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of Brent crude oil have on inbound tourism demand (tourist arrivals) from Poland, Slovakia, Germany, and Austria in the … variable are considered. To achieve this aim, cointegration analysis under the VECM approach is applied. The results show that … negatively to changes in tourism prices in the Czech Republic. Tourists from Germany and Poland do not respond to changes in the …
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This paper assesses whether productivity and unemployment have a stable long-run relationship. We explore a panel of 19 OECD countries between 1970 and 2012 and rely on recently developed time series econometric methods. Our findings suggest that unemployment and productivity are non-stationary...
Persistent link: https://www.econbiz.de/10011862509
among European countries, analysing weekly data and applying cointegration models. Regarding the pandemic's intensity, we …
Persistent link: https://www.econbiz.de/10014339722
This paper surveys the existing literature on the relationship between inflation and economic growth in developed and … developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on … overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However …
Persistent link: https://www.econbiz.de/10011875376
years of restrictions, growing debts and money supply, and extremely high inflation. This research analyses the Harmonised … Index of Consumer Prices (HICP) in the service industries of the EU-27, comparing it to overall inflation and price growth … inflation and substantiates the need for monetary policy measures to slow down inflation. …
Persistent link: https://www.econbiz.de/10014529553
The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and … inflation in the countries studied during the above period were unidirectional. To verify this hypothesis, two basic research …
Persistent link: https://www.econbiz.de/10015063564
This paper examines the predictive ability of the expectations hypothesis of the term structure of interest rates in the BRICS and G7 countries by relating each country’s monthly 3‑month Treasury bill rate to 10‑year government bond rates, from May 2003 to May 2018. The panel ARDL model,...
Persistent link: https://www.econbiz.de/10012665036