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We analyze the performance of the Maastricht convergence criteria (inflation, long-term interest rate, annual and … that the speed of the convergence processes for the monetary authority controlled variables (inflation and interest rates …
Persistent link: https://www.econbiz.de/10005823246
We analyze the performance of the Maastricht convergence criteria (inflation, long-term interest rate, annual and … that the speed of the convergence processes for the monetary authority controlled variables (inflation and interest rates … ; Maastricht criteria ; heteroskedastic spline models ; ARCH regime shifts ; inflation ; public deficits ; interest rates and …
Persistent link: https://www.econbiz.de/10009726808
Persistent link: https://www.econbiz.de/10001770832
Persistent link: https://www.econbiz.de/10010466015
This paper examines the impact of real exchange rate volatility on economic growth in Kenyan. The study employed the Generalized Autoregressive Condition of Heteroscedasticity (GARCH) and computation of the unconditional standard deviation of the changes to measure volatility and Generalized...
Persistent link: https://www.econbiz.de/10010732568
Since the mid-1990s, we observe a global increase of current account imbalances. In 2007, before the climax of the financial crisis, they reached 2% of world GDP in absolute value. At the global level, the persistence of large current account imbalances is a threat to the macroeconomic and...
Persistent link: https://www.econbiz.de/10011110581
In this paper, we consider the models that provide evidence of volatility transmission between oil and equity markets. Our aim is to complement previous research by addressing the dynamics of volatility transmission by using the multivariate dynamic conditional correlation–GARCH (DCC-GARCH)...
Persistent link: https://www.econbiz.de/10010836118
We investigate the empirical evidence on the Euler equation models using methods that are robust to weak instruments and structural changes for a set of eight countries. We start with the conventional closed economy model and consider extensions that include habits and hand-to-mouth consumers....
Persistent link: https://www.econbiz.de/10012841945
This paper examines the impact of monetary policy on real economic activities using a modified open-economy New Keynesian aggregate demand function for Ghana over the period 2000Q1-2016Q4. Our analysis shows that all the determinants of aggregate demand have the expected theoretical signs. We...
Persistent link: https://www.econbiz.de/10014092513
For those who monitor relative wealth accumulation and are unmoved by divine empathy, a disincentive to increase the rate of full manumission is possible. Consider slavery as overt, formal constraints to zero or even negative wealth accumulation; and consider freedom of ex-slaves as the...
Persistent link: https://www.econbiz.de/10013128037