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Estimating the Natural Rate of Interest: A SVAR Approach

Brzoza-Brzezina, Michal - EconWPA - 2003

For the successful conduct of monetary policy the central bank needs reliable indicators of the monetary policy stance. A recently often advocated one is the gap between the real, market and the natural rate of interest. In this article we estimate the historical time series of the natural rate...

Persistent link: https://www.econbiz.de/10005076765

The Information Content of the Natural Rate of Interest: The Case of Poland

Brzoza-Brzezina, Michal - EconWPA - 2004

In this paper, I use a structural VAR model and the Kalman filter to estimate the natural rate of interest (NRI) in Poland. I show how the NRI can yield important information for a central banker. First, estimation of the NRI can be helpful for monetary authorities, seeking to stabilize...

Persistent link: https://www.econbiz.de/10005561162

The long memory story of ex post real interest rates. Can it be supported?

Venetis, Ioannis A.; Duarte, Agustin; Paya, Ivan - EconWPA - 2004

This papers finds evidence of fractional integration for a number of monthly ex post real interest rate series using the GPH semiparametric estimator on data from fourteen European countries and the US. However, we pose empirical questions on certain time series requirements that emerge from...

Persistent link: https://www.econbiz.de/10005407898

Statistical estimates of the deviations from the macroeconomic potential. An application to the economy of Bulgaria

Ganev, Kaloyan - EconWPA - 2004

The paper reviews the basic statistical methods for estimation of the deviations from the production potential of the economy. The emphasis is put on the a-theoretical approaches. To illustrate the application of the models data for the Bulgarian economy have been used, and on the basis of the...

Persistent link: https://www.econbiz.de/10005076707

Estimating potential output: a survey of the alternative methods and their applications to Brazil

Barbosa-Filho, Nelson H - EconWPA - 2005

This paper presents the main issues involved in estimating potential output. The objective is to describe the alternative methods and analyze their application and implications for growth forecasts and macroeconomic policy in Brazil. The text emphasizes the determinants of potential output under...

Persistent link: https://www.econbiz.de/10005561112

ACTIVE AND PASSIVE SEIGNIORAGE REVENUES: THE CASE FOR TURKEY 1970-1997

Halicioglu, Ferda - EconWPA - 2005

This study is concerned with the components of the total seigniorage revenues that have been collected by the Turkish governments during the years 1970-1997. Traditionally, a government can increase the monetary base in order to finance its expenditures partially. This form of monetary finance...

Persistent link: https://www.econbiz.de/10005076728

EMU, EURO and EU-Membership: An Evaluation from the Turkish Macroeconomic Perspective

Kibritcioglu, Aykut - EconWPA - 2003

Section of Cyprus are preparing their economy for a full-membership to the EU while Turkey, as an associate- member of the … Union since 1963 and as a part of customs union between Turkey and the EU since 1996, seems to be excluded from the next EU … Turkey different than the 11 membership candidate countries and the EU countries in terms of the ten selected macroeconomic …

Persistent link: https://www.econbiz.de/10005076843

Turkiye'nin dunya ekonomisine entegrasyon sureci ( The integration process of Turkey into the world economy) (IN TURKISH)

HALICIOGLU, Ferda - EconWPA - 2005

This study brifly looks into the process of Turkey into the world economy and concludes that this process has been …

Persistent link: https://www.econbiz.de/10005124899

PUBLICATION PERFORMANCE OF ECONOMISTS AND ECONOMICS DEPARTMENTS IN TURKEY (1999-2003)

cokgezen, murat - EconWPA - 2005

This is the first study evaluating publication performances of economists and economics departments in Turkey. Findings …

Persistent link: https://www.econbiz.de/10005124928

Exchange rates and employment in Turkish manufacturing

Filiztekin, Alpay - EconWPA - 2005

This paper investigates the effects of exchange rate fluctuations on Turkish manufacturing employment and wages using data for a panel of manufacturing industries over the period 1981-1999. The net effect of depreciations are found to be negative for both employment and wages, though the effects...

Persistent link: https://www.econbiz.de/10005125502