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In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short- and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for...
Persistent link: https://www.econbiz.de/10010561278
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The purpose of this paper is to investigate whether a credit crunch occurred in Germany during the recent financial crisis and to analyze the underlying factors. In order to disentangle credit supply and demand we specify a theory-based dynamic disequilibrium model of the German credit market....
Persistent link: https://www.econbiz.de/10010576034
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Nach der konjunkturellen Schwächephase, in die Deutschland im Winterhalbjahr 2012/2013 geraten ist, dürfte die deutsche Wirtschaft im weiteren Verlauf dieses Jahres – wie in unserer Kurzfristprognose skizziert (Döhrn et al. 2013) – an Schwung gewinnen. Dazu trägt die robuste...
Persistent link: https://www.econbiz.de/10010635310
Government agencies and other national and international institutions are asked to perform forecasts over the medium term. In particular, the EU Stability and Growth Pact contains the obligation to formulate stability programmes over four years, covering a general economic outlook as well as the...
Persistent link: https://www.econbiz.de/10008854423
In der ersten Jahreshälfte hat sich das Expansionstempo der Weltwirtschaft etwas abgeschwächt. Dabei wurde die konjunkturelle Grunddynamik in zahlreichen Ländern von Sonderfaktoren überlagert. Insgesamt führten diese kurzfristig wirkenden Faktoren dazu, dass sich die Produktionsausweitung...
Persistent link: https://www.econbiz.de/10010934832
The aim of the paper is to analyse the forecasting ability of various potential predictors for real estate prices in Germany over the short term. In the wake of the financial crisis, real estate prices in Germany started to increase markedly and still did so by the end of 2013. Despite a number...
Persistent link: https://www.econbiz.de/10010953253
In this paper we use the frequency domain Granger causality test of Breitung/Candelon (2006) to analyse short and long-run causality between energy prices and prices of food commodities. We find that the oil price Granger causes all the considered food prices. However, when controlling for...
Persistent link: https://www.econbiz.de/10010986047