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Unconventional monetary policy reaction functions : evidence from the US

Agnello, Luca; Castro, Vítor; Dufrénot, Gilles; … - In: Studies in nonlinear dynamics and econometrics : SNDE ; … 24 (2020) 4, pp. 1-18

Persistent link: https://www.econbiz.de/10012299601

Measuring financial cycles in a model-based analysis : empirical evidence for the United States and the euro area

Galati, Gabriele; Hindrayanto, Irma; Koopman, Siem Jan; … - 2016

We adopt an unobserved components time series model to extract financial cycles for the United States and the five largest euro area countries over the period 1970 to 2014. We find that credit, the credit-to-GDP ratio and house prices have medium-term cycles which share a few common statistical...

Persistent link: https://www.econbiz.de/10011456728

Flexible estimation of random coefficient logit models of differentiated product demand

Kandelhardt, Johannes - 2023

and supply. Precise estimation of parameter estimates is therefore crucial to obtain realistic economic predictions. The … estimates of the structural parameters. With access to micro data, the approach allows for the estimation of highly flexible … patterns without substantially altering the procedure of estimation, making it relevant for practitioners. The BLP estimator is …