Search Results - subject:"Heterogeneous dynamics"

Heterogeneous dynamics, aggregation and the persistence of economic shocks.

Mayoral, Laura - Departament d'Economia i Història Econòmica, … - 2009

It has been recently emphasized that, if individuals have heterogeneous dynamics, estimates of shock persistence based … literature. This paper formally examines this issue. We consider a disaggregate linear model with heterogeneous dynamics and …

Persistent link: https://www.econbiz.de/10008531667

Analyzing aggregate real exchange rate persistence through the lens of sectoral data.

Mayoral, Laura; Gadea, Maria Dolores - Departament d'Economia i Història Econòmica, … - 2009

In this paper we analyze the persistence of aggregate real exchange rates (RERs) for a group of EU-15 countries by using sectoral data. The tight relation between aggregate and sectoral persistence recently investigated by Mayoral (2008) allows us to decompose aggregate RER persistence into the...

Persistent link: https://www.econbiz.de/10008531668