Similar Search Results

The Relationship between Prices and Output in the UK and the US

Caporale, Guglielmo Maria; Claudio-Quiroga, Gloria; … - 2021

and persistence, especially in the case of CPI. Since the two variables have different degrees of integration in each of … find that the only significant relationship implies the existence of a lagged effect of prices on output in the case of the …

Persistent link: https://www.econbiz.de/10012582033

Non-linearities and fractional integration in the US unemployment rate

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2004

fractionally integrated process, which interacts with some non-linear functions of the labour demand variables (real oil prices and …

Persistent link: https://www.econbiz.de/10010295392

Persistence and Seasonality in the US Industrial Production Index

Caporale, Guglielmo Maria; Gil-Alana, Luis Alberiko; … - 2023

This paper uses a seasonal long-memory model to capture the behaviour of the US Industrial Production Index (IPI) over the period 1919Q1-2022Q4. This series is found to display a large value of the periodogram at the zero, long-run frequency, and to exhibit an order of integration around 1. When...

Persistent link: https://www.econbiz.de/10014469871

Dynamic Factor Models and Fractional Integration – With an Application to US Real Economic Activity

Caporale, Guglielmo Maria; Gil-Alana, Luis Alberiko; … - 2024

-stationary series. This more general setup provides valuable information on the degree of persistence and mean-reverting properties of … their degree of persistence and cyclical behaviour. The results indicate that economic activity in the US is highly …

Persistent link: https://www.econbiz.de/10015175267

On the role of sectoral and national components in the wage bargaining process

Dreger, Christian; Reimers, Hans-Eggert - 2010

idiosyncratic conditions like sectoral productivity and prices, probably due to the ongoing globalization of markets. …

Persistent link: https://www.econbiz.de/10010269817

Cyclicality of real wages in the USA and Germany: New insights from wavelet analysis

Marczak, Martyna; Gómez, Víctor - 2012

This article provides new insights into the cyclical behavior of consumer and producer real wages in the USA and … Germany. We apply two methods for the estimation of the cyclical components from the data: the approach based on the … cyclical patterns over time. From the findings of our study, we can infer that the USA and Germany differ with respect to the …

Persistent link: https://www.econbiz.de/10010309235

Panel Tests for Unit Roots in Hours Worked

Kappler, Marcus - 2006

Hours worked is a time series of interest in many empirical investigations of the macroeconomy. Estimates of macro elasticities of labour supply, for example, build on this variable. Other empirical applications investigate the response of hours worked to a shock to technology on the basis of...

Persistent link: https://www.econbiz.de/10010297530

No coupling, no decoupling, only mutual inter-dependence: Business cycles in emerging vs. mature economies

Siklos, Pierre L. - 2012

Even before the events of the past few years, economists and policy makers were musing about the apparent contradiction between globalization, as it is generally understood, and the seemingly different paths in overall economic activity taken by the emerging and more mature economies of the...

Persistent link: https://www.econbiz.de/10012148672

Sources for regional unemployment disparities in Germany: Lagged adjustment processes, exogenous shocks or both?

Kunz, Marcus - 2009

Chain Reaction Theory of unemployment (CRT). Die Schätzungen zeigen, dass sowohl Anpassungsprozesse als auch exogene Schocks …

Persistent link: https://www.econbiz.de/10010271206

Panel Seasonal Unit Root Test With An Application for Unemployment Data

Reimers, Hans-Eggert; Dreger, Christian - 2004

In this paper the seasonal unit root test of Hylleberg et al. (1990) is generalized to cover a heterogenous panel. The procedure follows the work of Im, Pesaran and Shin (2002). Test statistics are proposed and critical values are obtained by simulations. Moreover, the properties of the tests...

Persistent link: https://www.econbiz.de/10010263471