Cross-effects of fundamental state variables
Article Abstract:
This research is concerned with the transmission of shocks among fundamental state variables such as the stance of monetary policy, risk premia, and real output, as well as the S&P stock market index. The paper employs the newly developed technique of generalized impulse response analysis (Koop, et al. 1996; Pesaran and Shin 1998), a method that is particularly well-suited to examine these interrelations because it does not impose a priori restrictions as to the relative importance each of these variables may play in the transmission process. The results identify important cross-effects among these factors as measured by their responses to unanticipated changes to each of the variables within the system.
Publication Name: Journal of Macroeconomics
Subject: Economics
ISSN: 0164-0704
Year: 2001
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Migration, remittances, and male and female employment patterns
Article Abstract:
Effects of international remittance flow on male and female labor supplies in rural and urban regions are presented.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2006
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