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Spatio-temporal analysis of regional systems : a multiregional spatial vector autoregressive model for Spain
Ramajo Hernández, Julián; Márquez, Miguel A.; … - 2013
This paper contributes to the recent literature in spatial econometrics that focuses on space-time data modeling implementing a multi-location time-series statistical framework to analyze a regional system. Therefore, taking as a point of departure the Global Vector Autoregression approach...
Persistent link: https://www.econbiz.de/10011616934
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Tracing the impact of the ECB's asset purchase programme on the yield curve
Eser, Fabian; Lemke, Wolfgang; Nyholm, Ken; Radde, Sören; … - 2020
We trace the impact of the European Central Bank (ECB) asset purchase programme (APP) on the yield curve. Exploiting granular information on sectoral asset holdings and ECB asset purchases, we construct a novel measure of the "free-float of duration risk" borne by pricesensitive investors. We...
Persistent link: https://www.econbiz.de/10012424954
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Natural rate chimera and bond pricing reality
Brand, Claus; Goy, Gavin; Lemke, Wolfgang - 2020
Incorporating arbitrage-free term-structure dynamics into a semi-structural macro-model, we jointly estimate the real equilibrium interest rate (r*), trend inflation, and term premia for the United States and the euro area, using a Bayesian approach. The natural real rate and trend inflation are...
Persistent link: https://www.econbiz.de/10012425011
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The expectations channel of climate change : implications for monetary policy
Dietrich, Alexander M.; Müller, Gernot J.; Schoenle, … - 2021
Using a representative consumer survey in the U.S., we elicit beliefs about the economic impact of climate change. Respondents perceive a high probability of costly, rare disasters in the near future due to climate change, but not much of an impact on GDP growth. Salience of rare disasters...
Persistent link: https://www.econbiz.de/10013342048
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Directed graphs and variable selection in large vector autoregressive models
Bertsche, Dominik; Brüggemann, Ralf; Kascha, Christian - 2019 - First draft: July 17, 2017, this version: December 10, 2018
We represent the dynamic relation among variables in vector autoregressive (VAR) models as directed graphs. Based on … need to be included in a VAR if interest is in forecasting or impulse response analysis of a given set of variables. We …-step causal for the variables of interest by relating the paths in the graph to the coefficients of the "direct" VAR …
Persistent link: https://www.econbiz.de/10012317407
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A dualistic manner in spatial analysis : location and sector-based investigations for housing price determinants : ersa : regional integration: Europe, the Mediterranean and the wo...
Koramaz, Turgay Kerem - 2013
Investigation of the patterns in housing preferences has always been a strong emphasis on spatial analysis literature, mostly to the extent that housing price varies within urban macro form. The purpose of this paper is to examine the variances of housing prices in Istanbul, by using separate...
Persistent link: https://www.econbiz.de/10011532158
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Productivity growth in the old and new Europe : the role of agglomeration externalities
Marrocu, Emanuela; Paci, Raffaele; Usai, Stefano - 2011
The recent history of Europe is characterized by a dual picture showing the Old and New countries in sharp contrast with respect to their industrial specialisation and economic performance. We aim at analyzing the intertwined performance of regions and industries in New and Old European...
Persistent link: https://www.econbiz.de/10011550848
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Spatial patterns of land use : morphology and demography, in a dynamic evaluation of urban sprawl phenomena along the Spanish Mediterranean coast
Colaninno, Nicola; Cerda Troncoso, Jorge; Roca Cladera, … - 2011
Far from a typical Mediterranean model, today is practically impossible not to discuss European cities without taking into account phenomena of urban sprawl, which bring at dynamics of dispersion of artificial soil in rural areas, discontinuously but plentiful. Excessive alternating between...
Persistent link: https://www.econbiz.de/10011541362
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Spatial exploration of age distribution in Catalan municipalities
Liviano, Daniel; Arauzo-Carod, Josep Maria - 2012
This paper takes the shelf and digs into the complex population's age structure of Catalan municipalities between 1999 and 2009. Catalonia is a very heterogeneous territory, and age pyramids vary considerably across different areas of the territory, existing geographical factors shaping...
Persistent link: https://www.econbiz.de/10011522575
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Procyclicality, fiscal dominance, and the effectiveness of fiscal policy in Egypt
Hassan, Mohamed - In: Fiscal policy : current issues and challenges ; papers …, (pp. 115-132). 2008
Persistent link: https://www.econbiz.de/10010380812