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Nonlinear bilateral trade balance-fundamentals nexus: A panel smooth transition regression approach
Wu, Po-Chin; Liu, Shiao-Yen; Pan, Sheng-Chieh - In: International Review of Economics & Finance 27 (2013) C, pp. 318-329
, and import-weighted distances) on China's trade balances with the G7 countries between 1975 and 2010 by using a panel …
Persistent link: https://www.econbiz.de/10010664309
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Real exchange rate misalignment and economic growth in Malaysia
Wong, Hock Tsen - In: Journal of Economic Studies 40 (2013) 3, pp. 298-313
Purpose – The purpose of this study is to examine real exchange rate misalignment and economic growth in Malaysia. Design/methodology/approach – The result of the autoregressive distributed lag (ARDL) approach and the generalized forecast error variance decomposition. Findings – The result...
Persistent link: https://www.econbiz.de/10010814566
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The bilateral trade balance of the EU in the presence of structural breaks
Ketenci, Natalya - Volkswirtschaftliche Fakultät, … - 2014
presence of structural breaks in series. In order to test the cointegration relationships of series, three different … cointegration techniques were applied to the data. First, the Gregory and Hansen (1996) cointegration test was applied, which allows … for one structural shift; then, for cases where two breaks were detected, the Hatemi-J (2008) cointegration test was …
Persistent link: https://www.econbiz.de/10011108007
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Consistency of nonlinear regression quantiles under Type I censoring weak dependence and general covariate design
Oberhofer, Walter; Haupt, Harry - Wirtschaftswissenschaftliche Fakultät, Universität … - 2005
For both deterministic or stochastic regressors, as well as parametric nonlinear or linear regression functions, we prove the weak consistency of the coefficient estimators for the Type I censored quantile regression model under different censoring mechanisms with censoring points depending on...
Persistent link: https://www.econbiz.de/10005607530
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The real interest rate, the real oil price, and US unemployment revisited
Andreopoulos, Spyros - School of Economics, Finance and Management, University … - 2006
The time series evidence on the relationship between unemployment and the real prices of capital and energy is re-examined for US data. In contrast to previous studies, results indicate that the real interest rate matters little, if at all, for equilibrium unemployment. Using a Markov Switching...
Persistent link: https://www.econbiz.de/10005077117
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How important are real interest rates for oil prices?
Arora, Vipin; Tanner, Matthew - Volkswirtschaftliche Fakultät, … - 2011
Using a recursive vector autoregression (VAR), this paper considers the relation between the U.S. real interest rate and the real oil price. Theoretically, as outlined in Hotelling (1931) and Working (1949), a lower real interest rate results in reduced production and increased storage, implying...
Persistent link: https://www.econbiz.de/10009397191
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Oil Matters: Real Input Prices and U.S. Unemployment Revisited
Andreopoulos, Spyros - In: Topics in Macroeconomics 9 (2009) 1, pp. 1632-1632
Motivated by structural instability in the energy price - macroeconomy nexus, this paper revisits Granger causality between unemployment and real input prices, the real prices of energy (crude oil) and capital (real interest rate). Time varying Granger causality is investigated through...
Persistent link: https://www.econbiz.de/10005046435
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Do oil prices respond to real interest rates?
Arora, Vipin; Tanner, Matthew - In: Energy Economics 36 (2013) C, pp. 546-555
We show that the robustness of an inverse relationship between the real interest rate and real oil price depends crucially on how the real interest rate is calculated, and the time-frame of the sample. Consistent with earlier studies, we find that the oil price falls with an unexpected rise in...
Persistent link: https://www.econbiz.de/10010616838
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MONETARY POLICY AND OIL PRICES
Hošek, Jan; Komárek, Luboš; Motl, Martin - Department of Economics, University of Warwick - 2010
This article discusses the relationship between monetary policy and oil prices and, in a broader sense, commodity prices. Firstly, it focuses on describing the relationship between key macroeconomic variables, gas prices and other commodity prices relative to oil prices. Subsequently, it...
Persistent link: https://www.econbiz.de/10008671632
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Monetary Policy and Price of Oil
Hošek, Jan; Komárek, Luboš; Motl, Martin - In: Politická ekonomie 2011 (2011) 1, pp. 22-46
The article discusses the relationship between monetary policy and price of oil, in broader sense price of commodities. Firstly it focuses on describing the relationship of key macroeconomic variables, gas prices and other commodities against oil prices. Subsequently, it discusses the existence...
Persistent link: https://www.econbiz.de/10008876462