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output and employment in various sectors using the 1989 and 1997 conversions matrices. The sectoral output and employment are … demand, other components remaining unchanged, on output and employment. A comparison of the aggregate output and employment … multipliers in 1989 to 1997 indicates that while the output multipliers have increased, the employment multipliers have declined …
Persistent link: https://www.econbiz.de/10009483486
for each year in our sample. Combining the Spanish Input-Output structure and firm-specific measures of upstream and … real activity. Credit supply shocks have sizable direct and downstream propagation effects on investment and output … throughout the period but no significant impact on employment during the expansion period. Downstream propagation effects are …
Persistent link: https://www.econbiz.de/10012530602
In recent years the New Keynesian Model with price stickiness of the Calvo type has become the most widely used theoretical framework for addressing various normative issues such as how optimal monetary and fiscal policy should be conducted. However, the New Keynesian Model has been criticized...
Persistent link: https://www.econbiz.de/10009482289
Durland and McCurdy [Durland, J.M., McCurdy, T.H., 1994. Duration-dependent transitions in a Markov model of US GNP … growth. Journal of Business and Economic Statistics 12, 279?288] investigated the issue of duration dependence in US business … Economic Statistics 12, 299?308]. In Durland and McCurdy?s model duration alone was used as an explanatory variable of the …
Persistent link: https://www.econbiz.de/10009483399
and GDP, the real appreciation and the current account deterioration. Moreover, consumption and output are found to follow … from expectations about the duration of the peg and post-stabilization monetary policy. In conclusion, the dissertation …
Persistent link: https://www.econbiz.de/10009467119
Indian firms lead the pack of emerging market investors in Germany, with about 188 subsidiaries providing employment to …
Persistent link: https://www.econbiz.de/10009457683
In the early 2000s’ the stock markets from Central and Eastern European perimeter began to develop quantitatively and qualitatively in an accelerated manner and Romania and Republic of Croatia did not made an exception to this trend and, also, had not been spared by the effects of the economic...
Persistent link: https://www.econbiz.de/10011437114
While much attention has focused on the modelling of the interdependencies between key aggregates and stock indices in industrialised countries, this thesis is focused on investments in emerging markets and real estate – two research branches that have up to now not been investigated to a...
Persistent link: https://www.econbiz.de/10009450173