Similar Search Results

Parameter heterogeneity, persistence and cross-sectional dependence : new insights on fiscal policy reaction functions for the Euro area

Golinelli, Roberto; Mammi, Irene; Musolesi, Antonio - 2018 - This version: March 31st, 2018

policy and public debt. The aim of this paper is to address the challenges posed by the estimation of the discretionary … fiscal reaction function for the Euro area. We exploit recently introduced testing and estimation strategies for …. We find evidence of strong cross-sectional dependence in the panel, and clear support to a valid cointegration …

Persistent link: https://www.econbiz.de/10011813607

US-euro area monetary policy interdependence : new evidence from Taylor rule-based VECMs

Belke, Ansgar; Cui, Yuhua - In: The world economy : the leading journal on … 33 (2010) 5, pp. 778-797

Persistent link: https://www.econbiz.de/10003976654

US-Euro Area Monetary Policy Interdependence - New Evidence from Taylor Rule Based VECMs

Cui, Yuhua - 2009

This paper analyzes the monetary policy interdependence between the European Central Bank (ECB) and the Federal Reserve (Fed) for the period 1999-2006. Two models are specified: a partial Vector Error Correction Model (VECM) and a general VECM. In the partial VECM, we look for a long-run...

Persistent link: https://www.econbiz.de/10012718763

Does the Central Bank of the Republic of Turkey respond asymmetrically to inflation and output?

Bulut, Umit - In: Margin: the journal of applied economic research 13 (2019) 4, pp. 381-400

Persistent link: https://www.econbiz.de/10012161233

Is the Bank of Canada more or less independent than the Fed?

Ferris, J. Stephen - 2007

Persistent link: https://www.econbiz.de/10003446669

Effects of the domestic and ECB interest rates on Türkiye's stock market : empirical evidence from a newly developed combined co-integration and causality analysis

Samour, Ahmed; Zhakanova, Aliya; Türsoy, Turgut - In: European journal of comparative economics 20 (2023) 2, pp. 223-238

Distributed Lag (ARDL) co-integration method to analyze the interaction among the tested variables. The Fully Modified … model. A newly developed combined co-integration approach as proposed by Bayer-Hanck (BH) is utilized to promote the ARDL co-integration …

Persistent link: https://www.econbiz.de/10014480826

The Taylor Rule: A Spurious Regression?

Österholm, Pär - 2003

processes, cointegration is a necessary condition both for consistent estimation of the parameters of the model and … compatibility between the model and the data. Tests find little support for cointegration and, together with an out …

Persistent link: https://www.econbiz.de/10010321545

Non-Stationary Interest Rate Differentials and the Role of Monetary Policy

Matros, Philipp - 2011

bivariate cointegration between domestic and foreign interest rates. We explain non-stationarity of the interest differential … stochastic trend into the system. Trivariate cointegration between the interest rates and the exchange rate accounts for the …

Persistent link: https://www.econbiz.de/10013124253

Testing the Taylor model predictability for exchange rates in Latin America

Moura, Marcelo - In: Open economies review 21 (2010) 4, pp. 547-564

Persistent link: https://www.econbiz.de/10008736918

Monetary policy rules and inflation control in the US

Eleftheriou, Maria; Kouretas, Georgios P. - In: Economic modelling 119 (2023), pp. 1-15

Persistent link: https://www.econbiz.de/10014249665