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Asymmetric Effects of Economic Activityon Inflation : Evidence and Policy Implications

Laxton, Douglas - 1994

This paper examines the evidence on asymmetries in the effects of activity on inflation. Data for the G-7 countries are found to strongly support the view that the inflation-activity relationship is nonlinear, with high levels of activity raising inflation by more than low levels decrease it. In...

Persistent link: https://www.econbiz.de/10014395931

Jumps, Martingales, and Foreign Exchange Futures Prices

Hu, Zuliu - 1996

A common specification about the behavior of foreign exchange spot and futures prices is that they follow continuous diffusion processes. The empirical regularities uncovered from daily and weekly currency futures data, however, cast doubts on the validity of this model. First, contrary to the...

Persistent link: https://www.econbiz.de/10014396000

Government Spending, Taxes, and Economic Growth

Cashin, Paul A. - 1994

This paper develops an endogenous growth model of the influence of public investment, public transfers, and distortionary taxation on the rate of economic growth. The growth-enhancing effects of investment in public capital and transfer payments are modeled, as is the growth-inhibiting influence...

Persistent link: https://www.econbiz.de/10014396020

The Macroeconomic Determinants of Commodity Prices

Borensztein, Eduardo - 1994

The “traditional structural approach” to the determination of real commodity prices has relied exclusively on demand factors as the fundamentals that explain the behavior of commodity prices. This framework, however, has been unable to explain the marked and sustained weakness in commodity...

Persistent link: https://www.econbiz.de/10014396109

Export Instability and the External Balance in Developing Countries

Ghosh, Atish R. - 1994

Uncertainty about the export earnings accruing to a country (sometimes referred to as export instability) is an important source of macroeconomic uncertainty in many developing countries. Theory predicts that countries should react to increases in this form of uncertainty by increasing their...

Persistent link: https://www.econbiz.de/10014396260

Taxation of Petroleum Products : Theory and Empirical Evidence

Gupta, Poonam - 1994

The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for...

Persistent link: https://www.econbiz.de/10014396312

Information Content of DQAF Indicators : Empirical Entropy Analysis

Mrkaic, Mico - 2010

The study presents an analysis of the information content of IMF’s Data Quality Assessment Framework (DQAF) indicators …. There are significant differences in the quantity of information between DQAF dimensions and sub-dimensions. The most … DQAF indicators do not maximize the amount of information that could be obtained during data ROSC missions. An additional …

Persistent link: https://www.econbiz.de/10014397171

Assessing the Variability of Tax Elasticities in Lithuania

Poghosyan, Tigran - 2011

This paper quantifies the variability of tax elasticities in Lithuania using two alternative methods: rolling regressions and pooled mean group estimator. The analysis is motivated by the systematic variation of tax revenues observed over the economic cycle in the recent past. Both methods...

Persistent link: https://www.econbiz.de/10014397367

Commodity Windfalls, Polarization, and Net Foreign Assets : Panel Data Evidenceon the Voracity Effect

Bruckner, Markus - 2010

This paper examines the effect that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...

Persistent link: https://www.econbiz.de/10014397619

Schumacher, Liliana - 2011

This paper proposes and demonstrates a methodology for modeling correlated systemic solvency and liquidity risks for a banking system. Using a forward looking simulation of many risk factors applied to detailed balance sheets for a 10 bank stylized United States banking system, we analyze...

Persistent link: https://www.econbiz.de/10014397686