Structural breaks and regional inflation convergence for five new Euro members

Hegerty, Scott W.

doi:10.1007/s10644-018-9241-x

Cited by 3 publications

(3 citation statements)

References 25 publications

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“…Using the regression quantile, they find higher levels of persistence after 2006 and during the inflation targeting period. Hegerty (2020) study reveals that no Central and Eastern European members have inflation rate with break point that corresponds to Euro adoption. Results also show that CEE members have multiple breaks with final structural breaks occurring in 2013.…”

Section: Literaturementioning

confidence: 90%

“…That is why academia, policy makers, and other concerned stakeholders conduct ex ante or ex post research to investigate theses structural changes in numerous financial and economic variables. Ruch et al (2020), Anguyo et al (2020), Hegerty (2020), Nath and Sarkar (2019), Gil-Alana (2019), Orlowski (2017) examine the break dates and the impact of structural changes on inflation series with regards to other variables. Ruch et al (2020) predict inflation variables using factor-augmented VARs (FAVAR), time-varying parameter vector autoregressive models (TVP-VARs), and structural break models.…”

Section: Literaturementioning

confidence: 99%

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Structural breaks, Twitter, and the stock liquidity of internet Dot-com company: Evidence from US companies

Osabuohien-Irabor

2021

EurJ Appl Econ

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The goal of this paper is to explore relationship between Twitter and stock liquidity of some large US internet Dot-com companies in the presence of unknown structural breaks for the period from September 2019 to April 2020. Using the Andrews-Ploberger and Andrews-Quandt structural break models, we identify the major structural breakpoints in the stock liquidity and find that most of these structural changes are significantly perceived. When we examined the sub periods as well as the full sample, Tweets and likes from most numbers of companies were found not to have links with stock liquidity. These results provide crucial insight into portfolio strategy to both international and local investors.

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Section: Literaturementioning

confidence: 90%

Section: Literaturementioning

confidence: 99%

Structural breaks, Twitter, and the stock liquidity of internet Dot-com company: Evidence from US companies

Osabuohien-Irabor

2021

EurJ Appl Econ

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“…Economic theory states that following the adoption of the euro, convergence of inflation rates in the euro area would become feasible. This approach does not take into account the effects of fixed exchange rates and the different geographical and historical linkages that can lead to different degrees of regional inflation convergence (Hegerty, 2020). The analysis focuses on five Central and Eastern European countries that are members of the euro area and concludes that no inflation in the euro area has a break point that corresponds specifically to euro adoption.…”

Section: Prices and Inflationmentioning

confidence: 99%

Quantifying the Economic Survive Across the Eu Using Markov Probability Chains

Ionescu,

Zlati,

Antohi

et al. 2024

Technological and Economic Development of Economy

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The multiple global crisis has made the economies of the world’s countries, including EU’s economy, vulnerable through the downgrading of the pandemic and the subsequent outbreak of geo-political conflict. These two events had the effect of decelerating the European economy and increasing the poverty level of the population, even that these developments are weaker than in rest of the world. The main objective of the present scientific approach is to identify a risk function based on Markov probability chains and to assess the possibilities of economic recovery through a package of policies structured over different time horizons. The used methods consist of meta-analysis, statistical analysis and geo-spatial and temporal modelling. The results of the study capture the integrated developments of risk-generating macroeconomic elements such as inflation, unemployment, public debt growth in a regionally segregated manner. These elements are useful for supranational decision-makers to increase the economic survival rate after multiple shocks through our proposed policy package.

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Gainers and Losers of Euro Adoption: The Case of the Baltic States

Petrylė,

Bunevičiūtė

2023

International Scientific Conference „Business and Management“

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In this paper we analyse the effects of the adoption of euro on the economies of the three Baltic countries. We employ the difference-in-differences approach to estimate the impact of the currency changeover on the product prices in the Baltic states. We also examine which specific demographic groups of consumers (by their age, education and income levels) were the most sensitive for the currency changeover. Our results suggest that the greatest euro-related price increase in the Baltic countries was related to the products belonging to the 4th and the 5th price quantiles, especially services. We also find that in the Baltic countries consumers groups which reacted to the adoption of euro the most sensitively were better educated people between 30 and 49 years. However, the impact of currency changeover for the consumers seems to be country specific.

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Structural breaks and regional inflation convergence for five new Euro members

Cited by 3 publications

References 25 publications

Structural breaks, Twitter, and the stock liquidity of internet Dot-com company: Evidence from US companies

Structural breaks, Twitter, and the stock liquidity of internet Dot-com company: Evidence from US companies

Quantifying the Economic Survive Across the Eu Using Markov Probability Chains

Gainers and Losers of Euro Adoption: The Case of the Baltic States

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