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Nonlinear dynamics of interest rate and inflation
Lanne, Markku - EconWPA - 2004
According to several empirical studies, US inflation and nominal interest rates, as well as the real interest rate, can … be described as unit root processes. These results imply that nominal interest rates and expected inflation do not move … the three-month treasury bill rate and inflation share a common nonlinear component that explains a large part of their …
Persistent link: https://www.econbiz.de/10005561249
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The function of the central bank
Stanners, Walter - EconWPA - 2002
The general view of the media, bankers, business and politicians, not noticeably contradicted by academics, is that one of the main functions, or the main function, of the central bank is to analyse the progress of the economy, and then to steer it with skilful judgement towards health and...
Persistent link: https://www.econbiz.de/10005561324
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Equity Returns and Inflation: The Puzzlingly Long Lags
Lothian, James R.; McCarthy, Cornelia H.. - EconWPA - 2001
equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …
Persistent link: https://www.econbiz.de/10005124935
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Costo de Uso del Capital en Colombia:1997 -2003
Rojas, Leonardo Rhenals - EconWPA - 2005
El documento analiza la evolución del costo de uso del capital en el periodo 1997 –2003 en Colombia. A diferencia de … la crisis de finales de los noventa, lo cual ha repercutido sobre el costo de uso del capital en Colombia. Por otra parte …
Persistent link: https://www.econbiz.de/10005126349
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Economía de la Inversión Extranjera en Colombia
Márquez-Escobar, Pablo - EconWPA - 2004
Persistent link: https://www.econbiz.de/10005556470
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Inconstitucionalidad por inconmesurabilidad de modelos económicos: El caso de las tasas retributivas por contaminación
Márquez-Escobar, Pablo - EconWPA - 2004
The author studies the incommensurability of economic models as a type, little explored of unconstitutionality, called the unconstitutionality for incommensurability of economic models. The author statutes that many of Colombian rules relapse in this type of methodological error and due to the...
Persistent link: https://www.econbiz.de/10005561026
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The Latin American and Caribbean Energy Review 2003
Garrón, Mauricio; Villarreal, Alejandro; Chiliquinga, Byron - EconWPA - 2005
The 2003 Energy review,contains information about the 2003 energy situation of each of our member countries, regional data, as well as economic and social indicators corrected and extended through historical series. It presents and innovative structure for analysis that allows the reader to...
Persistent link: https://www.econbiz.de/10005118923
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A discrete martingale model of pension fund guarantees in
Fischer, Klaus P. - EconWPA - 1998
contributions. These guarantees exist by law in Colombia and cover all pension fund contributions made to the country's private …
Persistent link: https://www.econbiz.de/10005561592
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About the Theory and empirical analysis of the persistence of Profits and its applicability to Colombia
Ruiz, Isabel - EconWPA - 2004
manufacturing industries in Colombia. By explaining where the theory of persistence comes from and what are its determinants, this …
Persistent link: https://www.econbiz.de/10005561833
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Interest, debt and capital accumulation - a Kaleckian approach
Hein, Eckhard - EconWPA - 2005
In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model with an investment function very close to Kalecki’s original writings. The effects of interest rate variations on the short-run equilibrium values of capacity utilisation,...
Persistent link: https://www.econbiz.de/10005126210