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Determinants of Inflation in the Islamic Republic of Iran : A Macroeconomic Analysis
Liu, Olin; Adedeji, Olumuyiwa - 2021
This study establishes a framework for analyzing the major determinants of inflation in the Islamic Republic of Iran …, and goods. Results strongly support the need for a sustained prudent monetary policy in order to reduce inflation and … inflation that, in turn, intensifies asset substitution (from money to foreign exchange), thereby weakening real demand for …
Persistent link: https://www.econbiz.de/10013317882
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What Matters for Financial Development and Stability?
Almarzoqi, Raja - 2015
levels of development and benchmarks predicted by structural variables. Our dynamic panel estimation shows that inflation …
Persistent link: https://www.econbiz.de/10013015608
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Monetary Policy Transmission and Financial Stability in a LIC : The Case of Bangladesh
Rafiq, Sohrab - 2016
large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via … if the calibration of monetary policy is based solely on output and inflation without accounting for the stage of the …
Persistent link: https://www.econbiz.de/10013002148
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The Impact of Global Liquidity on Financial Landscapes and Risks in the ASEAN-5 Countries
Sun, Tao - 2015
This paper analyzes the transmission of global liquidity to the ASEAN-5 countries (ASEAN-5), including the impact on financial landscapes and risks to financial stability. It finds that global liquidity transmission and changing financial landscapes have contributed to increases in risks to...
Persistent link: https://www.econbiz.de/10013011196
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From Volatility to Stability in Expenditure : Stabilization Funds in Resource-Rich Countries
Sugawara, Naotaka - 2014
This paper examines the effect of stabilization funds on the volatility of government expenditure in resource-rich countries. Using a panel data set of 68 resource-rich countries over 1988–2012, the results find that the existence of stabilization funds contributes to smoothing government...
Persistent link: https://www.econbiz.de/10013055676
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Should Korea Worry About a Permanently Weak Yen?
Ree, Jack - 2015
Three years have passed since the Bank of Japan's asset purchase program was introduced in 2011, causing a sharp decline in the value of the Japanese Yen. What would be the implications for Japan and Korea's exporters if the weak Yen is here to stay? We explore this question by examining...
Persistent link: https://www.econbiz.de/10013016594
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How Did Markets React to Stress Tests?
Candelon, Bertrand - 2015
We use event study methods to compare the market reaction to U.S. and EU-wide stress tests performed from 2009 to 2013. Typically, stress tests have a positive impact on stressed banks' returns. While the 2009 U.S. stress test had a large positive outcome, the impact of subsequent U.S. exercises...
Persistent link: https://www.econbiz.de/10013023274
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The Sources of Business Cycles in a Low Income Country
Houssa, Romain - 2015
We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and commodity price shocks. We identify the shocks with a combination of sign and recursive restrictions...
Persistent link: https://www.econbiz.de/10013025500
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Expenditure Rules : Effective Tools for Sound Fiscal Policy?
Cordes, Till - 2015
This paper provides new evidence on the effectiveness of expenditure rules. The analysis is based on a unique dataset covering all countries with national and supranational fiscal rules, including 33 expenditure rules, between 1985 and 2013. It contributes to the existing literature on fiscal...
Persistent link: https://www.econbiz.de/10013026921
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The Sooner (and the Smarter), the Better : COVID-19 Containment Measures and Fiscal Responses
Hosny, Amr - 2021
This paper finds empirical evidence that faster and smarter containment measures were associated with lower fiscal responses to the COVID-19 shock. We also find that initial conditions, such as fiscal space, income, health preparedness and budget transparency were important in shaping the amount...
Persistent link: https://www.econbiz.de/10013226437