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Macrostabilisation Policy in Mainland China’s Open Economy
Chen, Chien-Hsun; Bourlakis, Constantine - In: Journal of Economic Studies 18 (1991) January, pp. 57-64
stabilisation policy on the internal and external balances. An expansionary monetary or fiscal policy in particular through its …
Persistent link: https://www.econbiz.de/10008459567
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Combination Monetary Feedback Rule Affects Output
Chen, Chien‐Hsun - In: Journal of Economic Studies 17 (1990) 2
The effectiveness of combination monetary feedback rule and fiscal policy under rational expectations is examined. The … fiscal policy takes into account not only a progressive tax structure but also government expenditure. The model consists of …. Therefore the behaviour of real output is influenced not only by the disturbance terms but also by the policy parameters of the …
Persistent link: https://www.econbiz.de/10014863381
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Macrostabilisation Policy in Mainland China’s Open Economy
Chen, Chien‐Hsun - In: Journal of Economic Studies 18 (1991) 1
stabilisation policy on the internal and external balances. An expansionary monetary or fiscal policy in particular through its …
Persistent link: https://www.econbiz.de/10014863392
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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
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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
order. When we control for fluctuations of overall economic activity and monetary policy on the bivariate relationship …
Persistent link: https://www.econbiz.de/10004976581
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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
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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
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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
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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
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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 … present, where such a policy has an initial contractionary impact. …
Persistent link: https://www.econbiz.de/10005003293