Showing 1 - 10 of 3,485
changed with the advent of EMU. It addresses this issue from the perspective of financial markets by analysing the effects of … markets has increased strongly around EMU. Although spillover effects from the United States to the euro area remain stronger … than in the opposite direction, US markets have started reacting to euro area developments since the onset of EMU. Second …
Persistent link: https://www.econbiz.de/10013319350
United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the … increased strongly around EMU. Although spillover effects from the United States to the euro area remain stronger than in the … EMU. Second, beyond these general linkages, the paper finds that certain macroeconomic news about the US economy have a …
Persistent link: https://www.econbiz.de/10014071471
The main goal of this research article is to analyze the dynamic finance-growth connection using Jordan's developing market economy as a case study. For this, indicators of financial development for the relatively long-term period 1980-2020 have been compiled. This relationship is investigated...
Persistent link: https://www.econbiz.de/10014331644
economic growth. As an appropriate methodological framework for establishing the long run relationship (cointegration) between … observation was from Q1 2007 to Q3 2014. The results showed the presence of the cointegration between variables in the long run …
Persistent link: https://www.econbiz.de/10012943688
The yield spread is a well documented leading indicator of GDP growth. Estrella (2005) proposes a model to explain this relationship. Within the model, the leading properties of the yield spread are determined by the monetary policy. Accordingly, changes of the leading properties that have been...
Persistent link: https://www.econbiz.de/10014052153
We modify the Laubach-Williams and Holston-Laubach-Williams models of the natural rate of interest to account for time-varying volatility and a persistent COVID supply shock during the pandemic. Resulting estimates of the natural rate of interest in the United States, Canada, and the Euro Area...
Persistent link: https://www.econbiz.de/10014302828
Persistent link: https://www.econbiz.de/10014428785
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832
Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects...
Persistent link: https://www.econbiz.de/10010263552
direct investment) on economic growth in Cameroon. Using the autoregressive distributive lag approach to cointegration and …
Persistent link: https://www.econbiz.de/10010200368