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Integration, Kointegration und die Langzeitprognose von Kreditausfallzyklen
Wagatha, Matthias - Volkswirtschaftliche Fakultät, … - 2007
of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005789941
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Integration, Kointegration und die Langzeitprognose von Kreditausfallzyklen
Wagatha, Matthias - Volkswirtschaftliche Fakultät, … - 2007
of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005622096
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Cointegration between Investment and Saving in Selected Asian Countries: ARDL Bounds Testing Procedure
Jiranyakul, Komain; Brahmasrene, Tantatape - Volkswirtschaftliche Fakultät, … - 2008
developing countries. Using bounds testing for cointegration, the results do not support a positive correlation between savings …This paper investigates empirically the relationship between savings and investment in Indonesia, Philippines and …
Persistent link: https://www.econbiz.de/10011107636
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Money Demand and Inflation: A Cointegration Analysis for Canada
Lubello, Federico - Volkswirtschaftliche Fakultät, … - 2011
money demand in Canada during the period 1983–2011. To this end, I set up a vector-error correction model with an … appropriate lag order and test for cointegration by means of the Bartlett corrected trace test. I estimate the long-run money … and check the stability of the resulting cointegration relationships. …
Persistent link: https://www.econbiz.de/10011113103
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How important are real interest rates for oil prices?
Arora, Vipin; Tanner, Matthew - Volkswirtschaftliche Fakultät, … - 2011
Using a recursive vector autoregression (VAR), this paper considers the relation between the U.S. real interest rate and the real oil price. Theoretically, as outlined in Hotelling (1931) and Working (1949), a lower real interest rate results in reduced production and increased storage, implying...
Persistent link: https://www.econbiz.de/10009397191
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Real Interest Rates, Bubbles and Monetary Policy in the GCC countries
Razzak, Weshah; Bentour, E M - Volkswirtschaftliche Fakultät, … - 2009
The Gulf Cooperation Council countries (GCC) include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE. Their monetary policy objective is to stabilize the foreign price, i.e., exchange rate instead of the domestic price level, where the nominal interest rate is equalized with the US...
Persistent link: https://www.econbiz.de/10008529275
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Have U.S. Budget Deficits Raised the Real Interest Rate Yield on Tax-Free Municipal Bonds?
Cebula, Richard - Volkswirtschaftliche Fakultät, … - 2014
Using a half century of data, this empirical study adopts a simple loanable funds to investigate the impact of the budget deficits on the ex post real interest rate yield on high grade municipal bonds in the U.S. Autoregressive 2SLS estimates for the 1960-2012 study period find that the ex post...
Persistent link: https://www.econbiz.de/10011108975
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An evaluation of policies to reduce fiscal pressure induced by population ageing in Australia
Bell, William Paul - Volkswirtschaftliche Fakultät, … - 2005
Population ageing increases fiscal pressure by increasing the aged to working-age ratio, which simultaneously reduces the growth in government revenue and increases government social outlays. This study evaluates proposed tax and economic growth policies to meet the population ageing induced...
Persistent link: https://www.econbiz.de/10011258581
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Consumption & Savings Behavior in Pakistan
Shaikh, Salman - Volkswirtschaftliche Fakultät, … - 2012
Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … had been explained to a large extent by differences in the rate of savings which also determine a country’s investment in … determinants of savings in Pakistan economy. The results indicate evidence of consumption smoothing and relatively stable Average …
Persistent link: https://www.econbiz.de/10011258849
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Mobilization of Personal Savings among Microfinance-Participating Households: A Survey in West Bengal, India
Kundu, AMIT - Volkswirtschaftliche Fakultät, … - 2013
savings, as distinct from savings through compulsory contributions to the program. We consider a microfinance program … income increases more in treatment-group households, the increase in personal savings of the microfinance …
Persistent link: https://www.econbiz.de/10011259347