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We report evidence that the relation between the financial-sector share, private saving, and growth in the United States in 1948-96 is characterized by several regime shifts. The finding is based on vector autoregressions on quarterly data that allow for Markov switching regimes. The evidence...
Persistent link: https://www.econbiz.de/10014620852
This paper studies the relation between macroeconomic fluctuations and corporate defaults while conditioning on industry affiliation and an extensive set of firm-specific factors. Using a multiperiod logit approach on a panel data set for all incorporated Swedish businesses over 1990-2002, we...
Persistent link: https://www.econbiz.de/10005504257
Persistent link: https://www.econbiz.de/10005402826
We report evidence that the relation between the financial-sector share, private saving, and growth in the United States in 1948-96 is characterized by several regime shifts. The finding is based on vector autoregressions on quarterly data that allow for Markov switching regimes. The evidence...
Persistent link: https://www.econbiz.de/10004966091
Persistent link: https://www.econbiz.de/10005810175
We consider a Bayesian model averaging approach for the purpose of forecasting Swedish consumer price index inflation using a large set of potential indicators, comprising some 80 quarterly time series covering a wide spectrum of Swedish economic activity. The paper demonstrates how to...
Persistent link: https://www.econbiz.de/10005596918
We report evidence that the relation between the financial-sector share, private saving, and growth in the United States in 1948-96 is characterized by several regime shifts. The finding is based on vector autoregressions on quarterly data that allow for Markov switching regimes. The evidence...
Persistent link: https://www.econbiz.de/10005751419
Persistent link: https://www.econbiz.de/10005213944
Persistent link: https://www.econbiz.de/10005130486
Persistent link: https://www.econbiz.de/10005165485