.de/10009311598

Modelling the Fisher hypothesis: World wide evidence

Herwartz, Helmut (contributor); … - 2006

cointegration linking interest rates and inflation, and stationarity of the real interest rate implying in turn homogeneity of the … favor of cointegration is weak over periods of high inflation. The Fisher coe±cient turns out to be remarkably stable and is …

Persistent link: https://www.econbiz.de/10003296858