Showing 1 - 10 of 852
This paper examines short-run determinants of the U.S. dollar/Malaysian ringgit (USD/MYR) exchange rate based on a simultaneous-equation model. Applying the EGARCH model, the paper finds that the USD/MYR exchange rate is positively associated with the Malaysian real government Treasury bill...
Persistent link: https://www.econbiz.de/10011199642
This paper examines the presence of non-linear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for …-linearities with respect to the inflation environment. We find strong evidence that pass-through respond non-linearly to inflation … level for 8 out of 12 EA countries, that is, the transmission of exchange rate is higher when inflation rate surpass some …
Persistent link: https://www.econbiz.de/10011278670
This paper examines an intricate relationship between inflation rate and unemployment rate in the Philippines by … inflation rates and unemployment in the Philippines. In other words, the current study offered an additional empirical support …
Persistent link: https://www.econbiz.de/10010684831
article investigates whether the adoption of the euro was accompanied by an increase in inflation and how far it affected … developments in price dispersion. Our results indicate that the Eurozone inflation rate after the introduction of the euro is on …
Persistent link: https://www.econbiz.de/10008500619
This paper addresses the relationship between debt and interest rates within the context of the European Monetary Union …
Persistent link: https://www.econbiz.de/10008671741
Buiter (1981) illustrates that in the OLG model, the ranking of stationary utility levels under autarky and openness, is ambiguous. We show that both countries increase their stationary utility levels only if the autarky capital-labor ratios are on opposite sides of the golden rule.
Persistent link: https://www.econbiz.de/10010889802
This paper explores the relationship between fiscal deficit, trade deficit and private consumption in European countries in the years 1970-2010. The aim of the study is to test empirically the validity and rationale of the Keynesian proposition (conventional view or Twin Deficits hypothesis) and...
Persistent link: https://www.econbiz.de/10011278649
This paper aims to investigate the impact of the bond/money ratio on the nominal interest rate. The econometric model chosen fits a dynamic panel data for Canada, Japan and US over the period 1980-2006. We found empirical evidence that Ricardian Equivalence does not hold. The analysis indicates,...
Persistent link: https://www.econbiz.de/10008562809
debt in the sense that it binds intertemporal government budget constraint. And we compare our result with the former paper … about testing the government debt sustainability. As a result, we declare that all of these papers are sufficient condition …
Persistent link: https://www.econbiz.de/10011278601
This paper aims to analyze the nexus between disaggregated public spending and GDP in the Euro Area for the period 1990-2010 at a disaggregated level, using a time series approach. We estimated this nexus for ten items of public spending according to the COFOG functional classification. Taking...
Persistent link: https://www.econbiz.de/10011278750