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Browsing Research Articles (Economics) by Author "Tavlas, George S."
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Banerjee, Anindya; Hall, Stephen George; Kouretas, Georgios P.; Tavlas, George S.
(Wiley, 2023-04)
The sharp rise in inflation during the past few years has engendered comparisons with the great inflation of the 1970s and early 1980s. Like that earlier episode, the recent inflation has been underpinned by supply-side ...
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Hall, Stephen George; Tavlas, George S.; Wang, Yongli
(Elsevier, 2023-03)
We investigate the drivers of the recent inflation in three currency areas: the United States, the euro area, and the United Kingdom. To do so, we use a VAR set-up to examine the nature of the shocks that underpinned the ...
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Gibson, Heather D.; Hall, Stephen George; Petroulas, Pavlos; Spiliotopoulos, Vassilis; Tavlas, George S.
(Elsevier, 2020-11)
We examine the impact of emergency liquidity assistance (ELA) on bank lending in eleven euro area countries during the financial crisis. With the intensification of the crisis, ELA took on a pivotal role in some countries. ...
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Hall, Stephen George; Tavlas, George S.; Wang, Yongli
(Wiley, 2023)
This paper considers the problem of forecasting inflation in the United States, the euro area, and the United Kingdom in the presence of possible structural breaks and changing parameters. We examine a range of moving ...
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Gibson, Heather D.; Hall, Stephen George; Petroulas, Pavlos; Tavlas, George S.
(Elsevier, 2022-12)
We examine (1) spillover effects between euro-area sovereigns and banking systems within national jurisdictions and (2) cross-country spillovers among ten countries during the euro-area crisis. We find that cross-country ...
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Hall, Stephen George; Swamy, P.A.V.B.; Tavlas, George S.
(Federal Reserve Bank of St. Louis, 2012-05)
The European Central Bank (ECB) assigns greater weight to the role of money in its monetary policy
strategy than most, if not all, other major central banks. Nevertheless, reflecting the view that the
demand for money ...
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Hall, Stephen George; Swamy, P.A.V.B.; Tavlas, George S.
(Cambridge University Press, 2015-10)
Building on the time-varying-coefficient (TVC) model, we propose a generalization of the
concept of cointegration, allowing for the possibility that a set of variables measured with
error entails a nonlinear relationship ...
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Gibson, Heather D.; Hall, Stephen George; Petroulas, Pavlos; Tavlas, George S.
(Elsevier, 2020-04)
The euro-area financial crisis that erupted in 2009 was marked by negative confidence effects that had significant ramifications for euro area banking systems. As a result, bank lending declined sharply. We investigate the ...
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Gefang, Deborah; Hall, Stephen George; Tavlas, George S.; Wang, Yongli
(Elsevier, 2024-02)
The standard procedure for quantifying spillover effects of changes in economic fundamentals among separate regions (or countries) is to link the regions through predetermined weights – for example through fixed weighted ...
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Gibson, Heather D.; Hall, Stephen George; Tavlas, George S.
(Cambridge University Press, 2022-09)
We provide a new way of deriving a number of dynamic unobserved factors from a set of variables. We show how standard principal components may be expressed in state space form and estimated using the Kalman filter. To ...