This paper investigates what types of mutual relationships exist among the stock markets of the Greater China economic bloc, which include stock markets in Hong Kong and Taiwan, as well as stock markets in Shanghai and Shenzhen. Using the unit root test, co-integration analysis, and vector error...

This paper introduces methods for computing impulse response functions that do not require specification and estimation of the unknown dynamic multivariate system itself. The central idea behind these methods is to estimate flexible local projections at each period of interest rather than...

Ziel der vorliegenden Arbeit ist es zu prüfen, inwieweit unterschiedliche Varianten berechenbarer dynamischer Gleichgewichtsmodelle die empirische Evidenz zum monetären Transmissionsmechanismus nachbilden. Die zentrale Frage dieser Arbeit, inwieweit nominale Rigiditäten zu Trägheiten des...