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The Taylor Rule, Wealth Effects and the Exchange Rate
(Wiley, 2016)
In this study, we develop the Taylor rule and Taylor rule-based exchange rate models that consider wealth effects as represented by both asset prices and asset wealth. Using data for Australia, Sweden, the UK and the USA, ...
The dynamics pattern of price dispersion in retail fuel markets
(Elsevier, 2018-08)
This paper empirically investigates the dynamics of price dispersion in retail fuel
markets as
a
response to
the
corresponding wholesale price changes.
For
this purpose
we take advantage ...
Modelling Time-Varying Parameters in Panel Data State-Space Frameworks: An Application to the Feldstein–Horioka Puzzle
(Springer, 2019)
In this paper, we develop a very flexible and comprehensive state-space framework for modeling time series data. Our research extends the simple canonical model usually employed in the literature, into a panel-data ...
Euro, crisis and unemployment: Youth patterns, youth policies?
(Elsevier, 2016)
This paper examines the occurrence of structural breaks in European unemployment associated with major institutional events. We uncover different responses of adult and youth unemployment rates. While adult unemployment ...
Growth in a time of external imbalances
(Elsevier, 2018-12-28)
Globalization and financial integration have increased in the last three decades giving rise to
cumulated large external imbalances. The question we address in this paper is whether
economic growth ...
The evolution and heterogeneity of credit procyclicality in Central and Eastern Europe
(John Wiley and SonsWiley, 2020-09-06)
This article presents empirical estimates of bank credit procyclicality for a sample of 11 Central and Eastern European countries (CEECs) for the period 2000Q1–2016Q4. In the first step, we estimate a traditional‐type panel ...
Banking sector concentration, competition and financial stability: the case of the Baltic countries
(Taylor & Francis, 2019)
This paper empirically assesses the potential nonlinear relationship between competition and bank risk for a sample of commercial banks in the Baltic countries over the period 2000–2014. Competition is measured by two ...
Japan's FDI drivers in a time of financial uncertainty. New evidence based on Bayesian Model Averaging
(Elsevier, 2021-01-22)
In this paper we analyse the determinants of Japanese outward FDI stock for the period 1996–2017. This period is especially relevant as it covers a process of increasing economic globalization and two financial crises. To ...
Changes in sovereign debt dynamics in Central and Eastern Europe
(Wiley, 2019-05)
The aim of this paper is to shed some light on the degree of sustainability of fiscal debt for a group of Central and Eastern European countries. We apply a battery of time series econometrics methods to show how the ...
Has the current account broken up with its fundamentals in Central and Eastern Europe?
(John Wiley and Sons, 2021-01-26)
Substantial capital outflows across Europe following the 2007/8 Global Financial Crisis and 201 European Sovereign Debt crisis raise concerns regarding potential capital outflows from the economies of Central and Eastern ...