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employing the Kalman filter. The time-varying cointegration parameters suggest that the security measures indeed impacted price …
Persistent link: https://www.econbiz.de/10010356541
five different country pairs in the post-Bretton-Woods era. We find evidence for the symmetry of the cointegration space …, which is of practical importance as it allows for the identification of the cointegration vectors in much smaller systems …
Persistent link: https://www.econbiz.de/10010228330
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The objective of this paper is to describe and analyze with appropriate statistical models the links between the work quality latent factors using data from a recent Survey on the Italian Social Cooperatives known as ICSI2007. Due to the task complexity, the analysis is carry out by a two-step...
Persistent link: https://www.econbiz.de/10014041655
Sign-restricted Structural Vector Autoregressions (SVARs) are increasingly common. However, they usually result in a set of structural parameters that have very different implications in terms of impulse responses, elasticities, historical decomposition and forecast error variance decomposition...
Persistent link: https://www.econbiz.de/10012037315
We survey Bayesian methods for estimating dynamic stochastic general equilibrium (DSGE) models in this article. We focus on New Keynesian (NK) DSGE models because of the interest shown in this class of models by economists in academic and policy-making institutions. This interest stems from the...
Persistent link: https://www.econbiz.de/10013110010
We survey Bayesian methods for estimating dynamic stochastic general equilibrium (DSGE) models in this article. We focus on New Keynesian (NK)DSGE models because of the interest shown in this class of models by economists in academic and policy-making institutions. This interest stems from the...
Persistent link: https://www.econbiz.de/10013110585
of US interest rate is taken over by the global financial risk shock. Lastly, we find some evidence that macroeconomic …
Persistent link: https://www.econbiz.de/10012849038