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Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447

Price Adjustments and Asymmetry in the Philippine Retail Gasoline Market

Salas, John Michael Ian S. - EconWPA - 2002

This paper employs ordered probit, partial adjustment, and vector error correction models to characterize price adjustments in the Philippine retail gasoline market since its deregulation. It finds that pricing decisions of oil firms depend significantly on eight weeks of previous changes in...

Persistent link: https://www.econbiz.de/10005134531

Deforestation and Land Use Changes Induced by the East Asian Economic Crisis

Pagiola, Stefano - EconWPA - 2004

affected countries. It focuses on three main countries—Indonesia, Thailand, and the Philippines. The analysis shows that there … continuum of effects, with Indonesia most heavily hit, the Philippines the least so, and Thailand somewhere in between. (b …

Persistent link: https://www.econbiz.de/10005062475

The Philippine Central Bank's Monetary Policy Reaction Function from 1992 to 2003

Salas, John Michael Ian S. - EconWPA - 2004

This paper attempts to provide an empirical determination of the Philippine central bank's (BSP) recent monetary policy stance, before and after its adoption of the inflation targeting framework, as revealed by its interest rate setting behavior. Employing Clarida, Gali, and Gertler's (1998,...

Persistent link: https://www.econbiz.de/10005561255

The Effect of National Policies and Labor Market on Land Use Decisions in Developing Countries: An Application of Maximum Simulated Likelihood to System of Censored Acreages with P...

Demeke, Bayou; Coxhead, Ian - EconWPA - 2005

Philippines. We present multi-output profit maximizing model to elicit the role of relative prices on land allocation between …

Persistent link: https://www.econbiz.de/10005118936

Labor Market Conditions, Political Events and Palestinian Suicide Bombings

Sayre, Edward A. - EconWPA - 2005

Objectives. This paper analyzes the relationship between Palestinian suicide bombings and economic and political conditions from 1993 to 2001. Labor market conditions could affect the number of terror attacks because when the economy worsens, the opportunity cost of engaging in suicide terrorism...

Persistent link: https://www.econbiz.de/10005076534

A Simple Model of Keynesian Unemployment

Nakajima, Tetsuya - EconWPA - 2005

equities, we examine equilibrium unemployment. While a mechanism of an efficiency wage brings about nominal wage rigidity …, unemployment occurring in our model definitely has Keynesian features. For instance, a reduction in wages rather enhances … unemployment through a decrease in consumption. In addition, our paper shows a possibility of Pareto improvement through an …

Persistent link: https://www.econbiz.de/10005076693

Money in Market Clearing

Gani, Mohammad - EconWPA - 2004

unemployment, undue instability, and excess debt. …

Persistent link: https://www.econbiz.de/10005076719

Aging, Labor Markets and Pension Reform in Austria

Christian, Keuschnigg; Mirela, Keuschnigg - EconWPA - 2004

unemployment. The public sector is decomposed into general government and an unfunded pension system with a tax benefit linkage … effects. They strengthen labor supply both in terms of job search intensity, leading to lower unemployment rates, and hours …

Persistent link: https://www.econbiz.de/10005125671

Unemployment and re-employment of displaced workers

Murtough, Greg; Waite, Matthew - EconWPA - 2001

Examines the incidence and adjustment experiences of workers who are displaced by economic change. Since the mid-1970s, the aggregate annual rate of retrenchment has fluctuated in a counter-cyclical pattern around a relatively stable long-term trend of about 5 per cent. The paper shows that the...

Persistent link: https://www.econbiz.de/10005125741