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Heterogeneity as a Natural Source of Randomness

Diks, Cees; Weide, Roy van der - Tinbergen Instituut - 2003

random utility framework, heterogeneity can be seen to act as a 'natural source of randomness'. Allowing for modeling the …

Persistent link: https://www.econbiz.de/10011255553

Herding, A-synchronous Updating and Heterogeneity in Memory in a CBS

Diks, Cees; Weide, Roy van der - Tinbergen Instituut - 2003

behavioralassumptions: (i) herd behaviour; (ii) a-synchronous updating ofbeliefs; and (iii) heterogeneity in time horizons (memory …,1$) innovations, and predicts a relation between the ARCH and GARCH coefficients. Heterogeneity in memory leads to long …

Persistent link: https://www.econbiz.de/10011256802

Stability of the Demand for Real Narrow Money in lndonesia

Anglingkusumo, Reza - Tinbergen Instituut - 2005

The stability of the demand for real Ml in Indonesia is empirically examinedusing quarterly data between 1981 and 2002. A cointegrated VAR methodology thatisolates the period of structural breaks in the data generating process of the variables,caused by the Asian crisis, is used. The results...

Persistent link: https://www.econbiz.de/10011256113

Money - Inflation Nexus in Indonesia: Evidence from a P-Star Analysis

Anglingkusumo, Reza - Tinbergen Instituut - 2005

In this paper the effect of excess narrow money (MI) on C PI intlation in Indonesiabefore, during, and after the Asian crisis is empirically examined. The standard model for themonetary analysis of inflation, i.e. the P-Star model by Hallman-Porter-Small (1991), isapplied and tested empirically...

Persistent link: https://www.econbiz.de/10011257626