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Monetary Policy Rules in Emerging Countries : Is There an Augmented Nonlinear Taylor Rule?

Caporale, Guglielmo Maria - 2016

This paper examines the Taylor rule in five emerging economies, namely Indonesia, Israel, South Korea, Thailand, and Turkey. In particular, it investigates whether monetary policy in these countries can be more accurately described by (i) an augmented rule including the exchange rate, as well as...

Persistent link: https://www.econbiz.de/10012986234

On the Persistence of UK Inflation : A Long-Range Dependence Approach

Caporale, Guglielmo Maria - 2018

This paper examines the degree of persistence in UK inflation by applying long-memory methods to historical data that span the period from 1660 to 2016. Specifically, we use both parametric and non-parametric fractional integration techniques, that are more general than those based on the...

Persistent link: https://www.econbiz.de/10012917992

Interior matching equilibria in a public good economy : an aggregative game approach

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - In: Journal of public economics 95 (2011) 7/8, pp. 639-645

Persistent link: https://www.econbiz.de/10009270537

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard C.; Rübbelke, Dirk … - 2021

-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome under supply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyze their effect …

Persistent link: https://www.econbiz.de/10013315882

Pareto Improvement through Unilateral Matching of Public Good Contributions: The Role of Commitment

Buchholz, Wolfgang; Cornes, Richard; Peters, Wolfgang; … - CESifo - 2014

When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the …

Persistent link: https://www.econbiz.de/10010877815

Existence and Warr Neutrality for Matching Equilibria in a Public Good Economy : An Aggregative Game Approach

Buchholz, Wolfgang - 2010

under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make … is a crucial determinant for the existence of interior matching equilibria. In addition, we explore which matching … optimal solutions through matching …

Persistent link: https://www.econbiz.de/10013149366

Matching as a Cure for Underprovision of Voluntary Public Good Supply: Analysis and an Example

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - CESifo - 2011

Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner …

Persistent link: https://www.econbiz.de/10008872210

Potentially Harmful International Cooperation on Global Public Good Provision

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - CESifo - 2012

-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome undersupply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyse their effect …

Persistent link: https://www.econbiz.de/10010559785

EU Banks Rating Assignments : Is there Heterogeneity between New and Old Member Countries?

Caporale, Guglielmo Maria - 2013

We model EU countries' bank ratings using financial variables and allowing for intercept and slope heterogeneity. Our aim is to assess whether “old” and “new” EU countries are rated differently and to determine whether “new” ones are assigned lower ratings, ceteris paribus, than...

Persistent link: https://www.econbiz.de/10013094667