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test and panel regression. The first examined period is from 1Q 1997 to 3Q 2020. The period between 1999 and 2020 is … show that after the crisis the global output gap predicts the evolution of inflation in the Eurozone panel. On the other … inflation is the domestic output gap, specifically in the Eurozone panel. In the European Union panel and its peripheral …
Persistent link: https://www.econbiz.de/10014464251
large data-set for the E7 (7 emerging countries) covering the period 1998-2017. This paper applies the time-varying panel …
Persistent link: https://www.econbiz.de/10015076477
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The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by current account surpluses of countries stabilizing...
Persistent link: https://www.econbiz.de/10003973544
Short answer: It helps a lot when other important variables are excluded from the information set. Longer answer: We revisit claims in the literature that money growth is Granger-causal for inflation at low frequencies. Applying frequency-specific tests in a comprehensive system setup for...
Persistent link: https://www.econbiz.de/10009774367
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This paper uses monthly data from April 2005 to August 2013 for Taiwan to propose a novel tourism indicator, namely the Tourism Conditions Index (TCI). TCI accounts for the spillover weights based on the Granger causality test and estimates of the multivariate BEKK model for four TCI indicators...
Persistent link: https://www.econbiz.de/10010227695
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