Showing 1 - 10 of 6,946
This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...
Persistent link: https://www.econbiz.de/10011605285
This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...
Persistent link: https://www.econbiz.de/10010276272
Persistent link: https://www.econbiz.de/10014480231
We introduce a methodology for measuring default risk connectedness that is based on an out-of-sample variance decomposition of model forecast errors. The out-of-sample nature of the procedure leads to "realized" measures which, in practice, respond more quickly to crisis occurrences than those...
Persistent link: https://www.econbiz.de/10010503874
Persistent link: https://www.econbiz.de/10014324921
Persistent link: https://www.econbiz.de/10010423323
Persistent link: https://www.econbiz.de/10010253528
Persistent link: https://www.econbiz.de/10014383391
Persistent link: https://www.econbiz.de/10012521650
tightened further. Global growth has been moving in the opposite direction: it has declined sharply since the beginning of the … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the … expectations, elevated financial vulnerabilities, and weakening growth fundamentals. …
Persistent link: https://www.econbiz.de/10013256317