Energy consumption in the US reconsidered. Evidence across sources and economic sectors [PDF]
, 2017 This study analyzes the impact of GDP shocks in USA on primary energy consumption and the reverse impact in a comprehensive and novel framework, distinguishing by economic sectors (commercial, industrial, residential and transportation) and energy source,
Carmona, Mónica +3 more
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"Housing Prices and Fundamentals: The Role of a Supply Shifter." [PDF]
The present paper empirically investigates the cointegrating relation between housing prices and economic fundamental variables in the US housing market.
Nazif Durmaz
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Money laundry and financial development [PDF]
This study is the novel in analyzing the relationship between money laundry and financial development and also the contribution of financial development in promoting for the occurrence of illegal transactions originated from domestic or foreignmarket ...
Buscemi, Antonino, Yallwe, Alem Hagos
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ESTIMATING THE SIZE OF ROMANIAN SHADOW ECONOMY USING THE CURRENCY DEMAND APPROACH [PDF]
In this paper, we estimate the size and the evolution of the Romanian shadow economy in the period 1998Q1-2008Q4, using a vector error correction model. A special attention it was given to the problem of non-stationarity and cointegration.
ALEXANDRU ADRIANA ANAMARIA +2 more
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Is There a Brazilian J-Curve? [PDF]
We show that Marshall-Lerner condition holds for Brazilian trade balance, and discard a J-curve in the short run. We present these results using impulse-response functions in a variety of (linear and nonlinear) models, including Markov-switching, vector ...
Guilherme Moura, Sergio Da Silva
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The size of the underground economy in Japan [PDF]
This paper empirically analyzes the size of the underground economy in Japan. The results show that (i) the size of the underground GDP peaked in the early 1990s but has been declining since; (ii) the underground economy reached its peak in around 1992 ...
Hamori, Shigeyuki, Kanao, Koji
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Sentiment in foreign exchange markets: Hidden fundamentals by the back door or just noise? [PDF]
Foreign exchange markets have to deal next to hard facts with lots of expectations and emo-tions. One of the major puzzles in international finance remains the “exchange rate discon-nect puzzleâ€.
Rafael R. Rebitzky
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The Effects of International F/X Markets on Domestic Currencies Using Wavelet Networks: Evidence from Emerging Markets [PDF]
This paper proposes a powerful methodology wavelet networks to investigate the effects of international F/X markets on emerging markets currencies.
Cifter, Atilla, Ozun, Alper
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Asymmetric generalized impulse responses and variance decompositions with an application [PDF]
This paper introduces asymmetric impulse response functions and asymmetric variance decompositions. It is shown how the underlying variables can be transformed into cumulative positive and negative changes in order to estimate the impulses to an ...
Hatemi-J, Abdulnasser
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Long and Short-Run Determinants of Money Demand in New Zealand: Evidence from Cointegration Analysis [PDF]
The existence of a stable demand for money is very important for the conduct of monetary policy even in this new era of inflation targeting. It is argued that previous work on the demand for money in New Zealand has been either not very satisfactory in a
Abbas Valadkhani
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