Explanipedia

The Problem of Quality Change in Historical Price Statistics: An Illustrative Example Using Baedeker Travel Guides Open

Jarod Coulter, Braden Strackman, Mark A. Wynne · 2025

Ties that Bind: Estimating the Natural Rate of Interest for Small Open Economies Open

Valerie Aarne Grossman, Enrique Martínez‐García, Mark A. Wynne, Ren Zhang · 2021

This paper estimates the natural rate of interest for six small open economies (Australia, Canada, South Korea, Sweden, Switzerland, and the U.K.) with a structural New Keynesian model using Bayesian techniques.Our empirical analysis estab…

Shock-Dependent Exchange Rate Pass-Through: Evidence Based on a Narrative Sign Approach Open

Lian An, Mark A. Wynne, Ren Zhang · 2020

This paper studies shock-dependent exchange rate pass-through for Japan with a Bayesian structural vector autoregression model.We identify the shocks by complementing the traditional sign and zero restrictions with narrative sign restricti…

Shock-Dependent Exchange Rate Pass-Through: Evidence Based on a Narrative Sign Approach Open

Lian An, Mark A. Wynne, Ren Zhang · 2020

Shock-Dependent Exchange Rate Pass-Through: Evidence Based on a Narrative Sign Approach Open

Lian An, Mark A. Wynne, Ren Zhang · 2020

This paper studies shock-dependent exchange rate pass-through for Japan with a Bayesian structural vector autoregression model. We identify the shocks by complementing the traditional sign and zero restrictions with narrative sign restrict…

Ties that Bind: Estimating the Natural Rate of Interest for Small Open Economies Open

Valerie Aarne Grossman, Enrique Martínez‐García, Mark A. Wynne, Ren Zhang · 2019

This paper estimates the natural interest rate for six small open economies (Australia, Canada, South Korea, Sweden, Switzerland and the U.K.) with a structural New Keynesian model using Bayesian techniques.Our empirical analysis establish…

Ties that Bind: Estimating the Natural Rate of Interest for Small Open Economies Open

Valerie Aarne Grossman, Enrique Martínez‐García, Mark A. Wynne, Zhang Ren · 2019

The Heterogeneous Effects of Global and National Business Cycles on Employment in U.S. States and Metropolitan Areas Open

Alexander Chudík, Janet Koech, Mark A. Wynne · 2018

The growth of globalization in recent decades has increased the importance of external factors as drivers of the business cycle in many countries. Globalization affects countries not just at the macro level but at the level of states and m…

Global, National Business Cycles and Energy Explain Texas Metro Growth Open

Alexander Chudík, Janet Koech, Mark A. Wynne · 2018

A mix of global, national and state-specific shocks help drive employment fluctuations between U.S. states. Econometric modeling shows such differences among metropolitan areas also reflect a mix of shocks. Texas cities strongly tied to oi…

The Heterogeneous Effects of Global and National Business Cycles on Employment in U.S. States and Metropolitan Areas Open

Alexander Chudík, Janet Koech, Mark A. Wynne · 2018

The growth of globalization in recent decades has increased the importance of external factors as drivers of the business cycle in many countries.Globalization affects countries not just at the macro level but at the level of states and me…

MDY volume 21 issue 7 Cover and Back matter Open

Peter L. Rousseau, Paul Wachtel, Ernst Baltensperger, Peter Kügler, Øyvind Eitrheim , et al. · 2017

An abstract is not available for this content so a preview has been provided. As you have access to this content, a full PDF is available via the ‘Save PDF’ action button.

MEASURING THE WORLD NATURAL RATE OF INTEREST Open

Mark A. Wynne, Zhang Ren · 2017

This article makes the first attempt to estimate the time‐varying natural rate jointly with the output gap and trend potential output growth for the world as a whole using a simple unobserved components model broadly following the methodol…

Diversification and Specialization of U.S. States Open

Janet Koech, Mark A. Wynne · 2017

This paper documents the evolution of the international relationships of individual U.S. states along three dimensions: trade, migration, and finance. We examine how specialized or diversified state economies differ in terms of the product…

Global and National Shocks Explain a Large Share of State Job Growth Open

Alexander Chudík, Janet Koech, Mark A. Wynne · 2017

Global and U.S. national shocks on average appear to equally explain more than half of the fluctuations in state employment growth, an important measure of assessing real economic activity. The overall assessment, however, conceals a wide …

Measuring the World Natural Rate of Interest Open

Mark A. Wynne, Zhang Ren · 2017

This paper makes the first attempt to estimate the time-varying natural rate jointly with the output gap and trend potential output growth for the world as a whole using a simple unobserved components model broadly following the methodolog…

Estimating the Natural Rate of Interest in an Open Economy Open

Mark A. Wynne, Ren Zhang · 2017

The concept of the natural or equilibrium rate of interest has attracted a lot of attention from monetary policymakers in recent years.Most attempts to estimate the natural rate use a closed economy framework.We argue that in the face of g…

Global demographic trends shape policy environment Open

Mark A. Wynne · 2016

Demographics are key determinants of what is economically feasible at both the global and national levels. Demographics also have important implications for monetary policy. Slower population and labor force growth in the coming decades wi…

Diversification and Specialization of U.S. States Open

Janet Koech, Mark A. Wynne · 2016

This paper documents the evolution of the international relationships of individual U.S. states along three dimensions: trade, migration, and finance.We examine how specialized or diversified state economies differ in terms of the products…

Central Bank Communications: A Case Study Open

Jonathan Davis, Mark A. Wynne · 2016

Over the past twenty five years, central bank communications have undergone a major revolution.Central banks that previously shrouded themselves in mystery now embrace social media to get their message out to the widest audience.The Federa…

International Migration Remains the Last Frontier of Globalization Open

Mark A. Wynne · 2015

Allowing greater international migration, though controversial, offers the potential of outsized economic output gains relative to what?s possible with further liberalization of trade or capital flows.

Texas maintains top exporter standing while its trade remains concentrated Open

Janet Koech, Mark A. Wynne · 2015

While Texas has become the nation?s top exporting state, benefiting from trade of intermediate goods to Mexico and a global presence as an energy hub, its export activity remains concentrated relative to the U.S. and other states.

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