Similar Search Results

The Financial Crisis in Japan – Are There Similarities to the Current Situation?

Mayr, Johannes - In: CESifo Forum 09 (2008) 4, pp. 64-68

Persistent link: https://www.econbiz.de/10011695915

Cyclicality of real wages in the USA and Germany: New insights from wavelet analysis

Marczak, Martyna; Gómez, Víctor - 2012

This article provides new insights into the cyclical behavior of consumer and producer real wages in the USA and … cyclical patterns over time. From the findings of our study, we can infer that the USA and Germany differ with respect to the … lead-lag relationship of real wages and the business cycle. In the USA, both real wages are leading the business cycle in …

Persistent link: https://www.econbiz.de/10010309235

Wavelet analysis of Central European stock market behaviour during the crisis

Baruník, Jozef; Vácha, Lukáš - 2009

In the paper we test for the different reactions of stock markets to the current financial crisis. We focus on Central European stock markets, namely the Czech, Polish and Hungarian ones, and compare them to the German and U.S. benchmark stock markets. Using wavelet analysis, we decompose a time...

Persistent link: https://www.econbiz.de/10010322184

Real wages and the business cycles in Germany

Marczak, Martyna; Beissinger, Thomas - 2010

This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...

Persistent link: https://www.econbiz.de/10010274586

Real wages and the business cycle in Germany

Marczak, Martyna; Beissinger, Thomas - 2010

Persistent link: https://www.econbiz.de/10010302616

Long-run and cyclical dynamics in the US stock market

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2004

This paper examines the long-run dynamics and the cyclical structure of the US stock market using fractional integration techniques, specifically a version of the tests of Robinson (1994a) which allows for unit (or fractional) roots both at the zero (long-run) and at the cyclical frequencies. We...

Persistent link: https://www.econbiz.de/10010293737

Models with Time-varying Mean and Variance: A Robust Analysis of U.S. Industrial Production

Bos, Charles S.; Koopman, Siem Jan - 2010

Many seasonal macroeconomic time series are subject to changes in their means and variances over a long time horizon. In this paper we propose a general treatment for the modelling of time-varying features in economic time series. We show that time series models with mean and variance functions...

Persistent link: https://www.econbiz.de/10010326058

Economic Cycles and Their Synchronization: A Survey of Spectral Properties

Sella, L.; Vivaldo, G.; Groth, A.; Ghil, M. - 2013

The present work applies several advanced spectral methods to the analysis of macroeconomic fluctuations in three countries of the European Union: Italy, The Netherlands, and the United Kingdom. We focus here in particular on singular-spectrum analysis (SSA), which provides valuable spatial and...

Persistent link: https://www.econbiz.de/10010328677

The role of oscillatory modes in US business cycles

Groth, Andreas; Ghil, Michael; Hallegatte, Stéphane; … - 2012

We apply the advanced time-and-frequency-domain method of singular spectrum analysis to study business cycle dynamics in a set of nine U.S. macroeconomic indicators. This method provides a robust way to identify and reconstruct shared oscillations, whether intermittent or modulated. We address...

Persistent link: https://www.econbiz.de/10010282959

The term structure of interest rates across frequencies

Assenmacher-Wesche, Katrin; Gerlach, Stefan - 2008

This paper tests the expectations hypothesis (EH) of the term structure of interest rates in US data, using spectral regression techniques that allow us to consider different frequency bands. We find a positive relation between the term spread and the change in the long-term interest rate in a...

Persistent link: https://www.econbiz.de/10011605022

1
2
3
4
5
6
7
8
9
10
Next
Last