Narrow search
Showing 1 - 10 of 1,513
Cover Image
International transmission of financial stress : evidence from a GVAR
Dovern, Jonas; Roye, Björn van - 2013
We analyze the international transmission of financial stress and its effects on economic activity. We construct country specific monthly financial stress indexes (FSI) using dynamic factor models from 1970 until 2012 for 20 countries. We show that there is a strong co-movement of the FSI during...
Persistent link: https://www.econbiz.de/10009761846
Cover Image
Volatility and growth : governments are key
Jetter, Michael - 2013
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...
Persistent link: https://www.econbiz.de/10010228789
Cover Image
Search unemployment in a dynamic new Keynesian model of the business cycle
Gerke, Rafael; Rubart, Jens - 2003
The monetary transmission mechanism plays an important role in studying the effects of monetary policy on the real side of the economy. At least since Chari et al. (2000) it is generally accepted that new keynesian models of the business cycle display a persistence problem. In this paper, we...
Persistent link: https://www.econbiz.de/10011524517
Cover Image
Policy uncertainty and foreign direct investment : evidence from the China-Japan island dispute
Chen, Cheng; Senga, Tatsuro; Sun, Chang; Zhang, Hongyong - 2016
Can a temporary negative shock generate long-lasting effects on economic activities? To show causal evidence, we utilize data from Japanese multinational corporations (MNCs) and explore the economic impact of the unexpected escalation of an island dispute between China and Japan in 2012. Our...
Persistent link: https://www.econbiz.de/10011554377
Cover Image
Germany's labour market in Coronavirus distress : new challenges to safeguarding employment
Herzog-Stein, Alexander; Nüß, Patrick; Peede, Lennert; … - 2021
We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison … to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas … more than twice as large as that in May 2009. Furthermore, marginal employment is affected strongly but not protected by …
Persistent link: https://www.econbiz.de/10012512274
Cover Image
Periodic business and exchange rate cycles : evidence from 7 emerging markets
Köhler, Karsten; Stockhammer, Engelbert - 2020
The paper investigates exchange rate cycles and their relationship to the business cycle in 7 major emerging market economies. We document the presence of periodic cycles in nominal US-dollar exchange rates and show that these are closely aligned with cycle frequencies in real output. Joint...
Persistent link: https://www.econbiz.de/10012660709
Cover Image
Real‐time weakness of the global economy
Leiva‐Leon, Danilo; Pérez-Quirós, Gabriel; Rots, Eyno - 2020
We propose an empirical framework to measure the degree of weakness of the global economy in real-time. It relies on nonlinear factor models designed to infer recessionary episodes of heterogeneous deepness, and fitted to the largest advanced economies (U.S., Euro Area, Japan, U.K., Canada and...
Persistent link: https://www.econbiz.de/10012249766
Cover Image
Oil prices in a real-business-cycle model with precautionary demand for oil
Olovsson, Conny - 2016
This paper analyzes the interaction between oil prices and macroeconomic outcomes by incorporating oil as an input in production alongside a precautionary motive for holding oil in a real-business-cycle model. The driving forces are factor-specific technology shocks and supply shocks that can be...
Persistent link: https://www.econbiz.de/10011568489
Cover Image
Investment in productivity and the long-run effect of financial crises in output
Ridder, Maarten de - 2016
This paper analyzes the channels through which financial crises exert long-term negative effects on output. Recent models suggest that a shortfall in productivity-enhancing investments temporarily slows technological progress, creating a gap between pre-crisis trend and actual GDP. This...
Persistent link: https://www.econbiz.de/10011573282
Cover Image
Measuring geopolitical risk
Caldara, Dario; Iacoviello, Matteo - 2018
We present a monthly indicator of geopolitical risk based on a tally of newspaper articles covering geopolitical tensions, and examine its evolution and effects since 1985. The geopolitical risk (GPR) index spikes around the Gulf War, after 9/11, during the 2003 Iraq invasion, during the 2014...
Persistent link: https://www.econbiz.de/10011854666