Showing 1 - 6 of 6
This paper empirically assesses which factors trigger prolonged periods of inflation for a sample of 91 countries over the period 1960-2006. The paper employs pooled probit analysis to estimate the contribution of the key factors to inflation starts. The empirical results suggest that for all...
Persistent link: https://www.econbiz.de/10003963812
We build a panel of 14 emerging economies to estimate the magnitude of housing, stock market, and money wealth eÞects on consumption. Using modern panel data econometric techniques and quarterly data for the period 1990:1-2008:2, we show that: (i) wealth effects are statistically significant...
Persistent link: https://www.econbiz.de/10003831615
euro area. Using country and sector quarterly data over the period 1985Q1-2018Q1 we find a strong link between labor cost … and price inflation in the four major economies of the euro area and across the three main sectors. The dynamic …
Persistent link: https://www.econbiz.de/10011975511
In this paper we analyse to what extent the outward shift in the Portuguese Beveridge curve since 2007 has been due to structural or cyclical factors and how likely the outward shift will persist. We do this by empirically estimating the Beveridge curve in a Markov-switching panel setting with...
Persistent link: https://www.econbiz.de/10011636179
Price inflation in the euro area has been stable and low since the Global Financial Crisis, despite notable changes in … remained stubbornly stable and low in the euro area over the past two decades. For this purpose, we exploit a rich firm …-level database to show that over the period 1995–2018 the aggregate markup in the euro area has been on the rise, mainly on account …
Persistent link: https://www.econbiz.de/10012705418
In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI … countries located outside the monetary union increase. Such flows are however not more likely be directed towards euro area …
Persistent link: https://www.econbiz.de/10011999066