Essays about: "asymmetric panel VECM"

Found 1 essay containing the words asymmetric panel VECM.

  1. 1. Current Account Imbalances: Signs of Adjustment?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Philipp Fuchs; [2015]
    Keywords : dynamic ordinary least squares; panel cointegration; Current account imbalances; asymmetric panel VECM; threshold effects; Business and Economics;

    Abstract : Global external imbalances are commonly labelled as one of the main reasons for the Global Financial Crisis. This paper investigates these imbalances and determines current account equilibria for 21 OECD countries. Subsequently, we measure the speed of adjustment to the calculated equilibrium values and test for asymmetric adjustment effects. READ MORE