We propose a Bayesian approach to dynamic panel estimation in the presence of cross-sectional dependence and dynamic … by estimating a panel VAR on sector level data for labour productivity and hours worked growth for Canada, Germany …

This paper considers estimation methods and inference for linear dynamic panel data models with unit …-invariant variables in a dynamic version of the Hausman and Taylor (1981) model. We propose a two-stage estimation procedure to identify … errors are adjusted to take into account the first-stage estimation uncertainty. As potential first-stage estimators we …

We empirically identify the effect of inflation on relative price distortions, using a novel identification approach … unobserved shocks. Using the micro price data underlying the U.K. CPI, we document that suboptimally high (or low) inflation is … associated with distortions in relative prices. At the level of individual products, the marginal effect of inflation on relative …

We introduce a dynamic panel threshold model to shed new light on the impact of inflation on long-term economic growth … developing countries. -- Inflation Thresholds ; Inflation and Growth ; Dynamic Panel Threshold Model …. The empirical analysis is based on a large panel-data set including 124 countries during the period from 1950 to 2004. For …

the estimation results, two currencies, the Swiss franc and (to a lesser extent) the US dollar qualify as safe haven …

We develop a new Bayesian estimator that is able to deal with multivariate panel data structure in the presence of … spatial correlation. The analysis of panel data introduced here allows us to analyze not only the fixed effect but also the …