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Despite conventional macroeconomic theory is based on the idea that demand shocks can only have temporary effects on unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this view and points out that, under certain...
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We look at a panel of Latin American countries from 1970 and 2016 to enquire how exchange rate pass-through has changed …
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This paper provides an overview of a time-varying Structural Panel Bayesian Vector Autoregression model that deals with …
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weak exogeneity in panel cointegration models. The test has a limiting Gumbel distribution that is obtained by first … letting the time dimension of the panel go to infinity and then letting its cross-sectional dimension go to infinity. The …
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consider a sample period running from 1995M1 to 2016M6 based on a panel VAR framework, which accounts for international …
Persistent link: https://www.econbiz.de/10011806725