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Standard shocks in the OECD interlink model
Dalsgaard, Thomas - 2001
Persistent link: https://www.econbiz.de/10013426937
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Implications of macroeconomic volatility in the Euro area
Hauzenberger, Niko; Böck, Maximilian; Pfarrhofer, Michael - 2018
assess the effects of an uncertainty shock in the Euro area. This allows us to treat macroeconomic uncertainty as a latent … quantity during estimation. Only a limited number of contributions to the literature estimate uncertainty and its macroeconomic … consequences jointly, and most are based on single country models. We analyze the special case of a shock restricted to the Euro …
Persistent link: https://www.econbiz.de/10011978764
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Financial frictions and the real economy
Pietrunti, Mario - 2017
This paper investigates in a non-linear setting the impact on the real economy of frictions stemming from the financial sector. We develop a medium scale DSGE model with a banking sector where an occasionally binding constraint on banks' capital induces a relevant non-linearity. The model -...
Persistent link: https://www.econbiz.de/10011976236
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Real and financial cycles in EU countries : stylised facts and modelling implications
Rünstler, Gerhard (contributor);  … - European System of Central Banks / Working Group on … - 2018
This paper studies the cyclical properties of real GDP, house prices, credit, and nominal liquid financial assets in 17 EU countries, by applying several methods to extract cycles. The estimates confirm earlier findings of large medium-term cycles in credit volumes and house prices. GDP appears...
Persistent link: https://www.econbiz.de/10011779865
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Ongoing changes in the business cycle : evidence and causes
Dalsgaard, Thomas (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001619733
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Ongoing changes in the business cycle : evidence and causes
Dalsgaard, Thomas; Elmeskov, Jørgen; Park, Cyn-Young - 2002
Persistent link: https://www.econbiz.de/10013426947
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The Global Multi-country model (GM) : an estimated DSGE model for the Euro Area countries
Albonico, Alice; Calès, Ludovic; Cardani, Roberta; … - 2017
associated modelling and estimation approaches that we applied so far and the main lines of development that are in place to …
Persistent link: https://www.econbiz.de/10012054701
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Fiscal transfers and economic convergence
Capella-Ramos, João; Checherita-Westphal, Cristina; … - 2020
Before the outbreak of the coronavirus (COVID-19) pandemic, discussions were already taking place on how to complete Economic and Monetary Union (EMU) and increase its resilience, inter alia, by speeding up economic convergence. The impact of the current unprecedented crisis on the euro area...
Persistent link: https://www.econbiz.de/10012319164
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Positive liquidity spillovers from sovereign bond-backed securities
Dunne, Peter G. - 2018
There are competing arguments about the likely effects of Sovereign Bond-Backed Securitisation on the liquidity of sovereign bond markets. By analysing hedging and diversification opportunities, this paper shows that positive liquidity spillovers would dominate or at least constrain the extent...
Persistent link: https://www.econbiz.de/10011848364