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Fast ML estimation of dynamic bifactor models : an application to European inflation

Fiorentini, Gabriele; Galesi, Alessandro; Sentana, Enrique - 2015

Generalizamos el algoritmo EM espectral para modelos factoriales dinámicos de Fiorentini, Galesi y Sentana (2014) a modelos bifactoriales con factores tanto globales como regionales. Aprovechamos la raleza de las matrices de coefi cientes de manera que se puedan estimar dichos modelos por...

Persistent link: https://www.econbiz.de/10012530482

Firm-level exchange rate exposure in the Eurozone

Hutson, Elaine; O'Driscoll, Anthony

Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …

Persistent link: https://www.econbiz.de/10009475709

WTO Negotiations on Market Access in Agriculture: A Comparison of Alternative Tariff Cut Scenarios for the EU and the US

Bureau, Jean-Christophe; Salvatici, Luca - 2002

This paper provides a summary measure of the possible new commitments in the area of market access undertaken by the European Union and the United States, using the Trade Restrictiveness Index (TRI) as the tariff aggregator. Indicators such as the TRI, based on welfare theory, integrate economic...

Persistent link: https://www.econbiz.de/10009443837

Economic Effects of Oil and Food Price Shocks in Asia and Pacific Countries: An Application of SVAR Model

Alom, Fardous - 2011

This study investigates the economic effects of external oil and food price shocks in thecontext of selected Asia and Pacific countries including Australia, New Zealand, SouthKorea, Singapore, Hong Kong, Taiwan, India and Thailand. The study is conducted withinthe framework of SVAR model using...

Persistent link: https://www.econbiz.de/10009442814

Adjusting to the Euro

Fagan, Gabriel; Gaspar, Vitor - 2006

In this paper we argue that, for a group of converging economies of the European Union, participation in the euro area has been associated with easier access to financing by domestic economic agents. Easier access to financing was a significant impulse leading to a sharp increase in households'...

Persistent link: https://www.econbiz.de/10009440740

How Important Are Foreign Shocks in Small Open Economy? The Case of Slovakia

Horváth, Roman; Rusnák, Marek - 2008

In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...

Persistent link: https://www.econbiz.de/10009477391

Europos Centrinio banko veiklos teisinis reguliavimas

Narbutaitė, Gema - 2006

the Euro-zone. Moreover, the EMU creates conditions for economic and monetary stability all over Europe which allows for …

Persistent link: https://www.econbiz.de/10009478178

Exchange rate pass-through in the euro area and EU countries

Ortega Eslava, Eva; Osbat, Chiara - 2020

La traslación del tipo de cambio (ERPT, por sus siglas en inglés) a los precios de importación y consumo en la Unión Europea es, en términos agregados, menor que en los años 90 y tiene un comportamiento no lineal. Estimaciones agregadas de una traslación pequeña a los precios al consumo...

Persistent link: https://www.econbiz.de/10012523788

EMU deepening and sovereign debt spreads: using political space to achieve policy space

Kataryniuk, Iván; Mora Bajén, Víctor María; Pérez … - 2021

La aparición de diferenciales soberanos dentro de la Unión Económica y Monetaria (UEM) responde a que los mercados incorporan en el precio de la deuda pública los fundamentales heterogéneos de los países, pero también el riesgo de redenominación, dada la naturaleza incompleta de la UEM....

Persistent link: https://www.econbiz.de/10012525473

The financial and real performance of non-financial corporations in the euro area : 1999-2015

Salas Fumás, Vicente; San Juan del Peso, Lucio; … - 2017

Este trabajo documenta el comportamiento agregado de las empresas no financieras en las principales economías de la zona del euro y lo compara con el de Estados Unidos a partir de la información de las Cuentas Nacionales Sectoriales y las Cuentas Financieras. Encontramos diferencias muy...

Persistent link: https://www.econbiz.de/10012529600