Due to their indeterminacies, static and dynamic factor models require identifying assumptions to guarantee uniqueness of the parameter...

This paper analyzes the costs of housing crises in terms of GDP growth and the economic conditions under which crises are particularly costly....

Using Bayesian methods, we analyze whether a volatility reduction as sharp as documented for growth of U.S. gross domestic product (GDP) in...

There exists a wide literature starting by Hess and Iwata (1997) on the issue whether nonlinear time series models are needed to reproduce...

The analysis of sharp and persistent reductions of current account deficits, which can be characterized as the transition from an...

Farmer and Wendner [Farmer, K., Wendner R., 2004. Dynamic multi-sector CGE modeling and the specification of capital. Structural Change and...

Considering latent heterogeneity is of special importance in non-linear models in order to gauge correctly the effect of explanatory variables...

Government bond spreads increased rapidly during the financial turmoil in the euro area. In general, government bond spreads in the euro area...

Due to their indeterminacies, static and dynamic factor models require identifying assumptions to guarantee uniqueness of the parameter...

Despite the single currency, yields on government bonds in the Euro Area deviate from German bond yields. These bond spreads are usually...

Due to their well-known indeterminacies, factor models require identifying assumptions to guarantee unique parameter estimates. For Bayesian...

This paper analyzes the costs of housing crises in terms of GDP growth and the economic conditions under which crises are particularly costly....