Berger, Tino

[["dc.bibliographiccitation.firstpage","203"],["dc.bibliographiccitation.journal","Journal of Macroeconomics"],["dc.bibliographiccitation.lastpage","214"],["dc.bibliographiccitation.volume","39"],["dc.contributor.author","Berger, Tino"],["dc.contributor.author","Kempa, Bernd"],["dc.date.accessioned","2018-10-30T14:02:38Z"],["dc.date.available","2018-10-30T14:02:38Z"],["dc.date.issued","2014"],["dc.description.abstract","This paper estimates equilibrium rates of macroeconomic aggregates for small open economies. We simultaneously identify the transitory and permanent components of output, inflation, the interest rate and the exchange rate by means of a multivariate trend-cycle decomposition. Realizations of the observed macroeconomic aggregates are explained in terms of unobserved equilibrium rates and unobserved transitory components. The transitory components of the variables are linked to each other through an aggregate demand equation, a Phillips curve, and an equation specifying the interest rate-exchange rate nexus. The model is then applied to Canadian data."],["dc.identifier.doi","10.1016/j.jmacro.2013.12.002"],["dc.identifier.uri","https://resolver.sub.uni-goettingen.de/purl?gro-2/16139"],["dc.language.iso","en"],["dc.notes.status","final"],["dc.title","Time-varying equilibrium rates in small open economies"],["dc.title.subtitle","Evidence for Canada"],["dc.type","journal_article"],["dc.type.internalPublication","unknown"],["dspace.entity.type","Publication"]]

[["dc.bibliographiccitation.firstpage","107"],["dc.bibliographiccitation.issue","1"],["dc.bibliographiccitation.journal","Economics Letters"],["dc.bibliographiccitation.lastpage","112"],["dc.bibliographiccitation.volume","112"],["dc.contributor.author","Berger, Tino"],["dc.contributor.author","Kempa, Bernd"],["dc.date.accessioned","2018-10-30T14:12:46Z"],["dc.date.available","2018-10-30T14:12:46Z"],["dc.date.issued","2011"],["dc.description.abstract","We introduce a novel approach for estimating output gaps for small open economies. Identification is based on a multivariate trend–cycle decomposition in which transitory exchange rate movements are linked to the output gap and inflation. The model is then applied to Canadian data. Highlights ► We estimate the output gap for Canada on the basis of a permanent–transitory decomposition of output and the exchange rate using an unobserved components model. ► Empirical identification is based on a simple structural model of a small open economy in which transitory exchange rate movements are used to identify the output gap. ► The unobserved components and the structural parameters are jointly estimated using the Kalman filter and Bayesian technique."],["dc.identifier.doi","10.1016/j.econlet.2011.03.009"],["dc.identifier.uri","https://resolver.sub.uni-goettingen.de/purl?gro-2/16142"],["dc.language.iso","en"],["dc.notes.status","final"],["dc.title","Bayesian estimation of the output gap for a small open economy"],["dc.title.subtitle","The case of Canada"],["dc.type","journal_article"],["dc.type.internalPublication","unknown"],["dspace.entity.type","Publication"]]

[["dc.bibliographiccitation.firstpage","836"],["dc.bibliographiccitation.issue","5"],["dc.bibliographiccitation.journal","Journal of Applied Econometrics"],["dc.bibliographiccitation.lastpage","842"],["dc.bibliographiccitation.volume","34"],["dc.contributor.author","Berger, Tino"],["dc.contributor.author","Kempa, Bernd"],["dc.date.accessioned","2020-12-10T14:06:42Z"],["dc.date.available","2020-12-10T14:06:42Z"],["dc.date.issued","2019"],["dc.identifier.doi","10.1002/jae.2698"],["dc.identifier.eissn","1099-1255"],["dc.identifier.issn","0883-7252"],["dc.identifier.uri","https://resolver.sub.uni-goettingen.de/purl?gro-2/69990"],["dc.language.iso","en"],["dc.notes.intern","DOI Import GROB-354"],["dc.title","Testing for time variation in the natural rate of interest"],["dc.type","journal_article"],["dc.type.internalPublication","yes"],["dspace.entity.type","Publication"]]

[["dc.bibliographiccitation.firstpage","1060"],["dc.bibliographiccitation.issue","5"],["dc.bibliographiccitation.journal","Journal of International Money and Finance"],["dc.bibliographiccitation.lastpage","1075"],["dc.bibliographiccitation.volume","31"],["dc.contributor.author","Berger, Tino"],["dc.contributor.author","Kempa, Bernd"],["dc.date.accessioned","2018-10-30T14:07:00Z"],["dc.date.available","2018-10-30T14:07:00Z"],["dc.date.issued","2012"],["dc.description.abstract","This paper identifies the Canadian–US equilibrium exchange rate based on a simple structural model of the real exchange rate, in which monetary policy follows a Taylor-rule interest rate reaction function. The exchange rate is explained by relative output and inflation as observable variables, and by unobserved equilibrium rates as well as unobserved transitory components in output and the exchange rate. Using Canadian data over 1974–2009 we jointly estimate the unobserved components and the structural parameters using the Kalman filter and Bayesian technique. We find that Canada's equilibrium exchange rate evolves smoothly and follows a trend depreciation. The transitory component is found to be very persistent but much more volatile than the equilibrium rate, resulting in few but prolonged periods of currency misalignments."],["dc.identifier.doi","10.1016/j.jimonfin.2011.12.010"],["dc.identifier.uri","https://resolver.sub.uni-goettingen.de/purl?gro-2/16141"],["dc.language.iso","en"],["dc.notes.status","final"],["dc.title","Taylor rules and the Canadian–US equilibrium exchange rate"],["dc.type","journal_article"],["dc.type.internalPublication","unknown"],["dspace.entity.type","Publication"]]

[["dc.bibliographiccitation.firstpage","694"],["dc.bibliographiccitation.issue","5"],["dc.bibliographiccitation.journal","Oxford Bulletin of Economics and Statistics"],["dc.bibliographiccitation.lastpage","716"],["dc.bibliographiccitation.volume","78"],["dc.contributor.author","Berger, Tino"],["dc.contributor.author","Grabert, Sibylle"],["dc.contributor.author","Kempa, Bernd"],["dc.date.accessioned","2018-11-07T10:07:31Z"],["dc.date.available","2018-11-07T10:07:31Z"],["dc.date.issued","2016"],["dc.description.abstract","We identify global and country-specific measures of output growth uncertainty for a large OECD country sample by means of a dynamic factor model with stochastic volatility. We find evidence for major bouts of global uncertainty in the early 1970s and late 2000s, and a number of periods with elevated levels of either global or national uncertainty, particularly in the early 1980s, 1990s and 2000s. VAR impulse responses of national macroeconomic variables to our estimated measures of uncertainty reveal that global uncertainty is the major driver of macroeconomic performance in most countries, whereas the impact of national uncertainty is small and frequently insignificant. We also find that uncertainty is transmitted primarily through investment and trade flows rather than through consumption demand."],["dc.identifier.doi","10.1111/obes.12118"],["dc.identifier.isi","000387342300005"],["dc.identifier.uri","https://resolver.sub.uni-goettingen.de/purl?gro-2/39294"],["dc.language.iso","en"],["dc.notes.status","zu prüfen"],["dc.notes.submitter","Najko"],["dc.publisher","Wiley"],["dc.relation.issn","1468-0084"],["dc.relation.issn","0305-9049"],["dc.title","Global and Country-Specific Output Growth Uncertainty and Macroeconomic Performance"],["dc.type","journal_article"],["dc.type.internalPublication","yes"],["dc.type.peerReviewed","yes"],["dc.type.status","published"],["dspace.entity.type","Publication"]]

[["dc.bibliographiccitation.firstpage","42"],["dc.bibliographiccitation.journal","Journal of Macroeconomics"],["dc.bibliographiccitation.lastpage","56"],["dc.bibliographiccitation.volume","53"],["dc.contributor.author","Berger, Tino"],["dc.contributor.author","Grabert, Sibylle"],["dc.contributor.author","Kempa, Bernd"],["dc.date.accessioned","2018-11-08T16:39:24Z"],["dc.date.available","2018-11-08T16:39:24Z"],["dc.date.issued","2017"],["dc.description.abstract","We empirically identify global macroeconomic uncertainty using a dynamic factor model, where the conditional variances of all factors are modeled as stochastic volatility processes. Applying this methodology to OECD data, we find the early 1970s and early 1980s recessions as well as the recent Great Recession of the late 2000s to be associated with increases in uncertainty at the global level, but heightened uncertainty during the early 1990s and 2000s slowdowns to be mostly confined to the national levels. We also find that global uncertainty unambiguously lowers national growth rates and raises national inflation rates, and that key macroeconomic variables like oil, commodity and stock prices as well as global liquidity act as drivers of the global dimension of uncertainty."],["dc.identifier.doi","10.1016/j.jmacro.2017.05.005"],["dc.identifier.uri","https://resolver.sub.uni-goettingen.de/purl?gro-2/56781"],["dc.language.iso","en"],["dc.notes.status","final"],["dc.title","Global macroeconomic uncertainty"],["dc.type","journal_article"],["dc.type.internalPublication","unknown"],["dspace.entity.type","Publication"]]