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  1. Monetary conditions and banks' behaviour in the Czech Republic
    Autor*in: Gersl, Adam; Jakubík, Petr; Kowalczyk, Dorota; Ongena, Steven; Peydró, José-Luis
    Erschienen: February 2015
    Verlag:  Universitat Pompeu Fabra, Department of Economics and Business, Barcelona

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    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 574
    Fernleihe:
    keine Fernleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Economics working paper series ; no. 1707
    Schlagworte: Kreditgeschäft; Zinspolitik; Kreditrisiko; Bankrisiko; Tschechien
    Umfang: 1 Online-Ressource (circa 41 Seiten)
  2. Using macro-financial models to simulate macroeconomic developments during the Covid-19 pandemic
    the case of Albania
    Autor*in: Skufi, Lorena; Gersl, Adam
    Erschienen: [2022]
    Verlag:  Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Prague

    The recent Covid-19 pandemic has increased the importance of properly forecasting macro-financial developments in turbulent times. Only a limited number of studies focus on how to employ macro-financial models to project key real and financial sector... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 167
    Fernleihe:
    keine Fernleihe

     

    The recent Covid-19 pandemic has increased the importance of properly forecasting macro-financial developments in turbulent times. Only a limited number of studies focus on how to employ macro-financial models to project key real and financial sector variables under large shocks and unusual assumptions. The aim of this paper is to examine whether a pre-constrained linear model can project the developments seen during the Covid-19 pandemic. We develop a macro-financial model for Albania and, using suitable assumptions, run two types of simulations and compare the results with the outturn. We also take into account the increased forecast risk by constructing uncertainty bands using a quantile regression approach. The results indicate that a linear model is flexible enough to analyse non-linear events and be used in abnormal times, but its precision is lower especially due to the government measures such as repayment moratoria that broke the link between the real and financial sector.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/272797
    Schriftenreihe: IES working paper ; 2022, 24
    Schlagworte: macro-financial model; scenario; quantile regression; uncertainty bands; pandemic
    Umfang: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  3. Migration, remittances, and wage-inflation spillovers
    the case of Albania
    Autor*in: Skufi, Lorena; Papavangjeli, Meri; Gersl, Adam
    Erschienen: [2024]
    Verlag:  Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Prague

    Motivated by migration phenomena and wage-inflation spillovers, we investigate the relationship between the two and the inflationary remittances built-in pressures. We establish a feedback loop between migration and inflation, and specify a simple... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 167
    Fernleihe:
    keine Fernleihe

     

    Motivated by migration phenomena and wage-inflation spillovers, we investigate the relationship between the two and the inflationary remittances built-in pressures. We establish a feedback loop between migration and inflation, and specify a simple dynamic model to identify the pass-through. Our empirical approach focuses on the wage Phillips Curve, price setting under monopolistic competition, and state space model for the natural unemployment rate. Our estimates suggest that overshooting inflation and tight labor market conditions increase wage-inflation sensitivity. A continuous decline of population by 1% leads to 98 basis points (BP) of inflation pressures in the short-run and 23 BP in the long-run. Remittances induce excessive pressures by 18 BP on inflation. Supportive schemes such as an older retirement age and higher labor force participation rate can partially mitigate inflationary.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: IES working paper ; 2024, 5
    Schlagworte: labor market; demographics; inflation; wage; remittances; feedback-loop
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  4. Marco stress testing of the banking sector in Albania
    Autor*in: Bozdo, Juna; Goxhaj, Arisa (Saqe); Gersl, Adam
    Erschienen: 2023
    Verlag:  Bank of Albania, [Tirana]

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    Nicht speichern
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789928262646
    Schriftenreihe: Working paper / Bank of Albania ; 06 = 93 (2023)
    Schlagworte: stress testing; credit risk; central bank; capital adequacy; financial stability
    Umfang: 1 Online-Ressource (circa 48 Seiten), Illustrationen