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Gesamtwirtschaftliche Folgen von Vermögensblasen im internationalen Vergleich
Bandholz, Harm; Hülsewig, Oliver; Illing, Gerhard; … - ifo Leibniz-Institut für Wirtschaftsforschung an der …
Die vorliegende Studie wurde im Arbeitsbereich "Konjunktur und Finanzmärkte" erstellt und im Dezember 2005 abgeschlossen. Auftraggeber war das Bundesministerium der Finanzen. Gegenstand der Studie sind die Auswirkungen von Vermögenspreisschwankungen auf die gesamtwirtschaftliche Aktivität. In...
Persistent link: https://www.econbiz.de/10008791372
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Is public capital productive in Europe?
Creel, Jerome; Poilon, Gwenaëlle - Centre de recherche en Économie (OFCE), Sciences … - 2006
VAR model (for France, Italy, Germany, the UK and the USA), a panel composed of 6 European countries (Austria, Belgium …, France, Germany, Italy and the Netherlands) and a regional panel (French regions) are therefore estimated. Public investment …
Persistent link: https://www.econbiz.de/10005689672
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The Effect of Public Capital on Aggregate Output – Empirical Evidence for 22 OECD Countries –
Wesselhöft, Jan-Erik - Fächergruppe Volkswirtschaftslehre, Helmut Schmidt … - 2013
Based on new estimates of public and private capital stocks for 22 OECD countries we study the dynamic effect of public capital on the real gross domestic product using a vector autoregression approach. Whereas most former studies put effort on examining the effects of public capital in a single...
Persistent link: https://www.econbiz.de/10010991217
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Nonperforming Loans and Macrofinancial Vulnerabilities in Advanced Economies
Nkusu, Mwanza - International Monetary Fund (IMF) - 2011
. First, we investigate the macroeconomic determinants of NPL in panel regressions and confirm that adverse macroeconomic … a panel vector autoregressive (PVAR) model. The impulse response functions (IRFs) attribute to NPL a central role in the …
Persistent link: https://www.econbiz.de/10009203534
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The Dynamic Effects of Public Capital: VAR Evidence for 22 OECD Countries
Kamps, Christophe - In: International Tax and Public Finance 12 (2005) 4, pp. 533-558
The issue of whether public capital is productive has received a great deal of recent attention. Yet, empirical analyses of public capital productivity have been limited to a small sample of countries for which official capital stock estimates are available. Building on a new database that...
Persistent link: https://www.econbiz.de/10005711366
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More on Testing Exact Rational Expectations in Cointegrated Vector Autoregressive Models: Restricted Drift Terms
Johansen, Søren; Swensen, Anders Rygh - Statistisk Sentralbyrå, Government of Norway - 2003
In this note we consider testing of a type of linear restrictions implied by rational expectations hypotheses in a cointegrated vector autoregressive model for I(1) variables when there in addition is a restriction on the deterministic drift term.
Persistent link: https://www.econbiz.de/10004980694
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On the Long Run Effects of Public Capital and Disaggregated Public Capital on Aggregate Output
Batina, Raymond - In: International Tax and Public Finance 5 (1998) 3, pp. 263-281
We study the cointegration properties of data on aggregate output, five proxies for labor, two proxies for private …. When public capital is disaggregated by type there is less evidence for cointegration. Finally, innovations in public …
Persistent link: https://www.econbiz.de/10005542938
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Do Purchasing Power Parity and Uncovered Interest Rate Parity Hold in the Long Run? - An Example of Likelihood in a Multivariate Time-Series Model
: Katarina Juselius - Økonomisk Institut, Københavns Universitet - 1993
representation of the full cointegration space is found to facilitate the understanding of the interaction between the goods and the …
Persistent link: https://www.econbiz.de/10005543484
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Financial Cycles and Bankruptcies in the Nordic Countries
Hansen, Jan - Sveriges Riksbank - 2003
a financial cycle, followed by severe banking crises. Cointegration analysis and Granger causality tests suggest that …
Persistent link: https://www.econbiz.de/10005649101
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The Dynamic Effects of Public Capital: VAR Evidence for 22 OECD Countries
Kamps, Christophe - Institut für Weltwirtschaft (IfW) - 2004
The issue of whether government capital is productive has received a great deal of recent attention. Yet, empirical analyses of public capital productivity have been limited to a small sample of countries for which official capital stock estimates are available. Building on a new database that...
Persistent link: https://www.econbiz.de/10005700613