Showing 1 - 10 of 1,121
: (i) monetary volatility negatively affects long-run growth; (ii)the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10008685157
A monetary union is a group of states which share a single, or common, currency. An economic and monetary union (EMU), like the Eurozone, is characterized not only by a single currency, but also by a single market, as well as by a common economic and monetary policy. According to Cohen2, a...
Persistent link: https://www.econbiz.de/10005621591
impact of inflation on stock market returns and volatility using monthly time series data from two West African countries … stock market volatility in the two countries. Measures employed towards restraining inflation in the two countries … news exert more adverse effect on stock market volatility than good news of the same magnitude; while a strong opposite …
Persistent link: https://www.econbiz.de/10009643216
This study analyzes the impact of volatility in government borrowing from central bank (GBCB) on domestic inflation in …) with bound testing technique suggest that domestic inflation in Pakistan is related with volatility in government borrowing …, inflation is also affected by volatility in GBCB. …
Persistent link: https://www.econbiz.de/10005105921
This paper assesses the performance of the core inflation measures calculated by the Brazilian Central Bank (BCB). The … evidence shows that they do not meet some key statistical criteria that a good core inflation should have: unbiasedness and the … ability to forecast inflation. That performance stems, to a large extent, from the lack of a well-grounded statistical and …
Persistent link: https://www.econbiz.de/10008574264
-food inflation in Pakistan. Food inflation volatility in Pakistan was found to be half of that observed in the world. Compared to …Food inflation hurts poor more than rich as poor spend higher proportion of their income on food items compared to rich …. Higher global food and crude oil prices in 2008 resulted in higher (than historical average) food inflation in Pakistan …
Persistent link: https://www.econbiz.de/10011114463
This study examines the impact of inflation and output growth on stock market returns and volatility in selected Asian … (1, 1) model, it is found that macroeconomic volatility, which is measured by movement in inflation and output growth …, have a weak predictive power for stock market returns and volatility in these countries. The movements of the inflation …
Persistent link: https://www.econbiz.de/10005789390
reflect the different information which have been imbedded in the housing market in the long-time. The high volatility of the …
Persistent link: https://www.econbiz.de/10011259684
We attempt to explain stock market dynamics in terms of the interaction among three variables: market price, investor opinion and information flow. We propose a framework for such interaction and apply it to build a model of stock market dynamics which we study both empirically and...
Persistent link: https://www.econbiz.de/10011108097
This paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member-countries based on Scalar-BEKK and multivariate Riskmetrics model frameworks for the period 1980-2012. The paper provides evidence that changes in the business cycle...
Persistent link: https://www.econbiz.de/10012910120