Testing for overall and cluster convergence of housing rents using robust methodology: evidence from Polish provincial capitals [0.03%]
基于鲁棒方法的房租整体及区域收敛性检验——来自波兰省份首都城市的证据
Mateusz Tomal
Mateusz Tomal
The aim of this paper is to test for overall and cluster convergence of housing rents across Polish provincial capitals and to identify drivers of convergence club formation. In order to achieve the goal of the study, several novel converge...
Stock market returns and oil price shocks: A CoVaR analysis based on dynamic vine copula models [0.03%]
基于动态 Vine Copula 模型的股市收益与油价冲击的系统性风险传染分析
Julia Kielmann,Hans Manner,Aleksey Min
Julia Kielmann
Crude oil plays a significant role in economic developments in the world. Understanding the relationship between oil price changes and stock market returns helps to improve portfolio strategies and risk positions. Kilian (Am Econ Rev 99(3):...
Measuring uncertainty: A streamlined application for the Ecuadorian economy [0.03%]
测度不确定性：应用于厄瓜多尔经济的简化方法
Guillermo Avellán,Manuel González-Astudillo,Juan José Salcedo Cruz
Guillermo Avellán
This paper develops a macroeconomic uncertainty index based on the multistage procedure that combines maximum likelihood and Bayesian estimation methods proposed by Jurado et al. (Am Econ Rev 105(3):1177-1216, 2015). Our approach streamline...
Tosapol Apaitan,Pongsak Luangaram,Pym Manopimoke
Tosapol Apaitan
This paper constructs various measures of domestic and global uncertainty and provides a comprehensive study of their impacts on the Thai economy. Based on a small open economy VAR, global uncertainty delivers deeper and more long-lasting e...
Applications of efficiency and productivity analysis: editors' introduction [0.03%]
效率和生产力分析的应用：编辑介绍
Subal C Kumbhakarⓡ,Emir Malikovⓡ,Christopher F Parmeterⓡ
Subal C Kumbhakarⓡ
Indirect and direct effects of the subprime crisis on the real sector: labor market migration [0.03%]
次级房贷危机对实体经济的间接与直接影响：劳动力市场迁移问题
Thiago Christiano Silva,Fabiano José Muniz,Benjamin Miranda Tabak
Thiago Christiano Silva
The bursting of the US housing bubble in the second half of 2008 triggered an almost unprecedented systemic crisis in the world economy. The financial collapse quickly overflowed into the real economy and caused, among other effects, a shar...
Cross-country connectedness in inflation and unemployment: measurement and macroeconomic consequences [0.03%]
通货膨胀与失业的跨国联动性：测度及宏观经济后果
Binh Thai Pham,Hector Sala
Binh Thai Pham
We bring the notion of connectedness (Diebold and Yilmaz, Int J Forecast 28(1):57-66 2012) to a set of two critical macroeconomic variables as inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data-high-fr...
Dynamic network and own effects on abnormal returns: evidence from China's stock market [0.03%]
基于中国股市的实证研究：动态网络效应与个体效应在异常收益中的作用
Peter H Egger,Jiaqing Zhu
Peter H Egger
This paper addresses the question of how to model the process of abnormal returns on individual stocks. It postulates a framework, where abnormal returns are generated by a process which features two autoregressive components, one stock-spe...
Caitlin T O&#x;Loughlin,Paul W Wilson
Caitlin T O&#x;Loughlin
This paper examines the performance of US municipal governments over 1997-2012, and hence prior to, during and following the financial crisis of 2007-2008. Fully nonparametric methods are employed to estimate technical efficiencies of citie...
Bruno Ćorić,Vladimir Šimić
Bruno Ćorić
The 2007-2008 global financial crisis has spurred an increasing interest for investigating the financial and macroeconomic effects of the rare but extremely large economic crises, the so-called economic disasters. Current literature on the ...