Economy Under the Spell of the Coronavirus Epidemic The epidemic is obstructing the economic recovery in Germany. If the...
Info Graphs Sometimes pictures say more than a thousand words. Therefore, we selected...
Centre for Evidence-based Policy Advice
Centre for Evidence-based Policy Advice (IWH-CEP) ...
The CompNet Competitiveness Database The Competitiveness Research Network (CompNet)...
Inference in Structural Vector Autoregressions when the Identifying Assumptions are not Fully Believed: Re-evaluating the Role of Monetary Policy in Economic Fluctuations
Journal of Monetary Economics,
Point estimates and error bands for SVARs that are set identified are only justified if the researcher is persuaded that some parameter values are a priori more plausible than others. When such prior information exists, traditional approaches can be generalized to allow for doubts about the identifying assumptions. We use information about both structural coefficients and impacts of shocks and propose a new asymmetric t-distribution for incorporating information about signs in a nondogmatic way. We apply these methods to a three-variable macroeconomic model and conclude that monetary policy shocks are not the major driver of output, inflation, or interest rates.
Data Protection Policy ...
The maths behind gut decisions First carefully weigh up the costs and benefits and then make a rational...
Transformation tables for administrative borders in Germany
Transformation tables for administrative borders in Germany The state has the ability...
Transformation tables for administrative borders in Germany – data In order to...