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The Great Recession vs. the Great Depression: Stylized facts on siblings that were given different foster parents
Aiginger, Karl - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-18, pp. 1-41
This paper compares the depth of the recent crisis and the Great Depression. We use a new data set to compare the drop in activity in the industrialized countries for seven activity indicators. This is done under the assumption that the recent crisis leveled off in mid-2009 for production and...
Persistent link: https://www.econbiz.de/10010300368
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Driving Forces of the Swiss Output Gap
Leist, Stefan - In: Swiss Journal of Economics and Statistics 149 (2013) 4, pp. 493-531
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
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A small New Keynesian model to analyze business cycle dynamics in Poland and Romania
Nalban, Valeriu - In: Contemporary Economics 9 (2015) 3, pp. 319-336
In this paper, we derive a small textbook New Keynesian DSGE model to evaluate Polish and Romanian business cycles during the 2003 - 2014 period. Given the similarities between the two economies, we use an identical calibration procedure for certain coefficients and marginal prior distributions...
Persistent link: https://www.econbiz.de/10011480628
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Sektorstrukturen der FuE-Aktivitäten im internationalen Vergleich
Gehrke, Birgit; Schasse, Ulrich - In: Vierteljahrshefte zur Wirtschaftsforschung 80 (2011) 3, pp. 89-110
Dieser Beitrag beschäftigt sich mit der Frage, ob die Entwicklung der FuE-Aufwendungen im Verlauf der Finanz- und Wirtschaftskrise 2008/2009 neben konjunkturellen Einflüssen auch von den jeweiligen FuE-Schwerpunkten der Länder abhängig gewesen ist. Dabei wird zunächst der Blick auf...
Persistent link: https://www.econbiz.de/10010377982
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Spectral analysis of business cycles in the Visegrad group countries
Kijek, Arkadiusz - In: Comparative Economic Research. Central and Eastern Europe 20 (2017) 2, pp. 53-71
Fourier analysis to estimate cycle amplitudes and frequencies. This allows for a more precise estimation of cycle …
Persistent link: https://www.econbiz.de/10011922451
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Classical and Bayesian estimation of volatility in the Black-Scholes model
Cangrejo Esquivel, Alvaro Javier; Tovar Cuevas, José Rafael - In: Revista de Métodos Cuantitativos para la Economía y … 34 (2022), pp. 237-262
volatility, since this is precisely the variable that is negotiated. We present then a statistical methodology for the estimation …The valuation of options and to a large extent the financial derivatives market require an optimal estimation of the … of the volatility parameter for an asset using methods of the Bayesian approach to statistics. As prior distributions for …
Persistent link: https://www.econbiz.de/10014494469
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New composite indicators for Bulgarian business cycle
Vesselinov, Roumen - In: International Journal of Economic Sciences and Applied … 5 (2012) 2, pp. 101-111
The paper presents the creation of a new composite coincident monthly indicator for Bulgaria. The Bry-Boschan method is used to determine the turning points for the Bulgarian business cycle for the 2000-2011 period. A new composite leading indicator is also created and tested. The paper finds...
Persistent link: https://www.econbiz.de/10010289409
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Was the Great Depression of 1929 harsher than the Greek depression?
Sklias, Pantelis; Rukanas, Spyros A.; Galatsidas, Georgios - In: International Journal of Business and Economic Sciences … 14 (2021) 3, pp. 35-59
Purpose: This paper is an analysis based on the comparison of the Greek Depression with the Great Depression of 1929 in the US. Design/methodology/approach: This analysis does neither focus on the pre-crisis period, nor on the manifestation of the crisis or the structural problems and economic...
Persistent link: https://www.econbiz.de/10014434610
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Convergence in GDP per Capita in the Euro Area and the EU at the Time of COVID-19
Licchetta, Mirko; Mattozzi, Giovanni - In: Intereconomics 58 (2023) 1, pp. 43-51
This paper investigates determinants of convergence in GDP per capita in the euro area and the EU between 1995 and 2021. It finds that the COVID-19 crisis temporarily slowed convergence but the estimated negative impact is significantly smaller than during the global financial crisis. Diverging...
Persistent link: https://www.econbiz.de/10014334683
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Weltwirtschaftliche Expansion nur leicht gedämpft: Rezession nicht wahrscheinlich
In: DIW Wochenbericht 74 (2007) 42, pp. 605-619
Der Aufschwung in Deutschland präsentiert sich nach wie vor in einer sehr robusten Verfassung. Neben einem günstigen weltwirtschaftlichen Umfeld trägt dazu die Stärkung der Binnennachfrage bei, die im Prognosezeitraum zur alleinigen Säule des weiteren Wachstums wird. Die aktuellen Probleme...
Persistent link: https://www.econbiz.de/10011601759