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Gradual Output Adjustment and Expansionary Monetary Policy

Lawler, Philip - In: Journal of Economic Studies 19 (1992) January, pp. 48-61

Examines the effects of a monetary expansion on certain key macroeconomic variables, in particular the nominal exchange rate, competitiveness, and domestic output and employment, using a modified version of the Dornbusch (Journal of Political Economy, 1976) model. Dornbusch's original analysis...

Persistent link: https://www.econbiz.de/10008481964

Bivariate and multivariate tests of the inflation-productivity Granger-temporal causal relationship: evidence from Greece

Papapetrou, Evangelia - In: Journal of Economic Studies 28 (2001) September, pp. 213-226

Examines the causality issue, in a Granger-temporal causal sense, between price level and productivity in a bivariate and multivariate context in Greece over the period 1962-1997. The empirical analysis employs various time-series techniques such as unit-root testing, bivariate and multivariate...

Persistent link: https://www.econbiz.de/10004976581

Forecasting of foreign exchange rate by normal mixture models

Jung, Chulho - In: Journal of Economic Studies 22 (1995) January, pp. 45-57

exchange rate models and switches from one model to another probabilistically, depending on supply shocks or government policy … models can then be estimated simultaneously. Uses the estimated parameters of the model to forecast foreign exchange rate …, and then four foreign exchange rate models are used to estimate the NMM. The out-of-sample forecasting results obtained …

Persistent link: https://www.econbiz.de/10005003232

Entry Effects under Classical Oligopoly

Molho, Ian - In: Journal of Economic Studies 21 (1994) October, pp. 19-25

Sets out a version of a standard conjectural-variations oligopoly model, and investigates the properties of that model with respect to the effects of entry. Shows within this context that entry unambiguously reduces incumbents' margins and output, while raising industry output. Also shows that...

Persistent link: https://www.econbiz.de/10005003245

By-products and Effective Protection

Greenaway, David; Reed, Geoffrey; Hassan, Refaat - In: Journal of Economic Studies 21 (1994) October, pp. 31-36

The standard measures of effective protection calculate EPRs by reference to an activity's principal product. In many activities by-products which have a positive economic value are important. Revises the standard measures to allow for the incorporation of by-products and uses an example to...

Persistent link: https://www.econbiz.de/10005003251

An error correction approach to modelling money balances and reserves

Civcir, I.; Parikh, A. - In: Journal of Economic Studies 25 (1998) September, pp. 277-295

The objective of this study is to propose an economic model of the nominal money balances and reserves in the Turkish economy during the period 1960-1988. As most of the variables show unit root non-stationarity, an approach based on the error correction system (Phillips, 1991) is adopted. The...

Persistent link: https://www.econbiz.de/10005003274

Real wage rigidity and anticipated fiscal policy

Lawler, Phillip - In: Journal of Economic Studies 23 (1996) September, pp. 3-17

Examines the implications of real wage rigidity for anticipated fiscal policy in the context of a small open economy operating a floating exchange rate. Employs an extended version of a Mundell-Fleming model, containing an explicit treatment of the supply side, in which domestic output depends...

Persistent link: https://www.econbiz.de/10005003293

Foreign investment location in less developed countries: a theoretical framework

Jalilian, H. - In: Journal of Economic Studies 23 (1996) September, pp. 18-30

Attempts to incorporate the “new forms” of foreign investment into a unified model. Uses this simple model to show how differences in production environment in particular, are likely to affect both the timing and mode(s) that any foreign investment is likely to take. The explanatory...

Persistent link: https://www.econbiz.de/10005003296

Aggregation and the Welfare Analysis of US Tariffs

Arce, Hugh M.; Reinert, Kenneth A. - In: Journal of Economic Studies 21 (1994) October, pp. 26-30

A recurrent concern of researchers who measure the cost of protection is that welfare estimates based on models with …

Persistent link: https://www.econbiz.de/10005003301

A Green GNP Model and Sustainable Growth

Choi, Yong-Yil - In: Journal of Economic Studies 21 (1994) October, pp. 37-45

While there is strong consensus at the conceptual level about sustainable development there are few formal models that …

Persistent link: https://www.econbiz.de/10005003316