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Real wages and the business cycles in Germany

Marczak, Martyna; Beissinger, Thomas - 2010

This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...

Persistent link: https://www.econbiz.de/10010274586

Inflation, Minimum Wage and Other Wages: An Econometric Study on French Macroeconomic Data

L'Horty, Yannick; Rault, Christophe - 2003

. Two periods are distinguished: the period of inflation rise from 1970 to 1981, which coincides with an important squeeze …

Persistent link: https://www.econbiz.de/10010261586

Implementing the Panel Event Study

Clarke, Damian; Schythe, Kathya Tapia - 2020

practical considerations for its estimation. We describe a Stata command eventdd that allows for simple estimation, inference …

Persistent link: https://www.econbiz.de/10012270202

Inflation Adjustment and Labour Market Structures : Evidence from a Multi-Country Study

Nunziata, Luca; Bowdler, Christopher - 2005

An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … inflation to its reduced form determinants. These findings are attributed to the behaviour of wages following movements in …

Persistent link: https://www.econbiz.de/10010262222

Examining the Impact of Macro-Economic Conditions on Income Inequality

Jäntti, Markus; Jenkins, Stephen P. - 2001

and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …

Persistent link: https://www.econbiz.de/10010262571

Google econometrics and unemployment forecasting

Askitas, Nikolaos; Zimmermann, Klaus F. - 2009

The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...

Persistent link: https://www.econbiz.de/10010269318

Exponent of cross-sectional dependence: Estimation and inference

Bailey, Natalia; Kapetanios, George; Pesaran, Hashem - 2012

An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...

Persistent link: https://www.econbiz.de/10010282124

The US inflation-unemployment tradeoff: methodological issues and further evidence

Karanassou, Marika; Sala, Héctor - 2009

chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation …

Persistent link: https://www.econbiz.de/10010276468

Counterfactual analysis in macroeconometrics: An empirical investigation into the effects of quantitative easing

Pesaran, M. Hashem; Smith, Ron P. - 2012

This paper is concerned with ex ante and ex post counterfactual analyses in the case of macroeconometric applications where a single unit is observed before and after a given policy intervention. It distinguishes between cases where the policy change affects the model's parameters and where it...

Persistent link: https://www.econbiz.de/10010287633

The Pass-Through of Exchange Rate in the Context of the European Sovereign Debt Crisis

Ben Cheikh, Nidhaleddine; Rault, Christophe - 2015

This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...

Persistent link: https://www.econbiz.de/10011401735