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What drives the output gap? Contrary to standard agnostic statistical approaches, New Keynesian small open economy models allow decomposing the output gap into its shocks and confirm the conventional wisdom that most of the variation is due to foreign shocks. However, the risk premium shock also...
Persistent link: https://www.econbiz.de/10011933316
with the increased growth performance and resilience of emerging market and developing economies to developments … originating from advanced economies in recent years? This paper answers this question by empirically exploring oil-related growth … degree of growth fluctuations between the country and its two industrial trade partners. Key policy implications of this …
Persistent link: https://www.econbiz.de/10013362900
The output gap plays an important role in the assessment and conduct of monetary policy. Most of the current literature, however, relies on filtering procedures which use ad hoc smoothness arguments for identification. Furthermore, they are subject to end-of-sample problems and do not provide...
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on macroeconomic volatility. First, the introduction of credit growth to the monetary policy succeeds in counteracting …
Persistent link: https://www.econbiz.de/10013199941
simulations show that GDP growth in Germany between 2011 and 2016 would have been 0.2 percentage points lower on average per year …
Persistent link: https://www.econbiz.de/10011937091
Die Zuwanderung nach Deutschland ist seit 2011 stark gestiegen, hauptsächlich durch Zuzüge von Bürgerinnen und Bürgern aus den in den Jahren 2004 und 2007 der EU beigetretenen Ländern und anderen Ländern des Euroraums. Der Abbau von Zuwanderungshindernissen und die konjunkturell bedingt...
Persistent link: https://www.econbiz.de/10011937272
and Chinese FDI to African countries. The benign impacts of the China-Africa trade and Chinese FDI on economic growth to …While there is a consensus on the expanding importance of the China-Africa economic relationship, there is much more … debate on how to portray the relationship. Thus, this study is aimed to examine the impacts of the China-Africa trade and …
Persistent link: https://www.econbiz.de/10013199682
Führen wirtschaftliche Rezessionen und hohe Arbeitslosigkeit zu mehr Gründungen oder machen sich Menschen eher in Phasen wirtschaftlicher Prosperität selbständig? In jüngerer Zeit hatte eine Unterauslastung der volkswirtschaftlichen Kapazitäten eher stimulierende, ein Konjunkturaufschwung...
Persistent link: https://www.econbiz.de/10010312766