Search Results - subject:"Output Dynamics"

Macroeconomic modelling in EMU : how relevant is the change in regime?

Andrés Domingo, Javier Angel; Restoy Lozano, Fernando - 2007

We analyse the likely effects of changes in the monetary and financial regimes of EMU countries on the dynamics of output and inflation. In particular, we evaluate the impact of the regime shift on the forecasting performance of reduced-form models. Data for both the pre-EMU and the EMU regimes...

Persistent link: https://www.econbiz.de/10012530173

Macroeconomic modelling in EMU: how relevant is the change in regime?

Andrés, Javier; Restoy, Fernando - Banco de España - 2007

Persistent link: https://www.econbiz.de/10005022237

Are output growth-rate distributions fat-tailed? Some evidence from OECD countries

Fagiolo, Giorgio; Napoletano, Mauro; Roventini, Andrea - 2006

This work explores some distributional properties of aggregate output growth-rate time series. We show that, in the majority of OECD countries, output growth-rate distributions are well-approximated by symmetric exponential-power densities with tails much fatter than those of a Gaussian. Fat...

Persistent link: https://www.econbiz.de/10010328447

Are Output Growth-Rate Distributions Fat-Tailed? Some Evidence from OECD Countries

Fagiolo, Giorgio; Napoletano, Mauro; Roventini, Andrea - Laboratory of Economics and Management (LEM), Scuola … - 2006

-Rate Distributions, Normality, Fat Tails, Time Series, Exponential-Power Distributions, Laplace Distributions, Output Dynamics. JEL … statistical properties of within-country output dynamics (cf., among others, Nelson and Plosser, 1982; Cochrane, 1988; Brock and … is characterized by a deterministic or a stochastic trend and whether output dynamics is better captured by linear or …

Persistent link: https://www.econbiz.de/10005518720

Are Output Growth-Rate Distributions Fat-Tailed? Some Evidence from OECD Countries

Fagiolo, Giorgio; Napoletano, Mauro; Roventini, Andrea - Dipartimento di Scienze Economiche, Facoltà di Economia - 2006

Persistent link: https://www.econbiz.de/10011265763

Are output growth-rate distributions fat-tailed? Some evidence from OECD countries

Fagiolo, Giorgio; Napoletano, Mauro; Roventini, Andrea - Sciences économiques, Sciences Po - 2006

Persistent link: https://www.econbiz.de/10011003630

Are Output Growth-Rate Distributions Fat-Tailed? Some Evidence from OECD Countries

Fagiolo, Giorgio; Napoletano, Mauro; Roventini, Andrea - Dipartimento di Scienze Economiche, Facoltà di Economia - 2006

Persistent link: https://www.econbiz.de/10005641898

Are output growth-rate distributions fat-tailed? Some evidence from OECD countries

Napoletano, Mauro; Krafft, Jackie; Roventini, Andrea - Department of Economics, Sciences économiques - 2006

Persistent link: https://www.econbiz.de/10010756757

Limited Pledgeability, Asset Prices, and Macroeconomic Fluctuations

Zhang, Haiping - 2005

According to the theory of incomplete contracts, given nonverifiable entrepreneurial project choices together with divergent objectives between an entrepreneur and its outside financier, the entrepreneur can credibly pledge only part of its project outcome for external funding. Meanwhile,...

Persistent link: https://www.econbiz.de/10010263134

Speculation in Standard Auctions with Resale

Zhang, Haiping - University of Bonn, Germany - 2005

Persistent link: https://www.econbiz.de/10004968435