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

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

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

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

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

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

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

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

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

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

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