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We outline a dynamic stochastic general equilibrium (DSGE) model with trend extrapo-lation in asset pricing that we fit to quarterly U.S. macroeconomic time series with Baye-sian techniques. To be more precise, we modify the DSGE model in Smets and Wouters (2007) by incorporating asset traders...
Persistent link: https://www.econbiz.de/10010321374
On 15th November 2012 in Copenhagen, SUERF and Nykredit in association with Danmarks Nationalbank organised a conference on “Property prices and real estate financing in a turbulent world.” The papers included in this SUERF Study are based on contributions to the conference.
Persistent link: https://www.econbiz.de/10011689960
conventional unit root tests in modified forms can be used to construct early warning indicators for bubbles in financial markets … 1871, they are able to signal most of the consensus bubbles, defined as stock market booms for example by the IMF, and they … bubbles from the data. Finally, these early warning indicators are applied to data for several housing markets. In most of the …
Persistent link: https://www.econbiz.de/10012148911
This paper analyses structural and cyclical determinants of banking profitability in 16 Western European countries. We …. The industry concentration of national banking systems, though, does not significantly affect aggregate profitability …
Persistent link: https://www.econbiz.de/10010295936
firm's ability to improve its productivity growth and profitability. The case study reported here concerns the … in which the dependent variable is alternatively (labor) productivity growth and profitability. Our findings show that … growth and profitability. This suggests that firms pursue different strategies when patenting with the USPTO and the EPO, and …
Persistent link: https://www.econbiz.de/10010263794
The 2001 recession proved alarming to state government finances. A relatively shallow national recession led to a severe downturn in state revenues that took three years to unwind. In the current economic downturn, early signs of fiscal stress are already apparent. This raises several...
Persistent link: https://www.econbiz.de/10010292158
's q ratio displays regular cycles of bubbles and crashes reflecting an agency problem between investors and producers. The …
Persistent link: https://www.econbiz.de/10010309044
, sodass es insgesamt nur zu einer schwachen Erholung der Industrieproduktion kommen dürfte. …
Persistent link: https://www.econbiz.de/10011602103
kommenden Jahr wird sich die Expansion fortsetzen, wenn auch mit geringerem Tempo. Die Industrieproduktion wird ihr Niveau von …
Persistent link: https://www.econbiz.de/10011602267
Anhaltspunkte zur Entwicklung der Industrieproduktion in Deutschland. Während der Coronakrise wird der Index arbeitstäglich …
Persistent link: https://www.econbiz.de/10012268162