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We develop a new dynamic factor model to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers from financial...
Persistent link: https://www.econbiz.de/10014354863
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012479322
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012840446
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10012841432
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10013324697
Persistent link: https://www.econbiz.de/10001366380
We document changes in the structure of earnings during the economic transition in Poland. We find that inequality in … substantially, and by similar amounts. This illustrates how even state-owned enterprises in Poland moved towards competitive wage …, in contrast to the U.S. and U.K. experiences, increases in within-group inequality in Poland were very different across …
Persistent link: https://www.econbiz.de/10011411426
Persistent link: https://www.econbiz.de/10001708238
Persistent link: https://www.econbiz.de/10001674129
Persistent link: https://www.econbiz.de/10001633353