Showing 1 - 10 of 19
To measure contagion empirically, we propose using a Bayesian time-varying coefficient model estimated with Markov ChainMonte Carlo methods. The proposed measure works in the joint presence of heteroskedasticity and omitted variables and does not require knowledge of the timing of the crisis. It...
Persistent link: https://www.econbiz.de/10009635914
organisers of the conference 'Time for action — towards sustainable consumption and production in Europe'. Three sets of three … top-priority recommendations towards sustainable consumption and production (SCP) in Europe were developed at the …
Persistent link: https://www.econbiz.de/10009639022
This guide shows how a life cycle approach can be used to identify and reduce the environmental and health impacts of the products we use. It underlines the importance of considering these issues across the entire life cycle of a product and sets them within the context of policy development,...
Persistent link: https://www.econbiz.de/10009640202
The consumption of goods and services in EEA member countries is a major driver of global resource use — and associated … European consumption taking place beyond Europe. Food and drink, housing, mobility and tourism are responsible for a large part … of the pressures and impacts caused by consumption in the EU. Achieving significant reductions in environmental pressures …
Persistent link: https://www.econbiz.de/10009640562
of consumption and production patterns. It begins with a review of key recent environmental trends in the region, then … production and consumption patterns. Addressing environmental challenges in a sustainable manner requires a close review of …
Persistent link: https://www.econbiz.de/10009640952
This Country Focus studies the development of private consumption in France during the decade before the crisis. Are … French consumers greater spendthrifts than their European fellows? In this paper, we estimate a consumption function to show … that strong growth of private consumption in France during the pre-crisis decade is explained by the main determinants …
Persistent link: https://www.econbiz.de/10009641052
In Germany private consumption virtually stagnated for nearly a decade and clearly lagged behind GDP growth. This … Country Focus uses the estimation of a consumption function to show that the drop in employment is the most important factor … and the expiry of the more generous depreciation rules have also held back private consumption. Since these one-offs will …
Persistent link: https://www.econbiz.de/10009641101
Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...
Persistent link: https://www.econbiz.de/10009635881
The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a SVAR model some fiscal policy regimes, i.e. a u0094set of rulesu0094 for the implementation of fiscal policies. Second, we identify the fiscal policy shocks related to different...
Persistent link: https://www.econbiz.de/10009635887
This paper investigates the pass-through of external shocks, i.e. oil price shocks, exchange rate shocks, and non-oil import price shocks to euro area inflation at different stages of distribution (import prices, producer prices and consumer prices). The analysis is based on a VAR model that...
Persistent link: https://www.econbiz.de/10009635958