Showing 1 - 10 of 118
Money growth in the euro area has exceeded its target since 2001. Likewise, recent empirical studies did not find …, a rise in the income elasticity after 2001 is taken into account. The break might be linked to the introduction of euro …
Persistent link: https://www.econbiz.de/10003726115
Monetary growth in the euro area has exceeded its target level especially since 2001. Likewise, recent empirical …
Persistent link: https://www.econbiz.de/10003304393
We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by means of first and second generation panel unit root tests. While the former tests assume independent cross sections, the latter control for dependencies. The first generation tests...
Persistent link: https://www.econbiz.de/10003304447
The accumulation of the human capital stock plays a key role to explain the macroeconomic performance across regions. However, despite the strong theoretical support for this claim, empirical evidence has been not very convincing, probably because of the low quality of the data. This paper...
Persistent link: https://www.econbiz.de/10003793935
Persistent link: https://www.econbiz.de/10003797126
We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model … decades in the euro area and the US. Ongoing business cycle convergence often detected in a country data is not confirmed at … the regional level. The degree of synchronization across the euro area is similar to that to be found for the US states …
Persistent link: https://www.econbiz.de/10003807457
euro area. To control for international spillovers, global VARs are also considered. Differences in the results can provide …
Persistent link: https://www.econbiz.de/10003807460
Persistent link: https://www.econbiz.de/10003818904
Persistent link: https://www.econbiz.de/10003893627
Persistent link: https://www.econbiz.de/10003423895