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Two orthogonal continents? : testing a two-country DSGE model of the US and EU using indirect inference
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2009
Persistent link: https://www.econbiz.de/10003875772
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What causes banking crises? : an emprical investigation for the world economy
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2013
Persistent link: https://www.econbiz.de/10009734271
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What causes banking crises? : an empirical investigation
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick - 2012
We add the Bernanke-Gertler-Gilchrist model to a modified version of the Smets-Wouters model of the US in order to explore the causes of the banking crisis. We test the model against the data on HP-detrended data and reestimate it by indirect inference; the resulting model passes the Wald test on...
Persistent link: https://www.econbiz.de/10009563557
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Two orthogonal continents : testing a two-country DSGE model of the US and the EU using indirect inference
Le, Vo Phuong Mai; Meenagh, David; Meenagh, David; … - 2009
We examine a two country model of the EU and the US. Each has a small sector of the labour and product markets in which … spillovers between the US and the EU. -- Bootstrap ; Open economy model ; DSGE ; VAR ; New Keynesian ; New Classical ; indirect …
Persistent link: https://www.econbiz.de/10003817144
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What causes banking crises? : an empirical investigation for the world economy
Le, Vo Phuong Mai; Meenagh, David; Minford, Patrick; … - 2013
We add the Bernanke-Gertler-Gilchrist model to a world model consisting of the US, the Eurozone and the Rest of the World in order to explore the causes of the banking crisis. We test the model against linear-detrended data and reestimate it by indirect inference; the resulting model passes the...
Persistent link: https://www.econbiz.de/10009738907