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Easterlin, Richard A.; O'Connor, Kelsey J. - 2023

In Europe differences among countries in the overall change in happiness since the early 1980s have been due chiefly to the generosity of welfare state programs - increasing happiness going with increasing generosity and declining happiness with declining generosity. This is the principal...

Persistent link: https://www.econbiz.de/10013502264

A utilitarian measure of economic growth

Usher, Dan - 2016 - Latest version March 1, 2016

A utilitarian measure of economic growth combines changes in the distribution of income with changes in real income per person to show how much better off people are becoming over time. It is the rate of growth of the dollar value of average utility of income. As such , it is seen differently by...

Persistent link: https://www.econbiz.de/10011433520

Nonstationary-volatility robust panel unit root tests and the great moderation

Hanck, Christoph; Czudaj, Robert - 2013

volatility process of the innovations of the panel time series into account. Nonstationarity volatility arises for instance when … unit roots that is, unlike many previously suggested tests, robust to such volatility processes. The panel test is based on … from sometimes severe size distortions in the presence of nonstationary volatility, and that this defect can be remedied …

Persistent link: https://www.econbiz.de/10009779045

Precautionary Savings and Global Imbalances in World General Equilibrium

Sandri, Damiano - 2011

assumed to differ only with respect to GDP volatility which is calibrated based on the 1980-2008 period. The model predicts a … asset holdings. While heterogeneity in GDP volatility may lead to large imbalances in international investment positions …

Persistent link: https://www.econbiz.de/10014399356

Output growth and employment fluctuations

Hercowitz, Zvi; Sampson, Michael J. - 1987

Persistent link: https://www.econbiz.de/10000760618

Tracking the slowdown in long-run GDP growth

Antolin-Diaz, Juan; Drechsel, Thomas; Petrella, Ivan - 2016

Persistent link: https://www.econbiz.de/10011480426

Dynamics of real per capita GDP

Neuhoff, Daniel - 2015 - This Version: August 7, 2015

This study investigates the dynamics of quarterly real GDP per capita growth rates across four countries, the US, UK, Canada and France. I obtain estimates for ARIMA(p,q) processes for first differences of log quarterly real GDP per capita using Reversible Jump Markov Chain Monte Carlo, allowing...

Persistent link: https://www.econbiz.de/10011309627

Tracking the slowdown in long-run GDP growth

Antolin-Diaz, Juan; Drechsel, Thomas; Petrella, Ivan - 2016 - This draft: January 25, 2016

Persistent link: https://www.econbiz.de/10012171739

A nowcasting model for the growth rate of real GDP of Ecuador : implementing a time-varying intercept

González-Astudillo, Manuel; Baquero, Daniel - 2018

This paper proposes a model to nowcast the annual growth rate of real GDP for Ecuador. The specification combines monthly information of 28 macroeconomic variables with quarterly information of real GDP in a mixed-frequency approach. Additionally, our setup includes a time-varying mean...

Persistent link: https://www.econbiz.de/10011932302

Searching for hysteresis

Benati, Luca; Lubik, Thomas A. - 2021

We search for the presence of hysteresis, which we define as aggregate demand shocks that have a permanent impact on real GDP, in the U.S., the Euro Area, and the U.K. Working with cointegrated structural VARs, we find essentially no evidence of such effects. Within a Classical statistical...

Persistent link: https://www.econbiz.de/10012437679