Search Results - subject:"response function"

Causality between public wage bill, exports and economic growth in Slovenia

Trošt, Maja; Bojnec, Štefan - In: Economic research 28 (2015) 1, pp. 119-131

Persistent link: https://www.econbiz.de/10012220690

Korea's export performance: three empirical essays

Kang, Shin-jae - 2008

Impulse Response Function Analysis (GIRA). The VECM and the GIRA yield bidirectional causality between exports and GDP, which …

Persistent link: https://www.econbiz.de/10009464017

Phillips Curves and unemployment dynamics: a critique and a holistic perspective

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2008

The conventional wisdom that inflation and unemployment are unrelated in the long-run implies the compartmentalisation of macroeconomics. While one branch of the literature models inflation dynamics and estimates the unemployment rate compatible with inflation stability, another one determines...

Persistent link: https://www.econbiz.de/10010276432

The rise and fall of Spanish unemployment: a chain reaction theory perspective

Karanassou, Marika; Sala, Héctor - 2008

The evolution of Spanish unemployment has been quite idiosyncratic. The full employment levels of the early seventies were followed by unemployment rates that were the highest within the OECD countries in the aftermath of the oil price shocks. While unemployment was extremely persistent in most...

Persistent link: https://www.econbiz.de/10010276462

Information criteria for impulse response function matching estimation of DSGE models

Hall, Alastair; Inoue, Atsushi; Nason, James M.; Rossi, … - 2008

We propose a new information criterion for impulse response function matching estimators (IRFMEs) of the structural …

Persistent link: https://www.econbiz.de/10010292348

Which is the Right Dose of EU Cohesion Policy for Economic Growth?

Mohl, Philipp; Hagen, Tobias - 2008

regions for the time period 1995{2005, which leads to the estimation of a dose-response function, as proposed by Hirano and …

Persistent link: https://www.econbiz.de/10010298685

The rise and fall of Spanish unemployment: A chain reaction theory perspective

Karanassou, Marika; Sala, Hector - 2008

The evolution of Spanish unemployment has been quite idiosyncratic. The full-employment levels of the early seventies were followed by unemployment rates that were the highest within the OECD countries in the aftermath of the oil price shocks. While unemployment was extremely persistent in most...

Persistent link: https://www.econbiz.de/10010280789

Wage and price dynamics in Portugal

Robalo Marques, Carlos - European Central Bank - 2008

This paper investigates the persistence of aggregate wages and prices in Portugal assuming a model of a unionized economy with imperfect competition. An impulse response analysis is conducted where the structural shocks are identified by taking into account the long-run properties of the model,...

Persistent link: https://www.econbiz.de/10005530898

The Rise and Fall of Spanish Unemployment: A Chain Reaction Theory Perspective

Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2008

: labour market dynamics, frictional growth, chain reaction theory, capital accumulation, impulse response function … response function (IRF) of its univariate representation (11). Unemployment persistence (σ) can be defined as the sum of its … ... R 1T IRF 2 : − R 22 ... R 2T ... −−... ... IRF T : −−... R TT where IRF j denotes the response function to the jth shock …

Persistent link: https://www.econbiz.de/10005763529

Technology transfer, policies, and the role of the private sector in the global poultry revolution:

Narrod, Clare A.; Pray, Carl E.; Tiongco, Marites - International Food Policy Research Institute (IFPRI) - 2008

developing countries. This paper uses a supply response function to measure the importance of different types of private …

Persistent link: https://www.econbiz.de/10005038056