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Weitere Publikationen der WIFO-Mitarbeiterinnen und -Mitarbeiter

Die umfangreiche Publikationstätigkeit der Mitarbeiterinnen und Mitarbeiter des WIFO dokumentiert die enge Vernetzung mit der internationalen Scientific Community.

Weitere Publikationen: Marcus Scheiblecker(9 Treffer)

Marcus Scheiblecker, Modelling Short-run Money Demand for the US

Applied Economics and Finance, 2017, (5), S.9-20, http://redfame.com/journal/index.php/aef/issue/view/115
There is a vast amount of empirical evidence concerning the cointegrating relationship between money demand, some kind of interest rate and income. In contrast to this, short-run dynamics are still opaque. In the existing literature, the return to steady state is modelled quite differently. The range goes from simple error correction models to non-linear approaches. Here a method is proposed for considering not only disequilibria between money demand and its steady state of only the last period but also those of the recent past in a parsimonious and economically meaningful way. Different to multicointegration, weights for cumulating steady-state deviations are geometrically decreasing the more they are located in the past. This model possesses an ARMA (1,1) representation and leads to an ARMAX model if combined with a conventional error correction model. This approach is shown to track money demand short-run dynamics better and more parsimoniously than partial-adjustment models.
 

Marcus Scheiblecker, Modelling Short-run Money Demand for the US

Applied Economics and Finance, 2017, (5), S.9-20, http://redfame.com/journal/index.php/aef/article/view/2575
There is a vast amount of empirical evidence concerning the cointegrating relationship between money demand, some kind of interest rate and income. In contrast to this, short-run dynamics are still opaque. In the existing literature, the return to steady state is modeled quite differently. The range goes from simple error correction models to non-linear approaches. We herewith propose a method for considering not only disequilibria between money demand and its steady state for the last period only, but also for such of the recent past in a parsimonious and economically meaningful way. As different from multicointegration, weights for cumulating steady-state deviations are geometrically decreasing, the more they are located in the past. This model possesses an ARMA (1,1) representation and leads to an ARMAX model, if combined with a conventional error correction model. This approach is shown to track money demand short-run dynamics better and more parsimoniously than partial-adjustment models.
 

Marcus Scheiblecker, Fällt Österreichs Wirtschaft dauerhaft zurück?

Die Stimmen unter Ökonominnen und Ökonomen mehren sich, die meinen, dass Österreichs Wirtschaft massive Strukturprobleme habe, die das Wachstum dauerhaft schmälern. Dieser Beitrag weist darauf hin, dass es sich hierbei vielfach um Sonderfaktoren handelt, die fälschlicherweise als Strukturprobleme interpretiert wurden.
 

Marcus Scheiblecker, Außenwirtschaftliche Ungleichgewichte in Europa verringern sich

Wirtschaftspolitische Blätter, 2013, (2), S.313-326
 

Marcus Scheiblecker, The Austrian Business Cycle in the European Context

Forschungsergebnisse der Wirtschaftsuniversität Wien, 2008, (25), 207 Seiten
 
Online seit: 10.11.2015 10:30
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