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South Africa’s economic response to monetary policy uncertainty

Balcilar, Mehmet; Gupta, Rangan; Jooste, Charl - In: Journal of Economic Studies 44 (2017) 2, pp. 282-293

volatility to evaluate the sign and size of uncertainty shocks. The authors use a nonlinear DSGE model to gain deeper insights … a contemporaneous decrease. The DSGE model shows that the size of the uncertainty shock matters – high uncertainty can … monetary policy uncertainty into South Africa using a stochastic volatility model and a nonlinear DSGE model. The results …

Persistent link: https://www.econbiz.de/10014864375

Constructing macroeconomic performance index of Indian states using DEA

Sahoo, Biresh K.; Acharya, Debashis - In: Journal of Economic Studies 39 (2012) January, pp. 63-83

Purpose – The purpose of this paper is to construct a robust macroeconomic performance (MEP) index of the State economies of an emerging market economy, i.e. India. Design/methodology/approach – Two variants of data envelopment analysis (DEA) models – radial and non-radial – are proposed...

Persistent link: https://www.econbiz.de/10009421141

Macroeconomic determinants of remittances for a dollarized economy: the case of El Salvador

Castillo-Ponce, Ramon A.; Torres-Preciado, Victor Hugo; … - In: Journal of Economic Studies 38 (2011) November, pp. 562-576

Purpose – Traditionally, remittances have been analyzed in the context of their socioeconomic impact on the receiving communities. Consequently, little is known about the macroeconomic factors that influence their behavior. This paper aims to evaluate the importance of several macroeconomic...

Persistent link: https://www.econbiz.de/10010814534

The contribution of remittances to growth: A dynamic approach and empirical analysis

Glytsos, Nicholas P. - In: Journal of Economic Studies 32 (2005) October, pp. 468-496

Purpose – The aim of this paper is to investigate the impact of exogenous shocks of remittances on consumption, investment, imports and output in five Mediterranean countries. Design/methodology/approach – This paper builds a Keynesian type econometric model with a dynamic perspective and a...

Persistent link: https://www.econbiz.de/10004964078

Macroeconomic variables and the Malaysian equity market: A view through rolling subsamples

Ibrahim, Mansor H.; Aziz, Hassanuddeen - In: Journal of Economic Studies 30 (2003) January, pp. 6-27

Analyzes dynamic linkages between stock prices and four macroeconomic variables for the case of Malaysia using standard and well-accepted methods of cointegration and vector autoregression. Empirical results suggest the presence of a long-run relationship between these variables and the stock...

Persistent link: https://www.econbiz.de/10004964100

Money and Inflation – A New Macroeconomic Analysis

Bortis, Heinrich - In: Journal of Economic Studies 31 (2004) May, pp. 158-164

Presents a review of Money and Inflation – A New Macroeconomic Analysis (Sergio Rossi (with a Foreword by Mauro Baranzini and Alvaro Cencini) Edward Elgar Cheltenham, UK and Northampton, MA, USA 2001 li + 238 pp.)

Persistent link: https://www.econbiz.de/10004964114

Tax evasion and financial repression: a reconsideration using endogenous growth models

Gupta, Rangan; Ziramba, Emmanuel - In: Journal of Economic Studies 36 (2009) November, pp. 660-674

Purpose – This paper aims at developing a theoretical model of a world economy characterized by tax evasion. It seeks to analyze whether financial repression can be explained by tax evasion. Design/methodology/approach – The analysis is performed in overlapping generations dynamic general...

Persistent link: https://www.econbiz.de/10008474851

Unemployment Revisited

Nickell, Stephen - In: Journal of Economic Studies 20 (1993) January, pp. 136-140

Discusses a number of issues put forward by the other authors in this volume. In particular considers the potential role of real interest rates in unemployment models, the importance of the trade balance and related constraints in open economy models and the uniqueness and stability of...

Persistent link: https://www.econbiz.de/10004987094

Openness, Imperfect Competition and the NAIRU

Harrigan, Frank; McGregor, Peter G.; Swales, Kim; Yin, … - In: Journal of Economic Studies 20 (1993) January, pp. 52-72

Considers the treatment of openness and imperfect competition in the influential analysis of Layard, Nickell and Jackman's (LNJ's) Unemployment: Macroeconomic Performance and the Labour Market. Clarifies and completes LNJ's treatment of openness through the provision of explicit analytical...

Persistent link: https://www.econbiz.de/10004987098

Is There a Cointegrating Vector for UK Wages?

Darby, Julia; Wren-Lewis, Simon - In: Journal of Economic Studies 20 (1993) January, pp. 87-115

An understanding of the determination of real wages is crucial in analysing the determination of the natural rate of unemployment or NAIRU. Uses cointegration techniques to examine a core theoretical model of the long-run determinants of real wages involving unit labour costs, unemployment,...

Persistent link: https://www.econbiz.de/10004987101