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Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in...
Persistent link: https://www.econbiz.de/10003794104
Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in...
Persistent link: https://www.econbiz.de/10003889489
Persistent link: https://www.econbiz.de/10008665545
This paper examines the long-run relationship between energy consumption and real GDP, including energy prices, for 25 … developments dominate the long-run relationship between energy consumption and real GDP. Furthermore, the results suggest that … energy consumption is price-inelastic. Causality tests indicate the presence of a bi-directional causal relationship between …
Persistent link: https://www.econbiz.de/10003974670
This paper examines the long-run relationship between energy consumption and real GDP, including energy prices, for 25 … developments dominate the long-run relationship between energy consumption and real GDP. Furthermore, the results suggest that … energy consumption is price-inelastic. Causality tests indicate the presence of a bi-directional causal relationship between …
Persistent link: https://www.econbiz.de/10003975447
Persistent link: https://www.econbiz.de/10009383055
Am 1. Juli 2009 tritt die Neuregelung der Kfz-Steuer in Kraft. Die Besteuerung der Neufahrzeuge wird sich dann zum Teil nach dem Kohlendioxidausstoß und zum Teil nach dem Hubraum der Fahrzeuge richten. Wie ist die Reform zu beurteilen? Nach Ansicht von Ferdinand Dudenhöffer, Center Automotive...
Persistent link: https://www.econbiz.de/10003819024
Persistent link: https://www.econbiz.de/10001252177
Hinsicht vergleichen wir die Auswirkungen eines Unsicherheitsschocks in den USA und der Eurozone. Unseren Ergebnissen zufolge …
Persistent link: https://www.econbiz.de/10011640939
Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...
Persistent link: https://www.econbiz.de/10012110907