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Global Factors, Unemployment Adjustment and the Natural Rate
Smith, Ron P.; Gylfi, Zoega - 2006
OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a range of common patterns. Using a panel of 21 OECD countries 1960-2002, we estimate the common factor that drives unemployment by the first principal component. This factor has...
Persistent link: https://www.econbiz.de/10010276738
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Global Factors, Unemployment Adjustment and the Natural Rate
Smith, Ron P.; Zoega, Gylfi - 2007
OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a range of common patterns. Using a panel of 21 OECD countries 1960-2002, we estimate the common factor that drives unemployment by the first principal component. This factor has...
Persistent link: https://www.econbiz.de/10010295256
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Global Factors, Unemployment Adjustment and the Natural Rate
Smith, Ron P.; Zoega, Gylfi - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-22, pp. 1-29
OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a range of common patterns. Using a panel of 21 OECD countries 1960-2002, we estimate the common factor that drives unemployment by the first principal component. This factor has...
Persistent link: https://www.econbiz.de/10010295319
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The impact of macroprudential policies on capital flows in CESEE
Eller, Markus; Hauzenberger, Niko; Huber, Florian; … - 2021
In line with the recent policy discussion on the use of macroprudential measures to respond to crossborder risks arising from capital flows, this paper tries to quantify to what extent macroprudential policies (MPPs) have been able to stabilize capital flows in Central, Eastern and Southeastern...
Persistent link: https://www.econbiz.de/10012653455
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Domestic and Global Output Gaps as Inflation Drivers: What Does the Phillips Curve Tell?
Jašová, Martina; Moessner, Richhild; Takáts, Előd - 2018
We study how domestic and global output gaps affect CPI inflation. We use a New-Keynesian Phillips curve framework which controls for nonlinear exchange rate movements for a panel of 26 advanced and 22 emerging economies covering the 1994Q1-2017Q4 period. We find broadly that both global and...
Persistent link: https://www.econbiz.de/10011932087
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Food prices response to global and national factors: Evidence beyond asymmetry
Derindag, Omer Faruk; Chang, Bisharat Hussain; Gohar, Raheel - In: Cogent Economics & Finance 11 (2023) 1, pp. 1-23
The current series of studies examine how local food prices are affected by domestic and international factors. This research advances the existing body of knowledge by examining this effect at different quantiles, frequencies, and times. We use research data from January 1999 to August 2022...
Persistent link: https://www.econbiz.de/10015074938
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The global factors driving common inflation in ASEAN
Nhan, Le P. A. - In: Global Business & Finance Review (GBFR) 28 (2023) 4, pp. 90-103
Purpose: This study investigates the comovements of inflation across ASEAN countries and identifies the global factors driving the common inflation dynamics of the region. Design/methodology/approach: The study uses a two-step approach. The dynamic latent factor model is first employed to...
Persistent link: https://www.econbiz.de/10015098774
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Dependence and Population Ageing
Jackson, William A. - In: Dependency to Enterprise, (pp. 132-140). 1991
Population ageing has often been summarised through rising old-age dependence ratios. Age is therefore perceived as a … source of dependence, which supposedly causes economic problems. While these perceptions seem intuitive, they are open to … query and may be misleading. The current chapter looks at how we define dependence, how it relates to ageing, and whether it …
Persistent link: https://www.econbiz.de/10013363196
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A model of manufacturer-driven governing mechanisms and distributor performance
Sachdev, Harash J.; Merz, Russell G. - In: jbm - Journal of Business Market Management 5 (2012) 1, pp. 21-41
Drawing from relational exchange, dependence, and agency theories the authors explain that it is not only the type of … performance. Dependence affected relationship continuity positively. Monitoring affected the second order relational norm … continuity. Dependence, relationship continuity, monitoring, and relational norm affected distributor performance positively. …
Persistent link: https://www.econbiz.de/10010308921
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Non-parametric transformation regression with non-stationary data
Linton, Oliver; Wang, Qiying - 2013
We examine a kernel regression smoother for time series that takes account of the error correlation structure as proposed by Xiao et al. (2008). We show that this method continues to improve estimation in the case where the regressor is a unit root or near unit root process.
Persistent link: https://www.econbiz.de/10010318720