A central assumption for identifying structural shocks in vector autoregressive (VAR) models via heteroskedasticity is the time-invariance of the impact effects of the shocks. It is shown how that assumption can be tested when long-run restrictions are available for identifying structural shocks. The importance of performing such tests is illustrated by investigating the impact of fundamental shocks ...
This paper assesses the role of the housing market in the transmission of monetary policy across euro area regions. By exploiting a novel regional dataset on housing-related variables, a structural panel VAR analysis shows that conventional and unconventional monetary policy shocks propagate effectively to the economy, particularly to the housing sector, albeit in a heterogeneous fashion across regions. ...
SOEP-Studie zeigt: Migrant*innen ohne Fluchthintergrund tätigen häufiger Geldtransfers als Geflüchtete – Wahrscheinlichkeit für Geldüberweisungen sinkt, je größer der Haushalt und je geringer die Rückkehrabsicht ist – Rolle von Auslandsüberweisungen sollte neu bewertet werden, zumal sie auch wichtigen Beitrag zur Entwicklungshilfe in Heimatländern leisten Nur sieben Prozent der Geflüchteten senden ...
