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Economic Reform and Economic Performance: Evidence from 20 Developing Countries
White, Howard; Leavy, Jennifer - Volkswirtschaftliche Fakultät, … - 2000
sectoral growth, inflation, investment and external account) for 20 countries. The data are classified on an annual basis …
Persistent link: https://www.econbiz.de/10005787233
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Non-linear convergence in Asian interest rates and inflation rates
Kisswani, Khalid; M.; Nusair, Salah; A. - Volkswirtschaftliche Fakultät, … - 2011
We examine the dynamics of convergence of the ASEAN5 plus the big three for nominal interest rates, inflation rates … 1990 - December 2010, using non-linear unit root tests. The results show strong evidence of stationary inflation and real … interest rate differentials in all but China’s inflation differential relative to the U.S., and stationary nominal interest …
Persistent link: https://www.econbiz.de/10009325643
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Structural changes in the Maltese cconomy
Grech, Aaron George - Volkswirtschaftliche Fakultät, … - 2015
Since the global recession that took hold around the first decade of this century, Malta registered a more favourable economic performance than most of the other euro area states. It is difficult to reconcile Malta’s relatively high rate of economic growth with the openness of a small economy...
Persistent link: https://www.econbiz.de/10011258649
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Modelo de Ciclos Reales para Colombia
Sarmiento, Prada; David, Juan - Volkswirtschaftliche Fakultät, … - 2005
Colombian economy has the typical small-open economy cycle: smooth consumption, higher volatility in investment ; procyclical consumption, investment and imports; countercyclical trade balance. The objective of this paper is to identify the stylized facts and to replicate them quantitative and...
Persistent link: https://www.econbiz.de/10005079306
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Monetary Policy Shocks in a Small Open Economy: Assessing the 'Puzzles' of Monetary Policy by SVAR
Ajluni, Jarir - Volkswirtschaftliche Fakultät, … - 2005
monetary contraction fail to significantly decrease inflation while lost output is more significant, and effect of foreign …
Persistent link: https://www.econbiz.de/10008595612
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On inflation, wealth inequality and welfare in emerging economies
Sunel, Enes - Volkswirtschaftliche Fakultät, … - 2010
reduction in inflation in a monetary model of a small open economy with uninsured idiosyncratic earnings risk. Consumers hold …-traded risk-free bonds (term deposits) that are useful for consumption smoothing. Bonds are modeled as inflation-indexed to … of inflation. The stochastic model is calibrated to Turkish data and is used to compare stationary equilibria with …
Persistent link: https://www.econbiz.de/10008695059
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Equity Premiums In a Small Open Economy
Douch, Mohamed - Volkswirtschaftliche Fakultät, … - 2004
This paper studies the behaviour of asset prices in relation to consumption and other business cycle variables. While RBC models have been able to successfully explain the dynamics of macroeconomic variables, they fail to replicate similar interesting stylized facts when studying the behavior of...
Persistent link: https://www.econbiz.de/10005835997
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Tariff and Equilibrium Indeterminacy
Zhang, Yan - Volkswirtschaftliche Fakultät, … - 2008
We examine the role of tariffs levied on the imported production factor in a one-sector small open economy real business cycle model. We show that under perfect competition and constant returns-to-scale, the model may exhibit local indeterminacy and sunspots as tariff rates are endogenously...
Persistent link: https://www.econbiz.de/10005837529
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PAYG pensions, tax-cum-subsidy and optimality
Fanti, Luciano; Gori, Luca - Volkswirtschaftliche Fakultät, … - 2010
Using a simple OLG small open economy with endogenous fertility we show that the command optimum can be decentralised in a market setting using both a PAYG transfer from the young (old) to the old (young) and a tax-cum-subsidy (subsidy-cum-tax) policy, to redistribute within the working age...
Persistent link: https://www.econbiz.de/10008545983
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A Small Open Economy with Heterogenous Agents Facing Interest Rate Ceilings on Loans
Arend, Mario - Volkswirtschaftliche Fakultät, … - 2009
The aim of this paper is to explore the effects of interest rate ceilings in a small open economy. In order to account for many individuals and lending, a model with heterogenous agents is considered. The investigation is focused on two issues: first, how effective are interest rate ceilings at...
Persistent link: https://www.econbiz.de/10008550051