Narrow search
Showing 1 - 10 of 1,511
Cover Image
Imperfect Information and Saving in a Small Open Economy
Roitman, Agustin - 2011
Emerging markets are more volatile and face different types of shocks, in size and nature, compared to their developed counterparts. Accurate identification of the stochastic properties of shocks is difficult. We show evidence suggesting that uncertainty about the underlying stochastic process...
Persistent link: https://www.econbiz.de/10014402067
Cover Image
Endogenous Time Preference and Endogenous Growth
Zee, Howell H. - 1994
savings rate …
Persistent link: https://www.econbiz.de/10014398750
Cover Image
Modeling Stochastic Volatility with Application to Stock Returns
Krichene, Noureddine - 2003
A stochastic volatility model where volatility was driven solely by a latent variable called news was estimated for three stock indices. A Markov chain Monte Carlo algorithm was used for estimating Bayesian parameters and filtering volatilities. Volatility persistence being close to one was...
Persistent link: https://www.econbiz.de/10014400143
Cover Image
An Estimated Dynamic Stochastic General Equilibrium Model of the Jordanian Economy
Poghosyan, Tigran - 2011
This paper presents and estimates a small open economy dynamic stochastic general-equilibrium model (DSGE) for the Jordanian economy. The model features nominal and real rigidities, imperfect competition and habit formation in the consumer’s utility function. Oil imports are explicitly modeled...
Persistent link: https://www.econbiz.de/10014402907
Cover Image
A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon
Gardner, E. H. - 2008
This paper applies a simple probabilistic approach to debt sustainability analysis to the case of Lebanon. The paper derives ""fan charts"" to depict the probability distribution of the government debt to GDP ratio under a medium-term adjustment scenario, as a result of shocks to GDP growth and...
Persistent link: https://www.econbiz.de/10014401863
Cover Image
Stochastic Volatilities and Correlations, Extreme Values and Modeling the Macroeconomic Environment, Under Which Brazilian Banks Operate
Souto, Marcos - 2007
Using monthly data for a set of variables, we examine the out-of-sample performance of various variance/covariance models and find that no model has consistently outperformed the others. We also show that it is possible to increase the probability mass toward the tails and to match reasonably...
Persistent link: https://www.econbiz.de/10014399716
Cover Image
Demographics, old-age transfers and the current account
Dao, Mai; Jones, Callum - 2018
-run capital flows in both theory and in the data. For this purpose, we develop a two region overlapping generations model where …
Persistent link: https://www.econbiz.de/10011978549
Cover Image
Neglected Heterogeneity and Dynamics in Cross-Country Savings Regressions
International Monetary Fund - 1999
This paper examines the extent to which conclusions of cross-country studies of private savings are robust to allowing … for the possible heterogeneity of savings behavior across countries and the inclusion of dynamics. It shows that … neglecting heterogeneity and dynamics can lead to misleading inferences about the key determinants of savings behavior. The …
Persistent link: https://www.econbiz.de/10014400163
Cover Image
Current Account and Precautionary Savings for Exporters of Exhaustible Resources
Bems, Rudolfs - 2009
, suggesting a heightened role for precautionary savings. This paper uses a parameterized small open economy model to quantify the … role of precautionary savings in economies with exhaustible resources, when the only source of uncertainty is the price of … the exhaustible resource. Results show that the precautionary motive can generate sizable external sector savings. When …
Persistent link: https://www.econbiz.de/10014402572
Cover Image
Trade and Domestic Financial Market Reform Under Political Uncertainty : Implications for Investment, Savings, and the Real Exchange Rate
Bhattacharya, Rina - 2000
financial liberalization on domestic investment and savings, the current account balance and the real exchange rate, both when …
Persistent link: https://www.econbiz.de/10014403509