Narrow search
Showing 1 - 10 of 281
Cover Image
International and historical dimensions of the financial crisis of 2007 and 2008
Dwyer, Gerald P.; Lothian, James R. - In: Journal of International Money and Finance 31 (2012) 1, pp. 1-9
This article provides an interpretative overview of the papers in this special issue of JIMF devoted to international aspects of the 2007–2009 financial crisis. It then goes on to provide additional empirical evidence of two sorts. The first documents the difference between the monetary...
Persistent link: https://www.econbiz.de/10010577044
Cover Image
Temporal aggregation, systematic sampling, and the Hodrick-Prescott filter
Maravall, Agustín; Río, Ana del - Banco de España - 2007
Maravall and del Río (2001), analized the time aggregation properties of the Hodrick-Prescott (HP) filter, which decomposes a time series into trend and cycle, for the case of annual, quarterly, and monthly data, and showed that aggregation of the disaggregate component cannot be obtained as...
Persistent link: https://www.econbiz.de/10005022260
Cover Image
Measuring financial stress in transition economies
Cevik, Emrah Ismail; Dibooglu, Sel; Kutan, Ali M. - In: Journal of Financial Stability 9 (2013) 4, pp. 597-611
sector fragility, time varying stock market return volatility, sovereign debt spreads, an exchange market pressure index, and …
Persistent link: https://www.econbiz.de/10010729653
Cover Image
Performance Evaluation of the New Connecticut Leading Employment Index Using Lead Profiles and BVAR Models
Banerji, Anirvan; Dua, Pami; Miller, Stephen M. - Department of Economics, University of Connecticut - 2002
Dua and Miller (1996) created leading and coincident employment indexes for the state of Connecticut, following Moore's (1981) work at the national level. The performance of the Dua-Miller indexes following the recession of the early 1990s fell short of expectations. This paper performs two...
Persistent link: https://www.econbiz.de/10005839004
Cover Image
Seasonal and Cyclical Properties of Ifo Business Test Variables
Flaig, Gebhard - In: Journal of Economics and Statistics (Jahrbuecher fuer … 223 (2003) 5, pp. 556-570
In this paper, an Unobserved Components Model is used to decompose the balances of Ifo Business survey data into the cyclical, the seasonal and the irregular components, as well as the working day effect. The empirical results show that the total cycle consists of three subcycles with about 3, 5...
Persistent link: https://www.econbiz.de/10008533705
Cover Image
Measuring financial stress in Turkey
Cevik, Emrah Ismail; Dibooglu, Sel; Kenc, Turalay - In: Journal of Policy Modeling 35 (2013) 2, pp. 370-383
This study examines episodes of financial stress and develops a financial stress index for the Turkish economy for the 1997–2010 period. We consider various variables that summarize different aspects of financial conditions in the economy to gauge financial stress. We construct the index and...
Persistent link: https://www.econbiz.de/10010703090
Cover Image
Volatility and growth: Governments are key
Jetter, Michael - In: European Journal of Political Economy 36 (2014) C, pp. 71-88
paper offers a solution to this disagreement, suggesting that volatility carries not only a positive direct effect, but also … effect of volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel … a one standard deviation increase of volatility lowers growth by up to 0.52 percentage points in a democracy, but raises …
Persistent link: https://www.econbiz.de/10010939860
Cover Image
Identificación de ciclos económicos en Bolivia: 1970-2008
Valdivia, Daney; Yujra, Paola - Volkswirtschaftliche Fakultät, … - 2009
apply statistical analysis, volatility and correlations, to characterize the business cycle of fundamental variables for the …
Persistent link: https://www.econbiz.de/10009397176
Cover Image
Credit Constraints and the Cyclicality of R&D Investment: Evidence from France.
Aghion, P.; Askenazy, P.; Berman, N.; Cette, G.; Eymard, L. - Banque de France - 2008
volatility in more credit constrained firms. …
Persistent link: https://www.econbiz.de/10008528504
Cover Image
The Cyclical Dynamics and Volatility of Australian Output and Employment
Dixon, Robert; Shepherd, David - Department of Economics, Faculty of Business and Economics - 2006
In this paper we examine the volatility of aggregate output and employment in Australia with the aid of a frequency … to output volatility in Australia which holds that there was a once and for all sustained reduction in output volatility … in or around 1984. We do not find any convincing evidence for a sustained reduction in the cyclical volatility of the GDP …
Persistent link: https://www.econbiz.de/10005458636