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Flattening of the Phillips Curve and the Role of Oil Price: An Unobserved Components Model for the USA and Australia

Paradiso, Antonio; Rao, B. Bhaskara - Volkswirtschaftliche Fakultät, … - 2011

We use the unobserved components model of Harvey (1989 and 2011) to estimate the Phillips curve (PC) for the USA and Australia, by augmenting it with oil prices. We found that the level coefficient of inflation and the coefficient of demand pressure have declined and contributed to the...

Persistent link: https://www.econbiz.de/10008871202

How Rational are the Expected Inflation Rate in Australia?

Paradiso, Antonio; Rao, B. Bhaskara - Volkswirtschaftliche Fakultät, … - 2011

This paper uses the methodology of Pearce (1979) and Bhagestani and Noori (2008) to show that the expected rate of inflation by the market participants in Australia is more rational than the household survey forecasts by the Melbourne Institute.

Persistent link: https://www.econbiz.de/10008835342

Government Debt and its Macroeconomic Determinants – An Empirical Investigation

Swamy, Vighneswara - Volkswirtschaftliche Fakultät, … - 2015

, political governance groupings and income groupings of countries in addition to the full sample. Panel Granger causality testing …

Persistent link: https://www.econbiz.de/10011272691

Government Debt and Economic Growth – Decomposing the Cause and Effect Relationship

Swamy, Vighneswara - Volkswirtschaftliche Fakultät, … - 2015

growth. Further, by employing panel vector auto regressions (PVAR) approach, this study decomposes the cause and effect …

Persistent link: https://www.econbiz.de/10011272700

Government Debt and Economic Growth: Estimating the Debt Thresholds and Debt Intolerance

Swamy, Vighneswara - Volkswirtschaftliche Fakultät, … - 2015

The surge of government debt during the post-global financial crisis and the ongoing euro zone sovereign debt crisis has begun raising concerns whether government debt levels have hit the tipping points. This study offers to contribute in the following ways: First, we find out whether the...

Persistent link: https://www.econbiz.de/10011262867

The Dynamics of Government Debt and Economic Growth

Swamy, Vighneswara - Volkswirtschaftliche Fakultät, … - 2015

The dynamics of government debt and economic growth, once a subject of interest mostly to very few macroeconomists is suddenly of immense attention for many researchers in the backdrop of Euro zone sovereign debt crisis and Reinhart & Rogoff’s related research. This study investigates the...

Persistent link: https://www.econbiz.de/10011262868

Demand for Money in the Selected OECD Countries: A Time Series Panel Data Approach and Structural Breaks

Kumar, Saten; Chowdhury, Mamta; Rao, B. Bhaskara - Volkswirtschaftliche Fakultät, … - 2010

Time series panel data estimation methods are used to estimate cointegrating equations for the demand for money (M1 …) for a panel of 11 OECD countries. The effects of financial reforms are analysed with structural break tests and estimates …

Persistent link: https://www.econbiz.de/10008470467

Error-Correction Based Panel Estimates of the Demand for Money of Selected Asian Countries with the Extreme Bounds Analysis

Rao, B. Bhaskara; Kumar, Saten - Volkswirtschaftliche Fakultät, … - 2010

demand for money in a panel of 17 Asian countries for the period 1970 to 2009. These robust determinants are found to be unit … root variables. Therefore, cointegration between these variables is tested with a recent time series panel method developed … useful guidelines to estimate other relationships with panel data. …

Persistent link: https://www.econbiz.de/10008753092