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Hsiao, Cody Yu-Ling; Morley, James C. - In: Empirical economics : a quarterly journal of the … 62 (2022) 4, pp. 1599-1648

Persistent link: https://www.econbiz.de/10013197240

Financial frictions, trends, and the great recession

Guerrón-Quintana, Pablo A.; Jinnai, Ryo - In: Quantitative economics : QE ; journal of the … 10 (2019) 2, pp. 735-773

We study the causes behind the shift in the level of U.S. GDP following the Great Recession. To this end, we propose a model featuring endogenous productivity à la Romer and a financial friction à la Kiyotaki–Moore. Adverse financial disturbances during the recession and the lack of strong...

Persistent link: https://www.econbiz.de/10012049309

The effect of alternative measures of distance on the correlation of real effective exchange rate returns : an approach to contagion analysis

Coulom, Jean; Shenai, Vijay - In: International Journal of Financial Studies : open … 6 (2018) 4, pp. 1-18

The topic of contagion has gained importance in the last few decades, earning its place amongst the most debated topics … in international economics. Contagion is a phenomenon where market disturbances in crisis times are observed to spread … flows. Analysing contagion and, more important, being able to make an on-coming prediction successfully helps economic …

Persistent link: https://www.econbiz.de/10011964042

The impact of national financial regulation on macroeconomic and fiscal performance after the 2007 financial shock : econometric analyses based on cross-country data

Hagen, Tobias - 2013

Using cross-country data, this paper estimates the impact of the 2007 financial shock on countries’ macroeconomic developments conditional on national financial regulations before the crisis. For this purpose, the "financial reform index" developed by Abiad et al. (A New Database of Financial...

Persistent link: https://www.econbiz.de/10009773058

Active labour market policies in a recession

Andersen, Torben M.; Svarer, Michael - In: IZA journal of labor policy 1 (2012), pp. 1-24

A major labour market challenge following the Great Recession is to avoid an increase in long-term unemployment and thus the structural unemployment rate. Active labour market policies may play an important role in this respect. We consider these issues with outset in Denmark which is a country...

Persistent link: https://www.econbiz.de/10009687329

Germany and the United States in coronavirus distress : internal versus external labour market flexibility

Herzog-Stein, Alexander; Nüß, Patrick; Peede, Lennert; … - In: Journal for labour market research 56 (2022) 1, pp. 1-22

Germany and the United States pursued different economic strategies to minimise the impact of the Coronavirus Crisis on the labour market. Germany focused on safeguarding existing jobs through the use of internal flexibility measures, especially short-time work (STW). The United States relied on...

Persistent link: https://www.econbiz.de/10013368682

What drives business cycle synchronization? : BMA results from the European Union

Beck, Krzysztof - In: Baltic journal of economics 19 (2019) 2, pp. 248-275

The last twenty years have brought a bulk of inconsistent results on the determinants of business cycle synchronization (BCS). Researchers have usually focused their attention on a limited set of possible determinants, not accounting for model uncertainty. For these reasons, Bayesian Model...

Persistent link: https://www.econbiz.de/10012123356

Inter-region relative price convergence in Korea

Moon, Seongman - In: East Asian economic review 21 (2017) 2, pp. 123-146

This paper examines the persistence of relative consumer price indices for 15 regions in Korea including 6 metropolitan cities and 9 provinces over the period of 1990-2016. In particular, we ask if relative regional price indices contain a common stochastic trend and find that they are not. We...

Persistent link: https://www.econbiz.de/10011765060

Financial development and dollarization in Ghana : an empirical investigation

Tweneboah, George; Gatsi, John Garchie; Asamoah, … - In: Cogent economics & finance 7 (2019) 1, pp. 1-21

This study strengthens the frontiers of research on the drivers of dollarization in emerging economies by exploring the case of Ghana using the autoregressive distributed lag modelling framework. The data for the study spanned from January 2002 to March 2016. The evidence suggests that...

Persistent link: https://www.econbiz.de/10014232353

Determinants of bilateral current account balance between the Eurozone and the United States

Bertsatos, Gerassimos - In: European journal of government and economics : EJGE 11 (2022) 2, pp. 141-166

Long- and short-run current account balance (CAB) determinants of the nineteen Eurozone (EZ) member states vis-a-vis the United States (US) are examined. Particularly, the competitiveness of the EZ vs the US, the relationship between the current account deficit and the budget deficit (twin...

Persistent link: https://www.econbiz.de/10014287573

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