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The 2008 Financial Crisis and Potential Output in Asia : Impact and Policy Implications
Park, Cyn-Young; Majuca, Ruperto P.; Yap, Josef T. - East Asian Bureau of Economic Research (EABER) - 2010
Monitoring the behavior of potential output helps policymakers implement appropriate policies in response to an economic crisis. In the short-run, estimates of the output gap will guide the timing of implementation and withdrawal of stimulus measures. In the medium- to long-term, these estimates...
Persistent link: https://www.econbiz.de/10009363894
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Explosive Behavior in the 1990s Nasdaq : When Did Exuberance Escalate Asset Values?
Philips, Peter C.B.; Wu, Yangru; Yu, Jun - East Asian Bureau of Economic Research (EABER) - 2009
A recursive test procedure is suggested that provides a mechanism for testing explosive behavior, date-stamping the origination and collapse of economic exuberance, and providing valid conOdence intervals for explosive growth rates. The method involves the recursive im- plementation of a...
Persistent link: https://www.econbiz.de/10009363816
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What is to be Done with Disasters?A Literature Survey on Disaster Study and Response
Marianti, Ruly - East Asian Bureau of Economic Research (EABER) - 2008
dominated the national and international media for weeks, confronted us with our weaknesses in times of disaster. This lead us … systematic overview on various important issues and debates on efforts in understanding and managing disaster. This paper is … organized in two parts. The first part deals with the various theoretical aspects of disaster study such as definitional debates …
Persistent link: https://www.econbiz.de/10009363585
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Sustainability of Fiscal Deficits : The US Experience 1929-2004
Jayawickrama, Ananda; Abeysinghe, Tilak - East Asian Bureau of Economic Research (EABER) - 2006
Recurrent large fiscal deficits and accumulating public debt frequently ring alarm bells around the world on the sustainability of U.S. federal fiscal policy. The present-value borrowing constraint, which states that, for the fiscal policy to be sustainable the current debt stock should match...
Persistent link: https://www.econbiz.de/10009363284
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REVENUE-EXPENDITURE NEXUS FOR SOUTHERN STATES : SOME POLICY ORIENTED ECONOMETRIC OBSERVATIONS
Chaudhuri, Kausik; Sengupta, Bodhisattva - East Asian Bureau of Economic Research (EABER) - 2009
The paper examines the temporal relationship between revenues and expenditures for the four southern states during 1980 to 2005. Using an error-correction model and Granger causality test, it finds that the taxspend hypothesis is supported by the analsysis. The spend-tax hypothesis is valid for...
Persistent link: https://www.econbiz.de/10009363317
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The Impact of Foreign Direct Investment on Economic Growth : A Case Study of Ireland
Kim, Kyuntae; Bang, Hokyung - East Asian Bureau of Economic Research (EABER) - 2008
cointegration, which is more appropriate for estimating small sample studies. The data span for the study is from 1975 to 2006. The …
Persistent link: https://www.econbiz.de/10009363557
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Spillover Effects among the Greater China Region Stock Markets
Johansson, Anders C; Ljungwall, Christer - East Asian Bureau of Economic Research (EABER) - 2006
This paper explores the linkages between the different stock markets in the Greater China region. Cointegration tests …
Persistent link: https://www.econbiz.de/10009365377
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The Vanishing Role of Money in the Macroeconomy - An Empirical Investigation Based On Spectral and Wavelet Analysis
Nachane, D. M.; Dubey, Amlendu Kumar - East Asian Bureau of Economic Research (EABER) - 2008
The recent de-emphasizing of the role of money in both theoretical macroeconomics as well as in the practical conduct of monetary policy sits uneasily with the idea that inflation is a monetary phenomenon. Empirical evidence has, however, been accumulating, pointing to an important leading...
Persistent link: https://www.econbiz.de/10009365497
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Green Growth and Equity in the Context of Climate Change : Some Considerations
Sachs, Jeffrey D.; Someshwar, Shiv - East Asian Bureau of Economic Research (EABER) - 2012
Green growth entails several different kinds of processes : conversion to low-carbon energy, climate resilience, and response to climate shocks. Equity implies a fair sharing of the costs, within countries and between countries. The authors set out to explore some of the ways that equity has...
Persistent link: https://www.econbiz.de/10011277993
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Climate Change Mitigation and Green Growth in Developing Asia
Howes, Stephen; Wyrwoll, Paul - East Asian Bureau of Economic Research (EABER) - 2012
related domestic issues, the governments of the People’s Republic of China, India, Indonesia, Thailand, and Viet Nam have …
Persistent link: https://www.econbiz.de/10011277994