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impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate … whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … 'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …
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Entwicklungen in Informationstechnologie beeinflussen Banken auf zwei verschiedene Arten. Erstens, Informationstechnologie kann die Kosten von Banken reduzieren, indem sie auf Papier basierende, arbeitsintensive Prozeduren automatisiert. Zweitens, sie verändert möglicherweise die Art und Weise...
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participation plays in this effect for 11 new European Union member states. Using heterogeneous panel cointegration methods, we …
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