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Macroeconomics, nonlinearities, and the business cycle
Reif, Magnus - 2019
This dissertation focuses on describing and explaining business cycle dynamics. Motivated by the extraordinary strong economic downturn in 2008/2009, it emphasis the importance of modeling nonlinearities. This thesis should be regarded as a contribution to applied econometrics and can be...
Persistent link: https://www.econbiz.de/10012157628
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Globale Krise und Herausforderung für Österreich
Aiginger, Karl - 2009
Die Weltwirtschaft ist 2009 zum ersten Mal seit Mitte des vorigen Jahrhunderts nicht gewachsen. Die Wirtschaftsleistung dürfte um 2% zurückgegangen sein, in den Industrieländern um 3,5%. Dies war die Folge der Finanzkrise, sie hat zu einem Einbruch des Welthandels mit Folgen auf alle...
Persistent link: https://www.econbiz.de/10011379789
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Which Growth Model for Central and Eastern Europe after the Crisis?
Landesmann, Michael A. - 2010
This Policy Brief discusses the growth prospects of the Central and Eastern European (CEEC) region following the current economic crisis. It argues that the 'integration model of growth' of the CEEC region was characterised by a very high degree of external liberalisation. In one group of...
Persistent link: https://www.econbiz.de/10011379790
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Ongoing Changes in the Business Cycle - Evidence and Causes
Dalsgaard, Thomas; Elmeskov, Jørgen; Park, Cyn-Young - 2002
This paper first reviews a number of stylised facts concerning OECD country business cycles over the past four decades …. In general, the amplitude of business cycles has fallen, driven mainly by declining fluctuations of domestic demand. As a … of increased synchronisation of cycles. The paper then reviews a number of influences on business cycles. The evidence …
Persistent link: https://www.econbiz.de/10011689904
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Asymmetric Information and Global Market Failure: Evidence and Policy Implications from Covid-19
Pazhanisamy, R. - 2020
The present pandemic covid-19 has changed the world in all the dimension of the human life. It has also changed the views of all discipline from individual attitude towards his health to the international trade. The life during the lockdown is an unforgettable experience to almost all in the...
Persistent link: https://www.econbiz.de/10012392743
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A model for predicting Finnish household loan stocks
Nyholm, Juho; Silvo, Aino - 2022
We propose a new Bayesian VAR model for forecasting household loan stocks in Finland. The model is designed to work as a satellite model of a larger DSGE model for the Finnish economy, the Aino 2.0 model. The forecasts produced with the BVAR model can be conditioned on projections of several...
Persistent link: https://www.econbiz.de/10013284378
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Real and financial cycles in EU countries: Stylised facts and modelling implications
Rünstler, Gerhard; Balfoussia, Hiona; Burlon, Lorenzo; … - 2018
EU countries, by applying several methods to extract cycles. The estimates confirm earlier findings of large medium …-term cycles in credit volumes and house prices. GDP appears to be subject to fluctuations at both business-cycle and medium …-term frequencies, and GDP fluctuations at medium-term frequencies are strongly correlated with cycles in credit and house prices …
Persistent link: https://www.econbiz.de/10011804708
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A high-frequency financial conditions index for Norway
Bowe, Frida; Gerdrup, Karsten R.; Maffei-Faccioli, Nicolò - 2023
We have constructed a financial conditions index for Norway (FCIN). The FCIN offers a daily update on Norwegian financial conditions based on data from January 2003 on bank lending rates, bond spreads, the foreign exchange market, the stock market and the housing market. The index is constructed...
Persistent link: https://www.econbiz.de/10014551613
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Regulatory reforms in selected EU network industries
Martin, Reiner; Roma, Moreno; Vansteenkiste, Isabel - 2005
In the course of the 1990s, the EU has embarked on an ambitious regulatory reform programme for a number of European network industries, such as telecommunications, energy and transport. This paper analyses the potential benefits of successful reforms in these sectors with a focus on the price...
Persistent link: https://www.econbiz.de/10011606180
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Dancing together at arm’s length? – The interaction of central banks with governments in the G7
Bodea, Cristina; Huemer, Stefan - 2010
Central bank independence is a common feature in advanced economies. Delegation of monetary policy to an independent central bank with a clear mandate for price stability has proven to be successful in keeping a check on inflation and providing a trusted currency. However, it is also a fact that...
Persistent link: https://www.econbiz.de/10011606272