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The Chinese impact on GDP growth and inflation in the industrial countries

Dreger, Christian; Zhang, Yanqun - 2011

investigates to what extent this process affects output growth and inflation in the advanced countries. A GVAR model is specified … multipliers are also reduced by a sizeable effect on inflation, as Chinese firms participate in international production chains …

Persistent link: https://www.econbiz.de/10009515006

The effects of labor supply shocks on labor market outcomes : evidence from the Israeli-Palestinian conflict

Mansour, Hani - 2010

, pushing the low skilled into unemployment. This latter hypothesis is confirmed by analyzing the effects of changes in labor … supply on unemployment. -- Immigration ; labor supply shocks ; border controls …

Persistent link: https://www.econbiz.de/10003974532

Employment fluctuations and dynamics of the aggregate average wage in Poland 1996 - 2003

Myck, Michał (contributor); Morawski, Leszek (contributor); … - 2006

1996-2003. During these years unemployment in Poland almost doubled. We show that about a quarter of the growth in the …

Persistent link: https://www.econbiz.de/10003267646

Capital accumulation, labour market institutions, and unemployment in the medium run

Stockhammer, Engelbert (contributor); … - 2008

According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the … insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …

Persistent link: https://www.econbiz.de/10003779645

When credit turns political : evidence from the Spanish Financial Crisis

Hüttl, Pia; Baumgartner, Simon - 2023

unemployment on voting behaviour. We construct an instrument for unemployment based on the city-level exposure to foreign weak … banks. We find that a one standard deviation increase in instrumented unemployment translates into a 7 percentage increase …

Persistent link: https://www.econbiz.de/10014305674

Persistence and cycles in US hours worked

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2012

This paper analyses monthly hours worked in the US over the sample period 1939m1 - 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is...

Persistent link: https://www.econbiz.de/10009579224

Identifying uncertainty shocks using the price of gold

Piffer, Michele; Podstawski, Maximilian - 2016

We propose a new instrument to identify the impact of uncertainty shocks in a SVAR model with external instruments. We construct the instrument for uncertainty shocks by exploiting variations in the price of gold around selected events. The events capture periods of changes in uncertainty...

Persistent link: https://www.econbiz.de/10011435972

On the exposure of the BRIC countries to global economic shocks

Belke, Ansgar; Dreger, Christian; Dubova, Irina - 2016

The financial crisis led to a deep recession in many industrial countries. While large emerging countries recovered relatively quickly from the financial crisis, their performance deteriorated in the last years, despite the modest recovery in advanced economies. The higher divergence of business...

Persistent link: https://www.econbiz.de/10011506905

Monetary policy, external instruments and heteroskedasticity

Rieth, Malte; Schlaak, Thore; Podstawski, Maximilian - 2019 - This version: February 1, 2019

We develop a vector autoregressive framework that combines an external instrument and heteroskedasticity for the identification of monetary policy shocks. We show that exploiting both types of information sharpens structural inference, allows testing both the relevance and exogeneity condition...

Persistent link: https://www.econbiz.de/10012041145

Tax and spending shocks in the open economy : are the deficits twins?

Klein, Mathias; Linnemann, Ludger - 2019

We present evidence on the open economy consequences of US fiscal policy shocks identified through proxy-instrumental variables. Tax shocks and government spending shocks that raise the government budget deficit lead to persistent current account deficits. In particular, the negative response of...

Persistent link: https://www.econbiz.de/10012102659