Similar Search Results

Exchange Rate Volatility and Growth in Small Open Economies at the EMU Periphery

Schnabl, Gunther - 2008

accelerating growth. Panel estimations reveal a robust negative relationship between exchange rate volatility and growth for …

Persistent link: https://www.econbiz.de/10012773503

Credit Supply Dynamics and Economic Activity in Euro Area Countries : A Time-Varying Parameter VAR Analysis

Bijsterbosch, Martin - 2014

-crisis, bust, and post-crisis periods. A time-varying parameter vector autoregression (TVP-VAR) with stochastic volatility à la …

Persistent link: https://www.econbiz.de/10013049850

The Role of Labor Markets for Euro Area Monetary Policy

Christoffel, Kai - 2009

In this paper, we explore the role of labor markets for monetary policy in the euro area in a New Keynesian model in which labor markets are characterized by search and matching frictions. We first investigate to which extent a more flexible labor market would alter the business cycle behaviour...

Persistent link: https://www.econbiz.de/10012764518

Modelling Ireland's Exchange Rates : From EMS to EMU

Bond, Derek - 2007

This paper attempts to model the nominal and real exchange rate for Ireland, relative to Germany and the UK from 1975 … exchange rates are effectively modelled, and in the case of Ireland and Germany, Ppp is found to be valid not only in the long …

Persistent link: https://www.econbiz.de/10012775859

On-the-Job Search and the Cyclical Dynamics of the Labor Market

Krause, Michael; Lubik, Thomas A. - 2021

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are lose …

Persistent link: https://www.econbiz.de/10013318926

Macroeconomic Uncertainty and the Impact of Oil Shocks

Van Robays, Ine - 2014

production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price … volatility. Also the impact of oil shocks on economic activity appears to be significantly stronger in uncertain times …

Persistent link: https://www.econbiz.de/10013065408

Explaining Deviations from Okun's Law

Foroni, Claudia; Furlanetto, Francesco - 2022

with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

Persistent link: https://www.econbiz.de/10014079147

The Cyclicality of Effective Wages Within Employer-Employee Matches : Evidence from German Panel Data

Anger, Silke - 2008

unemployment in a procyclical way. Despite acyclical wage rates, salaried workers without unpaid hours but with income from extra … workers who received overtime payments. The procyclicality of earnings revealed for Germany is of comparable size with the one …

Persistent link: https://www.econbiz.de/10012773491

Identifying the Role of Labor Markets for Monetary Policy in an Estimated DSGE Model

Christoffel, Kai; Küster, Keith; Linzert, Tobias - 2021

We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...

Persistent link: https://www.econbiz.de/10013317584

E pluribus plures: Shock dependency of the USD pass-through to real and financial variables

Ferrari, Massimo Minesso; Gräb, Johannes - 2022

This paper quantifies the pass-through of a US dollar appreciation on trade variables and domestic financial conditions in a panel of 34 countries. Pass-through coefficients are highly shock-dependent: if the appreciation is driven by a US expansionary shock, the positive effects of stronger...

Persistent link: https://www.econbiz.de/10014278393