Narrow search
Showing 1 - 10 of 777
Cover Image
The International Wealth Channel: A Global Error-Correcting Analysis
Holinski, Nils; Vermeulen, Robert - Centre de Recherche en Économie Appliquée (CREA), … - 2010
This paper analyzes the empirical link between asset prices, consumption and the trade balance using a global macroeconometric model developed by Pesaran, Schuermann, and Weiner (2004). The model is estimated for 29 countries with quarterly data over the period 1981Q1 - 2006Q4. Motivated by...
Persistent link: https://www.econbiz.de/10008492756
Cover Image
Elasticity Optimism
Imbs, Jean; Mˆmjean, Isabelle - Hong Kong Institute for Monetary Research (HKIMR), … - 2008
Estimates of the elasticity of substitution between domestic and foreign varieties are small in macroeconomic data, but substantially larger in disaggregated microeconomic studies. This may be an artifact of heterogeneity. We use disaggregated multilateral trade data to structurally identify...
Persistent link: https://www.econbiz.de/10005357477
Cover Image
Elasticity Optimism
Imbs, Jean; Mejean, Isabelle - C.E.P.R. Discussion Papers - 2009
Estimates of the elasticity of substitution between domestic and foreign varieties are small in macroeconomic data, and substantially larger in disaggregated studies. This may be an artifact of heterogeneity. We use disaggregated multilateral trade data to structurally identify elasticities of...
Persistent link: https://www.econbiz.de/10005123775
Cover Image
Elasticity optimism
Imbs, Jean; Méjean, Isabelle - HAL - 2009
Estimates of the elasticity of substitution between domestic and foreign varieties are small in macroeconomic data, and substantially larger in disaggregated studies. This may be an artifact of heterogeneity. We use disaggregated multilateral trade data to structurally identify elasticities of...
Persistent link: https://www.econbiz.de/10008793729
Cover Image
Global imbalances and household savings: the role of wealth
Salotti, Simone - Volkswirtschaftliche Fakultät, … - 2008
Many claim that fluctuations in US private savings help to create and to sustain global imbalances because of their influence on the current account deficit. To test this claim, this paper investigates the determinants of aggregate household savings using a panel of 18 developed countries for...
Persistent link: https://www.econbiz.de/10008544701
Cover Image
Evaluating a Global Vector Autoregression for Forecasting
Ericsson, Neil; Reisman, Erica - In: International Advances in Economic Research 18 (2012) 3, pp. 247-258
and evaluate forecasts from a paradigm GVAR with 26 countries, based on Dées, di Mauro et al. (<CitationRef CitationID …="CR13">2007</CitationRef>). The current paper empirically assesses the GVAR in Dées, di Mauro et al. (<CitationRef … improved, more robust specification of that GVAR. Some tests are suggestive of how to achieve such improvements. Copyright …
Persistent link: https://www.econbiz.de/10010989405
Cover Image
Does the economic integration of China affect growth and inflation in industrial countries?
Dreger, Christian; Zhang, Yanqun - FIW - 2013
The Chinese economic development affects GDP growth and inflation in the advanced countries. A GVAR approach is used to …
Persistent link: https://www.econbiz.de/10010856800
Cover Image
Evaluating a Global Vector Autoregression for Forecasting
Ericsson, Neil R.; Reisman, Erica L. - Department of Economics, George Washington University - 2012
paradigm GVAR with 26 countries, based on Dées, di Mauro, Pesaran, and Smith (2007). The current paper empirically assesses the … GVAR in Dées, di Mauro, Pesaran, and Smith (2007) with impulse indicator saturation (IIS)—a new generic procedure for … room for an improved, more robust specification of that GVAR. Some tests are suggestive of how to achieve such improvements. …
Persistent link: https://www.econbiz.de/10010878557
Cover Image
Housing Cycles and Macroeconomic Fluctuations: A Global Perspective
Cesa-Bianchi, Ambrogio - Inter-American Development Bank - 2012
This paper investigates the international spillovers of housing demand shocks on real economic activity. The global economy is modeled using a Global VAR, with a novel house price data set for both advanced and emerging economies. The impulse responses to an identified US housing demand shock...
Persistent link: https://www.econbiz.de/10010943805
Cover Image
Uncertainty and Economic Activity: A Global Perspective
Rebucci, Alessandro; Cesa-Bianchi, Ambrogio; Pesaran, … - Inter-American Development Bank - 2014
The 2007-2008 global financial crisis and the subsequent anemic recovery have rekindled academic interest in quantifying the impact of uncertainty on macroeconomic dynamics. This paper studies the interrelation between financial markets volatility and economic activity assuming that both...
Persistent link: https://www.econbiz.de/10010943821