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Hysteresis in the Kaleckian growth model: a Bayesian analysis for the US manufacturing sector from 1984 to 2007

Schoder, Christian - Department of Economics, New School for Social Research - 2012

Persistent link: https://www.econbiz.de/10011168843

Nonlinearities in exchange rate determination in a small open economy: Some evidence for Canada

Kempa, Bernd; Riedel, Jana - In: The North American Journal of Economics and Finance 24 (2013) C, pp. 268-278

We analyze bilateral Canadian-US dollar exchange rate movements within a Markov switching framework with two states, one in which the exchange rate is determined by the monetary model, and the other in which its behavior follows the predictions of a Taylor rule exchange rate model. There are a...

Persistent link: https://www.econbiz.de/10010617255

Bayesian non-linear modellings of the short term US interest rate: the help of non-parametric tools

LUBRANO, Michel - Center for Operations Research and Econometrics (CORE), … - 2000

This paper is concerned with the empirical investigation of models of the US short term interest rate, using a mixture of classical non-parametric methods and of Bayesian parametric methods. The shape of the drift and volatility functions of the usual diffusion equation are first investigated...

Persistent link: https://www.econbiz.de/10005043492

Is there a Homogeneous Causality Pattern between Oil Prices and Currencies of Oil Importers and Exporters?

Beckmann, Joscha; Czudaj, Robert - 2013

Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction … between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In … important causality runs from exchange rates to oil prices, with a depreciation of the dollar triggering an increase in oil …

Persistent link: https://www.econbiz.de/10010319369

Is inflation persistence intrinsic in industrial economies?

Levin, Andrew T.; Piger, Jeremy M. - 2004

We apply both classical and Bayesian econometric methods to characterize the dynamic behavior of inflation for twelve industrial countries over the period 1984-2003, using four different price indices for each country. In particular, we estimate a univariate autoregressive (AR) model for each...

Persistent link: https://www.econbiz.de/10011604380

Inflation Target Shocks and Monetary Policy Inertia in the Euro Area

Fève, Patrick; Matheron, Julien; Sahuc, Jean-Guillaume - Université Paris-Dauphine (Paris IX) - 2010

The euro area as a whole has experienced a marked downward trend in inflation over the past decades and, concomitantly, a protracted period of depressed activity. Can permanent and gradual shifts in monetary policy be held responsible for these dynamics? To answer this question, we embed...

Persistent link: https://www.econbiz.de/10011166314

Is there a homogeneous causality pattern between oil prices and currencies of oil importers and exporters?

Beckmann, Joscha; Czudaj, Robert - In: Energy Economics 40 (2013) C, pp. 665-678

Persistent link: https://www.econbiz.de/10010868790

Monetary policy shocks, expectations and information rigidities

Beckmann, Joscha; Czudaj, Robert - 2018

This paper contributes to the literature by assessing expectation effects from monetary policy for the G7 economies. We consider a sample period running from 1995M1 to 2016M6 based on a panel VAR framework, which accounts for international spillovers and time-variation. Relying on a broad set of...

Persistent link: https://www.econbiz.de/10011853950

Monetary policy shocks, expectations and information rigidities

Czudaj, Robert; Beckmann, Joscha - 2018

Persistent link: https://www.econbiz.de/10011892078

Inflation Target Shocks and Monetary Policy Inertia in the Euro Area

Fève, P.; Matheron, J.; Sahuc, J-G. - Banque de France - 2009

The Euro area as a whole has experienced a marked downward trend in inflation over the past decades and, concomitantly, a protracted period of depressed activity. Can permanent and gradual shifts in monetary policy be held responsible for these dynamics? To answer this question, we embed...

Persistent link: https://www.econbiz.de/10008556976