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Asymmetric Shocks in the Euro Area: Convergence or Divergence? [PDF]
International Journal of Management and Economics, 2017 The degree of structural divergence in the Euro Area is examined on the basis of the frequency and distribution of observed asymmetric shocks over the period 1996–2015.
Rosati Dariusz K.
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ASYMMETRIC EFFECTS OF MONETARY SHOCKS ON OUTPUT [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2001 This paper tests whether positive and negative monetary shocks have symmetric effects on output growth. The new classical models imply symmetric effects. While new Keynesian models predict asymmetric effects. New Keynesians argue credit rationing and the
Seyed Ahmad Reza Jalali Naieni +1 more
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Ekonomika, 2022 This study examines the factors affecting exchange rate fluctuations in Turkey by employing the quarterly data from 2008 to 2020. In this context, linear and nonlinear unit root tests were used to determine the stationarity levels of the variables. Then,
Ali Çeli̇k
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The Exchange Rate, Asymmetric Shocks and Asymmetric Distributions [PDF]
SSRN Electronic Journal, 2015 Abstract The elasticity of exports to exchange rate fluctuations has been the subject of a large body of literature without a clear consensus emerging. Using a novel sector-level dataset based on firm level information, we show that exchange rate elasticities double in size when country and sector specific firm productivity distributions are ...
Demian, Calin-Vlad, di Mauro, Filippo
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Economies, 2022 This study explores the asymmetric impact of oil supply and demand shocks on the sectoral stock market returns of Pakistan. For this purpose, the study uses the non-linear autoregressive distributed lag (ARDL) approach based on monthly time series data ...
Basit Ali +4 more
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Asymmetric Shocks in Contests: Theory and Experiment
SSRN Electronic Journal, 2022 Under optimal tournament design, equilibrium effort is invariant to the shape of the mean-zero additive stochastic component, often referred to as a “shock†or “noiseâ€. We report data from laboratory experiments providing the first test of this prediction. Consistent with theory, we find that average effort does not significantly differ between a
Jian Song, Daniel Houser
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The Asymmetric Effects of Uncertainty Shocks [PDF]
SSRN Electronic Journal, 2020 This study evaluates the effects of financial uncertainty shocks in the US, investigating the role of the monetary policy stance. Estimating a nonlinear Vector Autoregressive, we find that an uncertainty shock triggers asymmetric and negative effects across the business cycle.
Alessia Paccagnini, Valentina Colombo
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Asymmetric Shocks Inside Future EMU [PDF]
Journal of Economic Integration, 1997 In this paper, we focus on the issue of shocks asymmetries in the future Euro pean Monetary Union. Relying on the technique of codependence developed by G o u r i e r oux and Peaucelle [1989, 1993], we propose a new method which, unlike the analysis of Bayoumi and Eichengreen [1992], does not require any arbitrary restrictions.
Beine, Michel, Hecq, Alain
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Energy Reports, 2021 The causality between stock and oil prices is investigated for both conventional and Islamic stock markets in this study. The data set used in the study is 4338 daily closing prices between the 31st of December 2002 and the 27th of July 2020.
Vedat Ender Tuna +2 more
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Energies, 2022 This paper aims to explore the dynamic relationships between the crude oil price (shocks) and investor sentiment. Specifically, this paper utilizes web crawler to construct Chinese investor sentiment index.
Zhenghui Li, Zimei Huang, Pierre Failler
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