Financial sector-output dynamics in the euro area non-linearities reconsidered

We analyze the feedback mechanisms between economic downturns and financial stress for euro area countries. Our study employs newly constructed financial condition indices that incorporate extensively banking variables. We apply a nonlinear Vector Smooth Transition Autoregressive (VSTAR) model for i...

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Bibliographic Details
Authors and Corporations: Schleer, Frauke, Semmler, Willi (Author)
Other Authors: Semmler, Willi
Type of Resource: E-Book
Mannheim: ZEW, 2013
Series: Zentrum für Europäische Wirtschaftsforschung: ZEW discussion papers ; 13-068
Source:Verbunddaten SWB
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