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in others and not changing in a minority of cases. On the whole, our results support the hysteresis hypothesis for the …
Persistent link: https://www.econbiz.de/10012668044
Persistent link: https://www.econbiz.de/10011656784
estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty … and financial sector effects of uncertainty. In that respect, we compare the impacts of a US and a Euro area uncertainty … shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …
Persistent link: https://www.econbiz.de/10011691548
a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty … and financial sector effects of uncertainty. In that respect, we compare the impacts of a US and a Euro area uncertainty … shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …
Persistent link: https://www.econbiz.de/10012110907
a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty … and financial sector effects of uncertainty. In that respect, we compare the impacts of a US and a Euro area uncertainty … shock. According to our results, an increase in uncertainty has a strong negative impact on economic activity, consumer …
Persistent link: https://www.econbiz.de/10011640939
calculations carried out in a cointegration framework. As the ecidence for the single parities remains unconvincing, UIP and EHT … Currency Union. -- Nominal Convergence ; Cointegration ; UIP ; Term Structure ; Euro Area …
Persistent link: https://www.econbiz.de/10003324208
This paper analyses two well-known features of interest rates, namely their time dependence and their cyclical structure. Specifically, it focuses on the monthly Euribor rate, using monthly data from January 1994 to May 2011. Models based on fractional integration at the long run or zero...
Persistent link: https://www.econbiz.de/10009579627
This paper analyses two well-known features of interest rates, namely their time dependence and their cyclical structure. Specifically, it focuses on the monthly Euribor rate, using monthly data from January 1994 to May 2011. Models based on fractional integration at the long run or zero...
Persistent link: https://www.econbiz.de/10009380406
Persistent link: https://www.econbiz.de/10009230930
Persistent link: https://www.econbiz.de/10008811285