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Asymmetry and the problem of aggregation in the euro area
Mayes, David G.; Virén, Matti - 2000
This paper highlights the implications for EU macroeconomic policy at a relatively disaggregated level when key economic relationships are nonlinear or asymmetric.Using data for the EU and OECD countries we show that there are considerable non-linearities and asymmetries in the Phillips and Okun...
Persistent link: https://www.econbiz.de/10012147796
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Asymmetry and the Problem of Aggregation in the Euro Area
Mayes, David G; Virén, Matti - Suomen Pankki - 2000
This paper highlights the implications for EU macroeconomic policy at a relatively disaggregated level when key economic relationships are nonlinear or asymmetric. Using data for the EU and OECD countries we show that there are considerable non-linearities and asymmetries in the Phillips and...
Persistent link: https://www.econbiz.de/10005190752
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Monetary policy problems for currency unions : asymmetry and the problem of aggregation in the euro area
Mayes, David G.; Virén, Matti E. E. - In: Economic modelling 22 (2005) 2, pp. 219-251
Persistent link: https://www.econbiz.de/10002636860
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New Keynesian NAIRU and the Okun law : an application for Colombia
Amador-Torres, J. Sebastián - 2018
Persistent link: https://www.econbiz.de/10011870401
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Keynesian macrodynamics and the Phillips curve : an estimated model for the US economy
Chen, Pu; Chiarella, Carl; Flaschel, Peter; Semmler, Willi - In: Quantitative and empirical analysis of nonlinear …, (pp. 229-284). 2006
Persistent link: https://www.econbiz.de/10003324045
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Asymmetry and the Problem of Aggregation in the Euro Area.
Mayes, D.G.; Viren, M. - 2000
This paper highlights the implications for EU macroeconomic policy at a relatively disaggregated level when key economic relationships are nonlinear or asymmetric. Using data for the EU and OECD countries we show that there are considerable non-linearities and asymmetries in the Phillips and...
Persistent link: https://www.econbiz.de/10005660781
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Asymmetry and the problem of aggregation in the euro area
Mayes, David G.; Virén, Matti E. E. - 2000
Persistent link: https://www.econbiz.de/10001513438
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Asymmetry and the problem of aggregation in the Euro area
Mayes, David G.; Virén, Matti E. E. - In: Empirica : journal of european economics 29 (2002) 1, pp. 47-73
Persistent link: https://www.econbiz.de/10001658492
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Asymmetry and the Problem of Aggregation in the Euro Area
Mayes, David G.; Virén, Matti E. E. - 2003
in these relationships and in IS curves across not just countries but also sectors and regions. Key words: aggregation …, asymmetry, monetary policy, nonlinear models, Okun curve, Phillips curve …
Persistent link: https://www.econbiz.de/10014115277
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The asymmetric effects of Tunisian monetary policy: a threshold vector autoregressive approach
Zghidi, Nahed - In: International Journal of Economics and Business Research 4 (2012) 4, pp. 363-373
threshold vector autoregressive model. Two kinds of asymmetry are investigated: asymmetry related to the phase of the business … cycle and asymmetry related to the direction of the monetary policy action. The generalised impulse response functions from … different initial states of the economy. Little evidence is found of any asymmetry related to the direction of the policy action. …
Persistent link: https://www.econbiz.de/10010669616