Narrow search
Showing 1 - 10 of 72,889
Cover Image
Cyclical drivers of euro area consumption : what can we learn from durable goods?
Casalis, André; Krustev, Georgi - 2020
We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … cross-country heterogeneity in how different factors (including durable-specific ones) explain consumption; (iii) the … strength of spillovers from durable to nondurable consumption, as predicted by theory, is empirically correlated with how much …
Persistent link: https://www.econbiz.de/10012197836
Cover Image
Cyclical Drivers of Euro Area Consumption : What Can We Learn from Durable Goods?
Krustev, Georgi; Casalis, André - 2021
We study the cyclical dynamics of consumption in the euro area (EA) and the large EA countries by distinguishing … cross-country heterogeneity in how different factors (including durable-specific ones) explain consumption; (iii) the … strength of spillovers from durable to nondurable consumption, as predicted by theory, is empirically correlated with how much …
Persistent link: https://www.econbiz.de/10013315322
Cover Image
Cyclical drivers of euro area consumption : what can we learn from durable goods?
Casalis, André; Krustev, Georgi - In: Journal of international money and finance 120 (2022), pp. 1-51
Persistent link: https://www.econbiz.de/10013417414
Cover Image
The effects of fiscal expansions: an international comparison
Pappa, Evi - Barcelona Graduate School of Economics (Barcelona GSE) - 2009
in a SVAR by the restrictions that disturbances to government consumption, government investment and government …. All spending shocks increase private consumption and employment, while the responses of private investment and the real … wage are mixed. The output effects of government consumption and investment shocks are smaller than those of government …
Persistent link: https://www.econbiz.de/10010547365
Cover Image
Uniform priors for impulse responses
Arias, Jonas E.; Rubio-Ramírez, Juan Francisco; … - 2023
There has been a call for caution when using the conventional method for Bayesian inference in setidentified structural vector autoregressions on the grounds that the uniform prior over the set of orthogonal matrices could be nonuniform for individual impulse responses or other quantity of...
Persistent link: https://www.econbiz.de/10014388427
Cover Image
Uniform priors for impulse responses
Arias, Jonas E.; Rubio-Ramírez, Juan Francisco; … - 2023
There has been a call for caution when using the conventional method for Bayesian inference in setidentified structural vector autoregressions on the grounds that the uniform prior over the set of orthogonal matrices could be nonuniform for individual impulse responses or other quantity of...
Persistent link: https://www.econbiz.de/10014368558
Cover Image
Narrative sign restrictions for SVARs
Antolín-Díaz, Juan; Rubio-Ramírez, Juan Francisco - 2016
changes the inference of SVARs originally identified via traditional sign restrictions. Our approach combines the appeal of …
Persistent link: https://www.econbiz.de/10011776826
Cover Image
Narrative sign restrictions for SVARs
Antolín-Díaz, Juan; Rubio-Ramírez, Juan Francisco - 2016
changes the inference of SVARs originally identified via traditional sign restrictions. Our approach combines the appeal of …
Persistent link: https://www.econbiz.de/10011570683
Cover Image
Credit supply dynamics and economic activity in euro area countries: a time-varying parameter VAR analysis
Bijsterbosch, Martin; Falagiarda, Matteo - 2014
This paper aims to shed light on the role of credit supply shocks in euro area countries during the recent pre-crisis, bust, and post-crisis periods. A time-varying parameter vector autoregression (TVP-VAR) with stochastic volatility à la Primiceri (2005) is estimated for each country, and the...
Persistent link: https://www.econbiz.de/10011605759
Cover Image
To sign or not to sign? On the response of prices to financial and uncertainty shocks
Meinen, Philipp; Röhe, Oke - 2018
Based on SVAR models identified by sign restrictions, we estimate the macroeconomic effects of financial and uncertainty shocks in the euro area and the US, paying particular attention to their effects on prices. While our results confirm that such disturbances are important drivers of output...
Persistent link: https://www.econbiz.de/10011902080