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Has the Asymmetric Effect of Oil Price Volatility in Inflation Expectations Been Impacted by the COVID-19 Outbreak? A Comparison between the United States and China

Nie, Qing - 2022

This paper applies ARDL and Nonlinear ARDL models to long-term inflation targeting policy mechanisms in the United … States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations in the two countries … changes on inflation expectations, and further provide a theoretical basis for the empirical results. We use data from 2010 to …

Persistent link: https://www.econbiz.de/10013289383

Comparing Shocks and Frictions in US and Euro Area Business Cycles : A Bayesian DSGE Approach

Smets, Frank - 2010

This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...

Persistent link: https://www.econbiz.de/10013137108

Comparing shocks and frictions in US and euro area business cycles : a Bayesian DSGE approach

Smets, Frank; Wouters, Rafael - 2004

Persistent link: https://www.econbiz.de/10011625697

Two orthogonal continents : testing a two-country DSGE model of the US and the EU using indirect inference

Le, Vo Phuong Mai; Meenagh, David; Meenagh, David; … - 2009

We examine a two country model of the EU and the US. Each has a small sector of the labour and product markets in which there is wage/price rigidity, but otherwise enjoys flexible wages and prices with a one quarter information lag. Using a VAR to represent the data, we find the model as a whole...

Persistent link: https://www.econbiz.de/10003817144

Lessons in Price Stability from the U.S. Real Estate Market Collapse

Boyack, Andrea J. - 2012

price inflation. Social trends and government policies exacerbated both the mortgage capital over-supply and the risk …

Persistent link: https://www.econbiz.de/10013115763

Labour supply and labour force participation in Europe : a discussion of some recent developments and projections

Chagny, Odile; Döpke, Jörg; Plane, Mathieu; Schmidt, … - 2001

The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...

Persistent link: https://www.econbiz.de/10011473881