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Persistent link: https://www.econbiz.de/10012991171
(a demand shock, an employment shock, a wage and price mark-up shocks). In addition, it provides the shock decomposition …
Persistent link: https://www.econbiz.de/10013117688
Estimates of cyclically-adjusted budget balances, correcting actual government budget balances for business cycle fluctuations, are produced by many institutions. This paper presents an alternative approach for the cyclical adjustment of budget balances. The approach is based on a disaggregated...
Persistent link: https://www.econbiz.de/10013320277
The 2007 sub-prime crisis in the United States, prolonged by a severe economic recession spread over many countries around the world, has led many economic researchers to focus on the recent fluctuations in housing prices and their relationships with macroeconomics and monetary policies. The...
Persistent link: https://www.econbiz.de/10013142705
Persistent link: https://www.econbiz.de/10013261029
The process of European integration has gained considerable momentum during the past couple of years. This paper provides an assessment of the degree of integration of both the accession states of central and eastern Europe and of the pre-ins for monetary union with respect to Germany. Using...
Persistent link: https://www.econbiz.de/10011474986
(a demand shock, an employment shock, a wage and price mark-up shocks). In addition, it provides the shock decomposition …
Persistent link: https://www.econbiz.de/10009405591
Persistent link: https://www.econbiz.de/10001584428
: aggregate supply shocks, aggregate spending shocks, and monetary shocks. Applying a structural VAR to data for the eurozone and …
Persistent link: https://www.econbiz.de/10011473872
The recent financial crisis highlighted that balance sheet exposures can be a major shock transmission channel. Using … sectoral accounts data in combination with data from the Coordinated Portfolio Investment Survey, International Investment … exposures in loans and equities have declined. Shock simulations reveal that the vulnerability of the financial sector to the …
Persistent link: https://www.econbiz.de/10013021439