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A note on firm entry, markups and the business cycle

Cavallari, Lilia - In: Economic Modelling 35 (2013) C, pp. 528-535

This paper proposes a monetary model with firm entry as a means for alleviating the difficulties of real business cycle models in reproducing the smoothness and persistence of macroeconomic variables together with the volatility of profits and markups. Simulations show that my baseline model...

Persistent link: https://www.econbiz.de/10010719410

ARDL bounds tests and robust inference for the long run relationship between real stock returns and inflation in Australia

Rushdi, Mustabshira; Kim, Jae H.; Silvapulle, Param - In: Economic Modelling 29 (2012) 3, pp. 535-543

This paper conducts an empirical investigation into the long run relationship between real stock returns and inflation … in Australia by employing the ARDL bounds tests. There exists a stock return–inflation long run relationship, and the … made on the long run return–inflation relationship. The empirical results show that the expected inflation had no …

Persistent link: https://www.econbiz.de/10010577128

Tourism–growth nexus in Pakistan: Evidence from ARDL bounds tests

Jalil, Abdul; Mahmood, Tahir; Idrees, Muhammad - In: Economic Modelling 35 (2013) C, pp. 185-191

This study is an attempt to test the long run relationship between international tourism and economic growth of Pakistan by using Autoregressive Distributed Lag (ARDL) models over the period of 1972 to 2011. The initial results show that the causality runs from tourism to economic growth....

Persistent link: https://www.econbiz.de/10010719369

Evaluating a vector of the Fed’s forecasts

Sinclair, Tara M.; Stekler, H.O.; Carnow, Warren - In: International Journal of Forecasting 31 (2015) 1, pp. 157-164

forecasts. Finally, we use the same methodology to determine whether the Fed’s forecasts of GDP growth, inflation, and …

Persistent link: https://www.econbiz.de/10011117240