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One Money, Many Markets : Monetary Transmission and Housing Financing in the Euro Area
Corsetti, Giancarlo - 2020
We study the transmission of monetary shocks across euro-area countries using a dynamic factor model and high-frequency identification. We develop a methodology to assess the degree of heterogeneity, which we find to be low in financial variables and output, but significant in consumption,...
Persistent link: https://www.econbiz.de/10012828237
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Taxes and Private Consumption Expenditure: A Component Based Analysis for Turkey
Kaya, Ayşe; Şen, Hüseyin - Volkswirtschaftliche Fakultät, … - 2015
The purpose of this paper is to analyze empirically the short- and long-run effects of tax shocks on private consumption expenditure on component basis in Turkey. To do so, first, we decomposed private consumption expenditure into four major sub-categories, including food, education, and...
Persistent link: https://www.econbiz.de/10011156989
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Innovation and growth: supply and demand factors in the US expansion
Simonazzi, Annamaria - Dipartimento di Economia e Diritto, Facoltà di Economia - 2002
It is widely held that the social-economic context of the United States, characterised by labour market flexibility and deregulation of product and capital markets, lies at the basis of the innovative capacity displayed by the country’s productive system in the ‘90s, thus accounting...
Persistent link: https://www.econbiz.de/10009649982
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Macroeconomic Policies and Foreign Asset Accumulation in a Finite-Horizon Model
Cui, Xiaoyong; Gong, Liutang; Zhuang, Ziguan - In: Annals of Economics and Finance 9 (2008) 2, pp. 293-313
This paper considers foreign asset holdings and macroeconomic policies in a finite-horizon model with real balances and foreign asset holdings in a small open economy. Both the long- and short-run effects of these macroeconomic policies on the economy are reexamined. The main results stand in...
Persistent link: https://www.econbiz.de/10009207392
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Can India Achieve Double-digit growth ?
Herd, Richard; Conway, Paul; Hill, Sam; Koen, Vincent; … - Economics Department, Organisation de Coopération et … - 2011
In recent years, India has enjoyed one of the highest growth rates worldwide, weathering the global financial crisis better than many other countries. Prudent macroeconomic policies will be critical to prolonging the current expansion, given the risks associated with high inflation and volatile...
Persistent link: https://www.econbiz.de/10009191040
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Indonesia: Growth Performance and Policy Challenges
Mello, Luiz de - Economics Department, Organisation de Coopération et … - 2008
Indonesia’s growth performance is improving, following a slow recovery from the 1997-98 financial crisis. Investment is … raising the economy’s growth potential are to be found on the supply side of the economy. Indonesia will need to improve the … Working Paper relates to the 2008 OECD Economic Assessment of Indonesia (www.oecd.org/eco/surveys/indonesia …
Persistent link: https://www.econbiz.de/10005045997
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In the Midst of Global Financial Slowdown: the Indonesian Experience
Siregar, Reza; Wiranto, Willeam - Volkswirtschaftliche Fakultät, … - 2009
strength and the resilient of economic growth in Indonesia in recent years. We first examine closely the compositions of the …
Persistent link: https://www.econbiz.de/10008556306
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Unit Labour Costs in the New EU Member States
Havlik, Peter - 2005
Unit labour costs (ULCs) are one of the key economic variables considered in the context of globalization, competitiveness and production-location decisions. With the EU accession of eight Central and East European countries and their (almost) full inclusion in the European Single Market, the...
Persistent link: https://www.econbiz.de/10012099994
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Adjustment Is Much Slower Than You Think
Caballero, Ricardo J.; Engel, Eduardo M.R.A. - 2003
In most instances, the dynamic response of monetary and other policies to shocks is infrequent and lumpy. The same holds for the microeconomic response of some of the most important economic variables, such as investment, labor demand, and prices. We show that the standard practice of estimating...
Persistent link: https://www.econbiz.de/10010369179
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ifo Handbuch der Konjunkturumfragen
Sauer, Stefan; Wohlrabe, Klaus - 2020
Das vorliegende Handbuch soll einen Überblick über die Befragungen des ifo Instituts sowie die daraus resultierenden Konjunkturindikatoren und deren Verwendung für die Prognose volkswirtschaftlicher Kennzahlen liefern. Des Weiteren ist es als Interpretationshilfe für den Umgang mit den...
Persistent link: https://www.econbiz.de/10012157629