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international response to the 2007-2008 financial crisis. Particularly, the liquidity coverage ratio (LCR) introduced by the Basel … macroeconomic effects does it produce? In order to address such crucial issues, the author develops a stock-flow consistent (SFC …
Persistent link: https://www.econbiz.de/10011587854
international response to the 2007–2008 financial crisis. Particularly, the liquidity coverage ratio (LCR) introduced by the Basel … macroeconomic effects does it produce? In order to address such crucial issues, the author develops a stock-flow consistent (SFC …
Persistent link: https://www.econbiz.de/10011587669
econometrics and in mainstream econometrics and is of considerable importance given the current economic crisis. This paper focuses … responses to economic shocks are transitory or permanent. Analysis shows that output shocks have permanent effects on …
Persistent link: https://www.econbiz.de/10011108201
finally the European growth model is outlined for attaining this objective. Given the global financial crisis started in 2008 …, were analyzed performance of growth models used in Central and Eastern Europe, an attempt to identify causes and effects …
Persistent link: https://www.econbiz.de/10010632097
The global financial crisis which emerged in developed countries has spread to the developing world. Forecasts of … crisis is turning out to be much deeper and broader than expected. This paper underlines what is the outcome of the financial … crisis on the global economy and synthesises the main opportunities for companies in these unstable years. …
Persistent link: https://www.econbiz.de/10010632476
Econometric Modeling has a wide range if applications, including economy-wide representations. This study takes on the task of finding a suitable structure to model the Venezuelan economy. It is revealed that econometric structural and computable general equilibrium models are inapplicable,...
Persistent link: https://www.econbiz.de/10009474966
Previous studies on financial frictions have been unable to establish the empirical significance of credit constraints in macroeconomic fluctuations. This paper argues that the muted impact of credit constraints stems from the absence of a mechanism to explain the observed persistent comovements...
Persistent link: https://www.econbiz.de/10010292216
We argue that positive comovements between land prices and business investment are a driving force behind the broad impact of land-price dynamics on the macroeconomy. We develop an economic mechanism that captures the comovements by incorporating two key features into a DSGE model: we introduce...
Persistent link: https://www.econbiz.de/10010292308
In any dataset with individual forecasts of economic variables, some forecasters will perform better than others. However, it is possible that these ex post differences reflect sampling variation and thus overstate the ex ante differences between forecasters. In this paper, we present a simple...
Persistent link: https://www.econbiz.de/10010292810
We suggest a theoretical basis for the comparative evaluation of forecasts. Instead of the general assumption that the data is generated from a stochastic model, we classify three stages of prediction experiments: pure non-stochastic prediction of given data, stochastic prediction of given data,...
Persistent link: https://www.econbiz.de/10010293709