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Evolving UK macroeconomic dynamics : a time-varying factor augmented VAR
Mumtaz, Haroon - 2010
are estimated using output growth, inflation and a short-term interest rate. This paper extends these models by … and volatility of inflation and output but also suggest that these findings extend to money growth and asset prices. The …
Persistent link: https://www.econbiz.de/10003951113
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Spain in the euro : a general equilibrium analysis
Andrés, Javier; Hurtado, Samuel; Ortega, Eva; Thomas, … - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 67-95
Bayesian dynamic stochastic general equilibrium (DSGE) models combine microeconomic behavioural foundations with a full-system Bayesian likelihood estimation approach using key macro-economic variables. Because of the usefulness of this class ofmodels for addressing questions regarding the...
Persistent link: https://www.econbiz.de/10009355420
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Nature and causes of economic fluctuations : evidence from the U.S. based on a nonlinear autoregressive integrated process
Li, Xiang; He, Zonglu - In: International journal of empirical economics 2 (2023) 3, pp. 1-21
Business cycles and economic growth have long been studied separately, hindering understanding of the nature and causes of economic fluctuations and growth. Here, we present an economic model that incorporates both deterministic trends and persistent fluctuations, derived from a general economic...
Persistent link: https://www.econbiz.de/10014430575
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The Chinese impact on GDP growth and inflation in the industrial countries
Dreger, Christian; Zhang, Yanqun - 2011
investigates to what extent this process affects output growth and inflation in the advanced countries. A GVAR model is specified … and Japan. For robustness, the results are compared to those obtained from leading structural models, such as NiGEM and … multipliers are also reduced by a sizeable effect on inflation, as Chinese firms participate in international production chains …
Persistent link: https://www.econbiz.de/10009515006
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Are Apparent Findings of Nonlinearity Due to Structural Instability in Economic Time Series?
Koop, Gary; Potter, Simon - 2006
Many modelling issues and policy debates in macroeconomics depend on whether macroeconomic times series are best characterized as linear or nonlinear. If departures from linearity exist, it is important to know whether these are endogenously generated (as in, e.g., a threshold autoregressive...
Persistent link: https://www.econbiz.de/10014193866
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Are Apparent Findings of Nonlinearity Due to Structural Instability in Economic Time Series?
Koop, Gary; Potter, Simon - 2001
Many modelling issues and policy debates in macroeconomics depend on whether macroeconomic time series are best characterized as linear or nonlinear. If departures from linearity exist, it is important to know whether these are endogenously generated (as in, e.g. a threshold autoregressive...
Persistent link: https://www.econbiz.de/10014125964
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Globalisation and the Euro Area : Simulation Based Analysis Using the New Area Wide Model
Jacquinot, Pascal - 2008
In this paper, we utilise the multi-country version of the NAWM to analyse the impact of globalisation on euro area macroeconomic aggregates. We provide alternative model-based definitions of globalisation associated with an increase in potential output in emerging Asia and its impact on total...
Persistent link: https://www.econbiz.de/10012771836
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Globalisation and the euro area : simulation based analysis using the New Area Wide Model
Jacquinot, Pascal (contributor); Straub, Roland (contributor) - 2008
In this paper, we utilise the multi-country version of the NAWM to analyse the impact of globalisation on euro area macroeconomic aggregates. We provide alternative modelbased definitions of globalisation associated with an increase in potential output in emerging Asia and its impact on total...
Persistent link: https://www.econbiz.de/10003782654
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Finland's experiences and challenges in the euro zone
Kotilainen, Markku - 2006
In this paper we study Finland’s way to the Economic and Monetary Union (EMU) and her economic development as a member of the EMU. First, we describe the economic background of the membership and the arguments presented in research and discussion for and against it. Then we describe...
Persistent link: https://www.econbiz.de/10010285079
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GDP growth as a bank loan quality determinant
Rachuba, Joanna - In: Journal of banking and financial economics 2 (2020) 14, pp. 21-37
Past financial crises and recessions have revealed the importance of the economy’s condition for the loan quality. Macroeconomic determinants of the non-performing loans have been attracting considerable attention in recent years. The aim of this paper is to organize and summarize studies...
Persistent link: https://www.econbiz.de/10012887740