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Using recent advances in time-varying spectral methods, this research analyses the growth cycles of the core of the euro area in terms of frequency content and phasing of cycles. The methodology uses the continuous wavelet transform (CWT) and also Hilbert wavelet pairs in the setting of a...
Persistent link: https://www.econbiz.de/10014223612
This study assesses the impact of the uncertainty caused by Brexit, on both the UK and international financial markets, for the first and second statistical moments (i.e. on changes and the standard deviations of the respective variables.) As financial markets are by nature highly interlinked,...
Persistent link: https://www.econbiz.de/10011570794
This study assesses the impact of Brexit uncertainty on the UK and also on international financial markets, for the first and the second statistical moments. As financial markets are highly linked in general and several countries apart from the UK might be negatively affected, one may expect...
Persistent link: https://www.econbiz.de/10011582007
maximization of expected utility. Decision makers have biased probability estimates; they tend to underweight high probabilities …
Persistent link: https://www.econbiz.de/10013096215
decision problems under uncertainty, is used to build a large stochastic numerical equilibrium model of the Western European …
Persistent link: https://www.econbiz.de/10013072087
decision problems under uncertainty, is used to build a large stochastic numerical equilibrium model of the Western European …
Persistent link: https://www.econbiz.de/10010212655
The economic crisis triggered by the COVID–19 pandemic once again raises doubts about the eurozone's ability to deal with joint economic problems given its dissimilar dynamics and asymmetries. This chapter contributes to a paradigm shift in the governance of the euro area towards a more...
Persistent link: https://www.econbiz.de/10012664767
To investigate how Covid-19 is shaping the way Europeans think about institutions, we conducted a large online survey experiment during the first wave of the epidemic (June). With a randomised survey ow we varied whether respondents are given Covid-related treatment questions first, before...
Persistent link: https://www.econbiz.de/10013251268
The COVID-19 crisis has been accompanied by an extensive use of indicators, such as those related to COVID infections and deaths but also a good number of COVID policy indicators. This paper discusses these indicators from the perspective of a legal scholar with an interest (and some expertise)...
Persistent link: https://www.econbiz.de/10013244496
The purpose of this paper is to measure the risks posed by the COVID-19 outbreak on financial market indicators, which caused uncertainty and fear all over the world. In the paper, the Fourier KPSS unit root test, which helps to measure structural breaks more precisely by means of the Fourier...
Persistent link: https://www.econbiz.de/10012421804