Showing 1 - 10 of 15,460
The article studies the conceptions of causality encountered in macroeconometrics. From an empiricist standpoint, it is … natural to privilege measurements of phenomenal associations, spread over a period of time, between series of data. This … research in causality in this area. The authors seek to establish in particular the type of causality underpinning the …
Persistent link: https://www.econbiz.de/10010708981
This report presents the Basic WIOD CGE model. The model represents the first implementation of the World Input-Output Database (WIOD) into the CGE framework and is tailored to provide a maximum fit with WIOD data. The model is specifically designed such that it can serve as the basis for...
Persistent link: https://www.econbiz.de/10010204235
This paper outlines a simple three-country macroeconomic model designed to focus on the transmission of external shocks to Portugal. Building on the framework developed by Berg et al (2006), this model differentiates between shocks originating from both inside and outside the euro area, as well...
Persistent link: https://www.econbiz.de/10012843313
The Chinese economy upheld a frail recovery in 2022 under the triple superposition of contraction of demand, disruption in supply, and weakening expectations, aggravated by unanticipated adverse shocks in the midst of global turmoil. Over the year, rising income uncertainty set off by the...
Persistent link: https://www.econbiz.de/10014288667
The long history of sovereign debt and the associated enforcement problem have attracted researchers in many fields. In this paper, we survey empirical work by economists, historians, and political scientists. As we review the empirical literature, we emphasize parallel developments in the...
Persistent link: https://www.econbiz.de/10010292163
The welfare gain to consumers from the introduction of personal computers is estimated here. A simple model of consumer demand is formulated that uses a slightly modified version of standard preferences. The modification permits marginal utility, and hence total utility, to be finite when the...
Persistent link: https://www.econbiz.de/10010292344
In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in 50 German industries from 1991 onward. The data is consistent with national accounts statistics provided by the German Federal Statistical Office and is based on investments in...
Persistent link: https://www.econbiz.de/10010292503
Ciccone and Jarocínski (2010) show that inference in Bayesian model averaging (BMA) can be highly sensitive to small changes in the dependent variable. In particular they demonstrate that the importance of growth determinants in explaining growth varies tremendously over different revisions of...
Persistent link: https://www.econbiz.de/10010293335
Ungeachtet der vielfältigen Anstrengungen hat sich die Genauigkeit makroökonomischer Prognosen seit den 1970er Jahren nicht verbessert. Deshalb mahnen (manche) Ökonomen "mehr Wettbewerb" unter den Prognoseinstituten an – und hoffen, dass die allokative Effizienz marktlicher Lösungen auch...
Persistent link: https://www.econbiz.de/10010296678
Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a...
Persistent link: https://www.econbiz.de/10010298407