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Modelling long-run energy consumption under model uncertainty

Humer, Stefan; Csereklyei, Z. - EcoMod Network - 2012

The causality between energy consumption and real income in developed countries has been a very vital research topic in recent years. Raising concerns about climate change and global warming increase the pressure on policy makers to take action against energy depletion. Unfortunately these...

Persistent link: https://www.econbiz.de/10010886612

ESTIMATION OF VECTOR ERROR CORRECTION MODEL WITH GARCH ERRORS: MONTE CARLO SIMULATION AND APPLICATIONS

Setiawan, Kusdhianto; Maekawa, Koichi - EcoMod Network - 2014

The standard vector error correction (VEC) model assumes the iid normal distribution of disturbance term in the model. This paper extends this assumption to include GARCH process. We call this model as VEC-GARCH model. However as the number of parameters in a VEC-GARCH model is large, the...

Persistent link: https://www.econbiz.de/10010886654

Traditional and matter-of-fact financial frictions in a DSGE model for Brazil: the role of macroprudential instruments and monetary policy

Carvalho, Fabia; Carvalho, Fabia A. de; Costa, Silvio … - EcoMod Network - 2013

key to the transmission channel of reserve requirements. The model is carefully tailored to Brazil and reproduces the …

Persistent link: https://www.econbiz.de/10010886693

A Comprehensive Empirical Analysis of Trade Policy with Monopolistic Competition in a Small Country

Cinquetti, Carlos A.; Maskus, Keith E. - EcoMod Network - 2013

To access, with industry-level data, an ampler set of trade-policy effects under imperfect competition, which are: the competition, the scale and allocative effects. In theoretical terms, we rely on comparative advantages, underpinning the general-equilibrium analysis, and on spatial...

Persistent link: https://www.econbiz.de/10010886697

Macroeconomic Impacts of Sectoral Approaches: The Role of the Cement Sector in China, Mexico and Brazil

Voigt, Sebastian; Alexeeva-Talebi, Victoria; Löschel, … - EcoMod Network - 2012

designs on macroeconomic and sectoral indicators in the European Union as well as China, Mexico and Brazil.For the analysis we … China, Mexico and Brazil to (iii) numerically analyze the macroeconomic and environmental implications of alternative … sectoral approaches for the cement sectors in China, Mexico and Brazil. They represent either unilateral situations …

Persistent link: https://www.econbiz.de/10010887881

Relative Importance of Monetary Transmission Channels in Inflation Targeting Emerging Economies

Tahir, Muhammad Naveed - EcoMod Network - 2012

As the globalization is increasing and economies are becoming more and more interdependent, some questions have gained … more importance, for example, has globalization changed the inflation determinants? The control of monetary authority over … expect that globalization should eliminate or even substantially weaken the influence of domestic monetary policy over …

Persistent link: https://www.econbiz.de/10010902521

THE MACROECONOMIC EFFECTS OF RESERVE REQUIREMENTS

Glocker, Christian; Towbin, Pascal - EcoMod Network - 2012

When dealing with credit booms driven by capital inflows, monetary authorities in emerging markets are often reluctant to raise interest rates, as they fear that an increase attracts even more capital and appreciates the currency. A number of countries therefore use reserve requirements as an...

Persistent link: https://www.econbiz.de/10010902527

International Property Rights and Climate Policy: Implications on the Diffusion of Climate-Friendly Technologies

Voigt, Sebastian; Cian, Enrica De; Verdolini, Elena; … - EcoMod Network - 2012

Technological change has been attributed an important role in reducing the costs associated to climate change mitigation through GHG emission reductions. The adoption and deployment of low-carbon and environmentally friendly technologies has been at the center stage of climate negotiations....

Persistent link: https://www.econbiz.de/10010902540

Interaction between levels and volatilities of Stock market returns and exchange rate in the BRICS grouping

Bonga-Bonga, Lumengo - EcoMod Network - 2012

The emergence of the BRICS (Brazil, Russia, India, China and South Africa) grouping and the rapid advancement of their …

Persistent link: https://www.econbiz.de/10010902549

Factors influencing the formation of corruption in oil-rich countries

Fouladi, Masoome; Setayesh, Hedieh; Goudarzi-Farahani, … - EcoMod Network - 2014

Corruption undermines economic development and therefore it is one of the major factors hindering economic growth and political stability, especially in the developing countries. Studies in recent years show that countries with rich natural resources have the potential to shape corruption....

Persistent link: https://www.econbiz.de/10010933195