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Dynamic effects of persistent shocks
Alloza, Mario; Gonzalo, Jesús; Sanz, Carlos
We show that several shocks identifi ed without restrictions from a model, and frequently used in the empirical literature, display some persistence. We demonstrate that the two leading methods to recover impulse responses to shocks (moving average representations and local projections) treat...
Persistent link: https://www.econbiz.de/10012523677
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Fiscal expenditure spillovers in the euro area: An empirical and model-based assessment
Alloza Frutos, Mario; Ferdinandusse, Marien; Jacquinot, … - 2020
Este documento describe los principales canales de transmisión de los efectos desbordamiento (spillovers) de las políticas fiscales nacionales a otros países de la zona del euro y analiza su magnitud utilizando diferentes modelos. En el contexto de la Unión Económica y Monetaria (UEM), los...
Persistent link: https://www.econbiz.de/10012524802
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An incomplete recovery amid uncertainty: from the pandemic to the rise in inflation and the outbreak of war
Gavilán González, Ángel
Event: Presentation of the Annual Report 2021. Organized by: Banco de España
Persistent link: https://www.econbiz.de/10013205927
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Study of capital requirements for solar energy. Final report, Volume 2. Appendix B: The Hudson-Jorgenson energy/economic model (Long-term interindustry transactions model): a descr...
Hudson, E.A.; Jorgenson, D.W. - 2008
) - is an econometric model of the structure of the US economy. LITM integrates two separate models into one integrated …, and the Interindustry Model, an endogenous coefficient input-output model of the structure of the economy incorporating … economy. Applications of LITM have, therefore, focused on energy, the effect of energy changes on the economy, and the effect …
Persistent link: https://www.econbiz.de/10009435835
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Documentation of the DRI Model of the US economy, December 1993
2008
The Energy Information Administration (EIA) uses models of the US economy developed by Data Resources, Inc. (DRI) for … Model of the US Economy and the DRI Personal Computer Input-Output Model (PC-IO){sup 2} were developed and are maintained by … forecast accuracy of the DRI Model of the US Economy. …
Persistent link: https://www.econbiz.de/10009435959
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Reconsideration of the P-Bar Model of Gradual Price Adjustment
McCallum, Bennett T. - 2008
with quarterly data for the US economy. Neither model dominates but, overall, the comparison seems somewhat more favorable …
Persistent link: https://www.econbiz.de/10009441077
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Inflation Targeting, Committee Decision Making and Uncertainty: The case of the Bank of England’s MPC
Bhattacharjee, Arnab; Holly, Sean - 2005
Transparency and openness of the monetary policymaking process at the Bank of England has provided very detailed information on both the decisions of individual members of the Monetary Policy Committee and the information on which they are based. We consider this decision making process in the...
Persistent link: https://www.econbiz.de/10009442006
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Bretton Woods 1.0: An Essay in Constructive Retrieval
Hockett, Robert C - 2011
chronic, uncontrolled, and apparently uncontrollable tendencies toward excess credit-money in the American financial economy …
Persistent link: https://www.econbiz.de/10009467535
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Exchange rate pass-through in the euro area and EU countries
Ortega Eslava, Eva; Osbat, Chiara - 2020
La traslación del tipo de cambio (ERPT, por sus siglas en inglés) a los precios de importación y consumo en la Unión Europea es, en términos agregados, menor que en los años 90 y tiene un comportamiento no lineal. Estimaciones agregadas de una traslación pequeña a los precios al consumo...
Persistent link: https://www.econbiz.de/10012523788
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Eurozone prices: a tale of convergence and divergence
García-Hiernaux, Alfredo; González-Pérez, María T.; … - 2020
Este artículo describe una metodología que permite contrastar la convergencia absoluta y relativa del nivel general de precios (en media y varianza), basada en un modelo de precios relativos que incluye un proceso de transición y permite medir la velocidad de convergencia de precios entre un...
Persistent link: https://www.econbiz.de/10012523793