Narrow search
Showing 1 - 10 of 138
Cover Image
Equilibrium unemployment, job flows and inflation dynamics
Trigari, Antonella - 2004
worker, job creation and job destruction conditional on a shock to monetary policy. Moreover, allowing for variation of the … helps to explain the sluggishness of inflation and the persistence of output after a monetary policy shock. The ability of …
Persistent link: https://www.econbiz.de/10009636527
Cover Image
Theoretical notes on bubbles and the current crisis
Martin, Alberto; Ventura, Jaume - 2011
We explore a view of the crisis as a shock to investor sentiment that led to the collapse of a bubble or pyramid scheme …
Persistent link: https://www.econbiz.de/10009640837
Cover Image
Stylised features of price setting behaviour in Portugal
Dias, Mónica; Dias, Daniel; Neves, Pedro D. - 2004
This paper identifies the empirical stylized features of price setting behaviour in Portugal using the micro-datasets underlying the consumer and the producer price indexes. The main conclusions are the following: 1 in every 4 prices change each month; there is a considerable degree of...
Persistent link: https://www.econbiz.de/10009636702
Cover Image
Asset pricing, habit memory, and the labor market
Jaccard, Ivan - 2010
This article studies the asset pricing and the business cycle implications of habit formation in a production economy with capital adjustment costs and endogenous labor supply. A specification of internal habit in the mix of consumption and leisure which minimizes the wealth effect on labor...
Persistent link: https://www.econbiz.de/10009640396
Cover Image
Identifying fiscal shocks and policy regimes in OECD countries
Arcangelis, Giuseppe de; Lamartina, Serena - 2003
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
Cover Image
Measuring contagion with a Bayesian, time-varying coefficient model
Ciccarelli, Matteo; Rebucci, Alessandro - 2003
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
Cover Image
Pass-through of external shocks to euro area inflation
Hahn, Elke - 2003
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
Cover Image
Measurement of contagion in banks' equity prices
Gropp, Reint; Moerman, Gerard - 2003
This paper uses the co-incidence of extreme shocks to banksu0092 risk to examine within country and across country … contagion among large EU banks. Banksu0092 risk is measured by the first difference of weekly distances to default and abnormal …
Persistent link: https://www.econbiz.de/10009636520
Cover Image
Inflation and relative price asymmetry
Ratfai, Attila - 2004
By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this study evaluates the quantitative importance of idiosyncratic pricing shocks in short-run aggregate price change dynamics. Robustly to alternative definitions of the relative...
Persistent link: https://www.econbiz.de/10009636524
Cover Image
International risk-sharing and the transmission of productivity shocks
Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004
effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset … the international transmission of productivity improvements generate the observed degree of risk-sharing: one associated … transmission pattern, questioning the presumption that terms-of-trade movements foster international risk-pooling. …
Persistent link: https://www.econbiz.de/10009636531