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Los efectos directos e indirectos de un shock sectorial asimétrico a nivel global: Un análisis dinámico de las relaciones insumo-producto
Montes-Rojas, Gabriel; Noguera, Deborah - 2023
Persistent link: https://www.econbiz.de/10014545925
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Restatement of the I-O coefficient stability problem
Dobrescu, Emilian - In: Journal of Economic Structures 2 (2013), pp. 1-67
The capacity of input-output tables to reflect the structural peculiarities of an economy and to forecast, on this basis, its evolution, depends essentially on the characteristics of the matrix A matrix of I-O (or technical) coefficients. However, the temporal behaviour of these coefficients is...
Persistent link: https://www.econbiz.de/10011551997
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On the (de)stabilizing effects of news shocks
Winkler, Roland C.; Wohltmann, Hans-Werner - 2009
This paper analyzes the impacts of news shocks on macroeconomic volatility. Whereas in any purely forward-looking model …, such as the baseline New Keynesian model, anticipation amplifies volatility, we obtain ambiguous results when including a …) to provide numerical evidence that news shocks increase the volatility of key macroeconomic variables in the euro area …
Persistent link: https://www.econbiz.de/10010298830
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On the (de)stabilizing effects of news shocks
Winkler, Roland C.; Wohltmann, Hans-Werner - 2009
This paper analyzes the impacts of news shocks on macroeconomic volatility. Whereas anticipation amplifies volatility …) to provide numerical evidence that news shocks increase the volatility of key macroeconomic variables in the euro area …
Persistent link: https://www.econbiz.de/10010285357
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On the importance of sectoral and regional shocks for price-setting
Hubrich, Kirstin; Marcellino, Massimiliano; Beck, Günter W. - 2011
sectoral regional inflation rates and exhibits much less volatility than previous findings for the US indicate. We further …
Persistent link: https://www.econbiz.de/10011605380
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The problem of negatives generated by the commodity technology model in input-output analysis: A review of the solutions
ten Raa, Thijs; Rueda-Cantuche, José - In: Journal of Economic Structures 2 (2013), pp. 1-14
Many economic models (e.g., computable general equilibrium models, econometric input-output models) revolve around a matrix of technical coefficients. However, these matrices can be estimated only once every 5 years as long as they are calculated from input-output tables and these are only...
Persistent link: https://www.econbiz.de/10011552000
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What Follows Tertiarisation? Structural Change and the Role of Knowledge-based Services
Peneder, Michael; Kaniovski, Serguei; Dachs, Bernhard - 2001
The rise of the service economy has been the predominant pattern of structural change in the twentieth century. This article investigates the driving forces behind the recent stages of this development. Focusing on international input - output data from the early 1970s to the 1990s, a...
Persistent link: https://www.econbiz.de/10011435074
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Price pressures
Hendershott, Terrence; Menkveld, Albert J. - 2010
intermediary data reveal economically large price pressures. A $100,000 inventory shock causes an average price pressure of 0 ….28% with a half-life of 0.92 days. Price pressure causes average transitory volatility in daily stock returns of 0.49%. Price …
Persistent link: https://www.econbiz.de/10010303739
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The processing of non-anticipated information in financial markets: Analyzing the impact of surprises in the employment report
Hautsch, Nikolaus; Hess, Dieter - 2002
differences of opinion is left, and hence volatility is decreased. …
Persistent link: https://www.econbiz.de/10010324062
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Fiscal Sustainability, Volatility and Oil Wealth: A Stochastic Analysis of Fiscal Spending Rules
van Wijnbergen, Sweder; Budina, Nina - 2011
Whether fiscal policy is sustainable depends on a government's future revenue and expenditure streams, both of which are highly uncertain. In commodity-rich countries, this problem is intensified by unpredictable and volatile commodity prices. We show how spending rules for oil income and...
Persistent link: https://www.econbiz.de/10010325791