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Un essai d'estimation de la production potentielle au Liban

Macdissi, Charbel; Verne, Jean-François - In: Brussels Economic Review 52 (2009) 2, pp. 143-159

Cet article propose une estimation de la production potentielle et un modèle d’écart de production au Liban en utilisant plusieurs méthodes statistiques comme la méthode de la tendance linéaire, le filtre d’Hodrick-Prescott et la méthode de la tendance segmentée. Dans la mesure où le...

Persistent link: https://www.econbiz.de/10008876541

Inflation, Interest Rate and Innovations in Pre-WWI Germany (1878-1913)

Wallusch, Jacek; Baltzer, Markus - In: Brussels Economic Review 52 (2009) 3/4, pp. 275-288

models we found a small, positive and significant response of CPI inflation to the technological shock. No significant … influence of interest rates on inflation was found. …

Persistent link: https://www.econbiz.de/10008868104

In Search of Inflation Rate Compatible with Growth Target in CEMAC Countries

Mantsie, Rufin-Willy - In: Brussels Economic Review 55 (2012) 4, pp. 329-350

Inflation produces adverse effects to growth in economies. However, economic analysis faces aproblem of determining the … threshold at which inflation becomes harmful to the economy. Inthis article we try to determine the inflation rate favorable to …

Persistent link: https://www.econbiz.de/10010691836

INFLATION ET OBJECTIF DE MONNAIE UNIQUE DANS LES PAYS DE LA CEDEAO :CONVERGENCE NOMINALE VERSUS VARIABILITE RELATIVE DES PRIX: INFLATION AND COMMON CURRENCY GOAL IN ECOWAS :NOMINAL...

TANIMOUNE, NASSER ARY; Semedo, Gervasio - In: Brussels Economic Review 56 (2013) 3-4, pp. 261-289

RESUME:La présente contribution analyse les expériences d’inflation dans les pays de la CommunautéÉconomique des États …, une convergence nominale bien perceptiblede l’inflation et d’autre part, des prix relatifs nationaux assez variables …. Ainsi, si l’évolutionsouhaitée de l’inflation autour de la norme communautaire de 5% d’inflation est vertueuse, etdonc …

Persistent link: https://www.econbiz.de/10011015283

Price Dynamics In Japan (1981-2001): A Structural Analysis Of Mechanisms In The Goods And Labor Markets

Canry, Nicolas; Fouquau, Julien; Lechevalier, Sébastien - In: Brussels Economic Review 53 (2010) 3/4, pp. 357-374

In this paper, we focus on the real dimension of the price dynamics in Japan between 1980 and 2000. We use a panel industry dataset to analyze the impact of institutional and structural factors on the heterogeneous price dynamics of 10 manufacturing sectors. Although the evolution of unit labor...

Persistent link: https://www.econbiz.de/10008876546

Fluctuations de Change et Performances Economiques

Drine, Imed; Rault, Christophe - In: Brussels Economic Review 50 (2007) 4, pp. 427-444

Ce travail a pour objet d'analyser les conséquences des variations de change sur les performances économiques. L'étude réalisé e sur un panel de pays en développement à l'aide de techniques économétriques en séries temporelles et en donné es de panel révèle d'une part, une relation...

Persistent link: https://www.econbiz.de/10008868085

The New Keynesian Phillips Curve For The Euro Area: Which Specification?

Carré, Emmanuel - In: Brussels Economic Review 53 (2010) 3/4, pp. 337-356

The New Keynesian Phillips Curve (NKPC) specification in the Euro area is controversial. For some it is purely forward-looking, when others incorporate a backward-looking component into a ‘hybrid’ NKPC (HNKPC). This article contributes to this debate first by drawing stylised facts of the...

Persistent link: https://www.econbiz.de/10008873429

REVISITING THE FINANCIAL VOLATILITY–DERIVATIVE PRODUCTS RELATIONSHIP ON EURONEXT.LIFFE USING A FREQUENCY DOMAIN ANALYSIS

ALBULESCU, CLAUDIU TIBERIU; Goyeau, Daniel; TIWARI, … - In: Brussels Economic Review 56 (2013) 3-4, pp. 349-364

ABSTRACT:The present paper analyses the relationship between the volume of transactions with futuresequity index products and the return volatility of their underlying assets. The study addressesthe case of five stock markets, members of the Euronext.liffe. We employ a frequency domainanalysis...

Persistent link: https://www.econbiz.de/10011015295

The Impact of the Financial Crisis on the Currency Risk Premium Dynamics within the G20 :Evidence from the ICAPM

Boubakri, Salem - In: Brussels Economic Review 55 (2012) 1, pp. 33-73

This study tests an international extension of the Capital Asset Pricing Model (CAPM),integrating two sources of risk: the first is related to the international financial market and thesecond is related to the domestic market. Our model takes into account the financial integrationdynamics of...

Persistent link: https://www.econbiz.de/10010583708

The production function approach to the Belgian output gap, estimation of a multivariate structural time series model

Moës, Philippe - In: Brussels Economic Review 49 (2006) 1, pp. 59-91

A multivariate structural time series model is applied to the factor inputs of a production function to estimate the Belgian output gap. The number of independent cycles and the frequencies are not restricted a priori. Phase shifts are introduced to allow for leads and lags. Over 1983-2004, a...

Persistent link: https://www.econbiz.de/10005818102