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The financial accelerator in the euro area : new evidence using a mixture VAR model

Bennani, Hamza; Burgard, Jan Pablo; Neuenkirch, Matthias - 2021 - First draft: November 23, 2020 ; this version: May 17, 2021

We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy transmission can be described as mixture of two states (e.g.,...

Persistent link: https://www.econbiz.de/10013328355

Measuring systemic financial stress and its impact on the macroeconomy

Chavleishvili, Sulkhan; Kremer, Manfred - 2021 - Version: February 9, 2021

This paper proposes a general statistical framework for systemic financial stress indexes. Several existing index designs can be represented as special cases. We introduce a daily variant of the ECB's CISS for the euro area and the US. The CISS aggregates a representative set of stress...

Persistent link: https://www.econbiz.de/10013328812

Interactions between financial markets and macroeconomic variables in EU : a nonlinear modeling approach

Albu, Lucian-Liviu; Lupu, Radu; Călin, Adrian Cantemir - 2015

There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...

Persistent link: https://www.econbiz.de/10011480254

Systemic instability of the interbank credit market : a contribution to a resilient financial system

Gries, Thomas; Mitschke, Alexandra - 2019

This theoretical model analyzes the impact of interbank credit market dynamics on the resilience of the financial system. Based on a stochastic model of interbank market credit flows, lending in the interbank market is restricted by the availability of liquidity. Following a shock...

Persistent link: https://www.econbiz.de/10012296413

Regional integration and the euro crisis : problems and solutions

Pessoa, Argentino - 2013

Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...

Persistent link: https://www.econbiz.de/10011515832

Finance as a driver of growth? : evidence from EU countries

Matei, Iuliana - In: Revue d'économie politique 124 (2014) 4, pp. 571-586

Persistent link: https://www.econbiz.de/10010485757

Regional dynamics of economic performance in the EU : to what extent spatial spillovers matter?

Özyurt, Selin; Dées, Stéphane - 2015

of externalities from neighbouring regions. The spatial Durbin fixed-effect panel specification captures spatial feedback …

Persistent link: https://www.econbiz.de/10011483641

A panel data analysis of temporary and permanent effects of fixed broadband penetration over economic growth

Candelaria, José Alberto - 2015

per capita for a panel of 35 developed and developing countries over an annual period of 33 years (1981 - 2013). The … broadband penetration on economic growth. Our methodology consists of two models, the first one is a fixed effects panel data … values in a panel regression to determine the impact over the growth rate of GDP per capita. Our approach includes as an …

Persistent link: https://www.econbiz.de/10011526178

The impact of ICT capital and use on economic growth : International Telecommunication Scocity, ITS-2019, Aswan-Egypt, February, 2019

Sedik, Wesam M.; Emam, Waleed - 2019

during the last 15 years using panel data analysis. This research provides statistical evidence for the impact of labor and …

Persistent link: https://www.econbiz.de/10012150710

A retrospective study on the regional benefits and spillover effects of high-speed broadband networks : evidence from German counties

Briglauer, Wolfgang; Dürr, Niklas S.; Gugler, Klaus - 2019 - This version: May 2019

panel dataset of 401 German counties with data from 2010-2015 as well as different panel estimation techniques, we find that …

Persistent link: https://www.econbiz.de/10012153545