Showing 1 - 10 of 12,483
This paper compares the mixed-data sampling (MIDAS) and mixed-frequency VAR (MF-VAR) approaches to model speci.cation in the presence of mixed-frequency data, e.g., monthly and quarterly series. MIDAS leads to parsimonious models based on exponential lag polynomials for the coeØ cients, whereas...
Persistent link: https://www.econbiz.de/10003815492
. Granular European data on inflation, firms, and banks confirm this mechanism. Industry-country pairs affected by a rise of … labor, which results in lower productivity, investment, and value added. Without a rise in zombie credit, inflation in …
Persistent link: https://www.econbiz.de/10012391508
In 2021-22, inflation in Europe soared to multidecade highs, consistently exceeding policymakers’ forecasts and … surprising with its wide cross-country dispersion. This paper analyzes the key drivers of the inflation surge in Europe and its …’s economies. Inflation is more sensitive to domestic slack and external price pressures in emerging European economies compared to …
Persistent link: https://www.econbiz.de/10014257255
results. kNNs better forecast tourism demand in shorter horizons; in specific, one month ahead. The parameterisation of the …
Persistent link: https://www.econbiz.de/10014126961
useful for predicting inflation. In addition, countries where slack (and potential growth) is overestimated to a larger …
Persistent link: https://www.econbiz.de/10012859867
The crisis has gone through several phases of varying complexity before abating in mid-2014. It started with the Financial Turmoil in August 2007, followed by the Global Financial Crisis in September 2008, and the Great Recession in 2009-2010. These events exacerbated imbalances that had already...
Persistent link: https://www.econbiz.de/10012900570
consumers' and GDP price indexes, their inflation rates and the stock market index, are stable across countries, while the …
Persistent link: https://www.econbiz.de/10014155345
Several European countries adopted inflation targeting as a monetary policy strategy during the 1990s. We evaluate the … impact of the establishment of this policy framework on the dynamics of inflation for three countries: United Kingdom, Spain … and Finland. We find that inflation targeting was not the most important factor behind the decline of their monthly and …
Persistent link: https://www.econbiz.de/10014027799
This paper addresses the question of the British state of convergence towards the Euro area, compared to the USA. Economically, the analysis is based on dependences in the money and capital markets, namely the uncovered interest parity (UIP) and the expectation hypothesis of the term structure...
Persistent link: https://www.econbiz.de/10003324208
European sovereign debt markets have been under scrutiny ever since the sovereign debt crisis of 2009. In this paper, we decompose bond and CDS spreads into fundamental and non-fundamental parts by means of a heterogeneous agent model. The model contains arbitrageurs who make use of the...
Persistent link: https://www.econbiz.de/10012999936