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Persistent link: https://www.econbiz.de/10012152532
Conditional on a contractionary monetary policy shock, the labor share of value added is expected to decrease in the basic New Keynesian model. By providing firm-level evidence, we are first to validate this proposition. Using local projections and high dimensional fixed effects, we show that a...
Persistent link: https://www.econbiz.de/10012607460
informationally opaque. The application of a non-linear panel threshold model makes it possible to group firms endogenously according … measures of solvency are used as potential threshold variables. The firm-level panel dataset covers the period between 2006 and …
Persistent link: https://www.econbiz.de/10010425733
panel estimation techniques on a sample of commercial banks in Macedonia. Our results indicate that lending rates are mostly …
Persistent link: https://www.econbiz.de/10011623362
We look at a panel of Latin American countries from 1970 and 2016 to enquire how exchange rate pass-through has changed …
Persistent link: https://www.econbiz.de/10012020009
respect to the indicators of amortisation requirements (Amort) and RW are also significant. The estimation results when house … (IIS), which we employed as a novel estimation method for macro panels. …
Persistent link: https://www.econbiz.de/10012039586
In a large sample of countries across different geographic regions and over a long period of time, we find limited country- and variable-specific effects of central bank transparency on forecast accuracy and their dispersion among a large set of professional forecasts of financial and...
Persistent link: https://www.econbiz.de/10011790688
inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing …
Persistent link: https://www.econbiz.de/10010346738
We study state dependence in the impact of monetary policy shocks over the leverage cycle for a panel of 10 euro area … countries. We use a Bayesian Threshold Panel SVAR with regime classifications based on credit and house prices cycles. We find …
Persistent link: https://www.econbiz.de/10012241107
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