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Testing for Parameter Stability in DSGE Models. The Cases of France, Germany, Italy, and Spain
Jerger, Jürgen; Röhe, Oke - 2012
We estimate a New Keynesian DSGE model on French, German, Italian, and Spanish data. The main aim of this paper is to check for the respective sets of parameters that are stable over time, making use of the ESS procedure ('Estimate of Set of Stable parameters') developed by Inoue and Rossi...
Persistent link: https://www.econbiz.de/10010294717
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Do energy prices induce progress in energy-related technology? An empirical study
Schmitz, Simon - 2001
Research efforts towards new energy sources and towards the efficiency of energy use will be vital to reducing CO2 abatement costs in the long term. Can such efforts be induced by price instruments? Economists often cite induced technological change as a possible consequence of environmental...
Persistent link: https://www.econbiz.de/10010295565
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Asset Prices in Taylor Rules: Specification, Estimation, and Policy Implications for the ECB
Siklos, Pierre L.; Werner, Thomas; Bohl, Martin T. - 2004
This paper estimates standard and extended Taylor rules for core countries in the euro area, namely France, Germany and Italy, as well as for the ECB. Forward, backward and forecast-based rules are estimated for a variety of samples since the late 1970s. We are particularly interested in the...
Persistent link: https://www.econbiz.de/10010295649
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The information content of survey data on expected price developments for monetary policy
Gerberding, Christina - 2001
-Verbraucherumfrage ermittelten Daten und die von Consensus Economics erhobenen Expertenprognosen für Deutschland, Frankreich und Italien. Die …
Persistent link: https://www.econbiz.de/10010295707
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Dependencies between European stock markets when price changes are unusually large
Schich, Sebastian T. - 2002
grosser Kursschwankungen anhand von täglichen Daten der Aktienmarktindices für Deutschland, Großbitannien, Frankreich, die … Niederlande und Italien von 1973 bis 2001. Abhängigkeit wird dabei gemessen anhand der bedingten Wahrscheinlichkeit einer … unterschiedlich je nach betrachtetem Länderpaar. So stehen die Aktienmärkte in Frankreich und den Niederlanden in jeweils relativ …
Persistent link: https://www.econbiz.de/10010295729
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European inflation expectations dynamics
Slacalek, Jirka; Fritsche, Ulrich; Dovern, Jonas; … - 2005
This paper investigates the relevance of the sticky information model of Mankiw and Reis (2002) and Carroll (2003) for four major European economies (France, Germany, Italy and the United Kingdom). As opposed to the benchmark rational expectation models, households in the sticky information...
Persistent link: https://www.econbiz.de/10010295782
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Short-run and long-run comovement of GDP and some expenditure aggregates in Germany, France and Italy
Knetsch, Thomas A. - 2005
The paper presents empirical work on short-run and long-run comovement between the German, French and Italian aggregates of private consumption, business investment, exports, imports, GDP, and changes in inventories. In country-specific data sets, cointegration analyses are carried out both to...
Persistent link: https://www.econbiz.de/10010295784
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Capital, labour and productivity: What role do they play in the potential GPD weakness of France, Germany and Italy?
Bassanetti, Antonio; Döpke, Jörg; Torrini, Roberto; … - 2006
The paper analyses the recent supply side developments in France, Germany, and Italy by employing a non-parametric approach to estimate potential GDP. The analysis reveals marked heterogeneity among the three countries with regard to the contribution made by labour input. Where similarities can...
Persistent link: https://www.econbiz.de/10010295797
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Price setting in the euro area: some stylised facts from individual producer price data
Vermeulen, Philip; Gautier, Erwan; Stahl, Harald; … - 2007
This paper documents producer price setting in 6 countries of the euro area: Germany, France, Italy, Spain, Belgium and Portugal. It collects evidence from available studies on each of those countries and also provides new evidence. These studies use monthly producer price data. The following...
Persistent link: https://www.econbiz.de/10010295840
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Heterogeneous expectations, learning and European inflation dynamics
Weber, Anke - 2007
This paper is the first attempt to investigate the performance of different learning rules in fitting survey data of household and expert inflation expectations in five core European economies (France, Germany, Italy, Netherlands and Spain). Overall it is found that constant gain learning...
Persistent link: https://www.econbiz.de/10010295853