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The interest rate pass-through in the Euro area during the global financial crisis : conference paper

Hristov, Nikolay; Hülsewig, Oliver; Wollmershäuser, Timo - 2013

This paper uses panel vector autoregressive models and simulations of an estimated DSGE model to explore the reaction of Euro area banks to the global financial crisis. We focus on their interest rate setting behavior in response to standard macroeconomic shocks. Our main empirical finding is...

Persistent link: https://www.econbiz.de/10010338974

Do large recessions reduce output permanently? : conference paper

Hosseinkouchack, Mehdi; Wolters, Maik H. - 2013

The slow recovery following the 2008/2009 recession has led to renewed interest in the question whether deep recessions lower real GDP permanently or whether we can expect a rebound to earlier trend levels. Using a recent quantile autoregression unit root test we check whether shocks to real GDP...

Persistent link: https://www.econbiz.de/10010340611

Nonstationary-volatility robust panel unit root tests and the great moderation : conference paper

Hanck, Christoph; Czudaj, Robert - 2013

This paper argues that typical applications of panel unit root tests should take possible nonstationarity in the volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when there are structural breaks in the innovation...

Persistent link: https://www.econbiz.de/10010343777

Unit root and cointegration testing

Lütkepohl, Helmut (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003894166

Are there bubbles in the sterling-dollar exchange rate? : new evidence from sequential ADF tests ; conference paper

Bettendorf, Timo; Chen, Wenjuan - 2013

There has been mixed evidence regarding the existence of rational bubbles in the foreign exchange markets. This paper introduces recently developed sequential unit root tests into the analysis of exchange rates bubbles. We find strong evidence of explosive behavior in the nominal Sterling-dollar...

Persistent link: https://www.econbiz.de/10010338391

Monitoring stationarity and cointegration : conference paper

Wagner, Martin; Wied, Dominik - 2014

least squares estimation, using either Fully Modified, Dynamic or Integrated Modified OLS. The procedure is inspired by Chu … et al. (1996) in that it is based on parameter estimation only on a pre-break ``calibration'' period rather than being … based on sequential estimation over the full sample. We investigate the asymptotic behavior of the procedures under the null …

Persistent link: https://www.econbiz.de/10010484411

New insights into the development of regional unemployment disparities : conference paper

Werner, Daniel - 2014 - This version: 27th February 2014, Preliminary

Large regional unemployment disparities are a common feature of the labor market in many countries. This study deals with the question whether regional unemployment disparities in western Germany widen, become narrower or remain constant over time. It examines the hypothesis of convergence for...

Persistent link: https://www.econbiz.de/10010484764

Testing for unit roots and cointegration using panel data : theory and applications

Banerjee, Anindya (contributor) - 1999

Persistent link: https://www.econbiz.de/10001435644

Unit roots, investment measures and other essays

Meltzer, Allan H. (ed.) - 1990

Persistent link: https://www.econbiz.de/10011819412

Politics in Lebanon

Binder, Leonard (contributor) - 1966

Persistent link: https://www.econbiz.de/10000565939

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