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The Purchasing Power Parity in The Maghreb Countries : A Nonlinear Perspective
Benbouziane, Mohamed; Benamar, Abdelhak - Volkswirtschaftliche Fakultät, … - 2006
The main objective of this paper is to test the validity of the purchasing power parity in the Maghreb countries (namely, Algeria, Morocco and Tunisia). We apply the threshold autoregressive non-linear model (TAR) proposed by Caner and Hansen (2001). First, a review of literature on PPP is...
Persistent link: https://www.econbiz.de/10005837214
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Integration, decoupling and the global financial crisis: A global perspective
Miankhel, Adil Khan; Kalirajan, Kaliappa; Thangavelu, … - Volkswirtschaftliche Fakultät, … - 2010
The recent global recession requires policy makers to identify the relative importance of shock transmission mechanisms …. Due to absence of short term trade variables transmission mechanism in all regions except the MERCOSUR and SAARC, the … transmission mechanism and the SAARC region was also affected. Consequently, a business cycle convergence phenomenon was observed …
Persistent link: https://www.econbiz.de/10008533255
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Determinants of Public Debt for middle income and high income group countries using Panel Data regression
Sinha, Pankaj; Arora, Varun; Bansal, Vishakha - Volkswirtschaftliche Fakultät, … - 2011
To be able to predict when a nation will go bust has been one of toughest challenges in macroeconomics. Considerable research and effort has been put into this direction but still we are not in a position to say anything with certainty. This paper analyzes panel pool data on 31 countries across...
Persistent link: https://www.econbiz.de/10009151617
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هل تؤثر الأزمة المالية العالمية في الاقتصاد السعودي؟ تلحيل عبر نموذج التقهقر الذاتي البنيوي
Ghassan, Hassan B.; Taher, Farid B.; AlDehailan, Salman - Volkswirtschaftliche Fakultät, … - 2010
liquidity and its relationship to the net-exports and GDP, and using database from 1968 to 2009, we estimate SVAR model founded … international liquidity i.e. more foreign reserves assets leads in the long-run to real economic growth after its fall back in the …
Persistent link: https://www.econbiz.de/10011110904
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Estimation of Keynesian Exchange Rate Model of Pakistan by Considering Critical Events and Multiple Cointegrating Vectors
Hina, Hafsa; Qayyum, Abdul - Volkswirtschaftliche Fakultät, … - 2013
This study employs the Mundell and Fleming (1963) traditional flow model of exchange rate to examine the long run behavior of rupee/US $ for Pakistan economy over the period 1982:Q1 to 2010:Q2.This study investigates the effect of output levels, interest rates and prices and different shocks on...
Persistent link: https://www.econbiz.de/10011112991
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The effects of a greater central bank credibility on interest rates level and volatility response to news in the U.K.
Tuysuz, Sukriye - Volkswirtschaftliche Fakultät, … - 2007
This paper investigates the impact of British macroeconomic and monetary news on English interest rates level and volatility. These news correspond to Bank of England (BoE) target variables news and to unexpected monetary policy rate changes. It analyzes whether the market rate response to these...
Persistent link: https://www.econbiz.de/10005837520
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The Properties of Market-Based and Survey Forecasts for Different Data Releases
Lanne, Markku - Volkswirtschaftliche Fakultät, … - 2007
We compare the accuracy of the survey forecasts and forecasts implied by economic binary options on the U.S. nonfarm payroll change. These options are available for a number of ranges of the announced figure, and each pays $1 if the released nonfarm payroll change falls in the given range. For...
Persistent link: https://www.econbiz.de/10005621898
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Was there a "Greenspan conundrum" in the Euro area ?
Lamé, Gildas - Volkswirtschaftliche Fakultät, … - 2013
This paper implements an affine term structure model that accommodates "unspanned" macro risks for the Euro area, i.e. distinct from yield-curve risks. I use a Near-Cointegrated VAR-like approach to obtain a better estimation of the historical dynamics of the pricing factors, thus providing more...
Persistent link: https://www.econbiz.de/10011108613
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Causes of Financial Crises Past and Present: The Role of the This Time is Different Syndrome
Reinhart, Carmen; Rogoff, Kenneth - Volkswirtschaftliche Fakultät, … - 2012
In this note, we attempt to place the question of how we got to the global financial crisis that began as the US Subprime debacle in the summer of 2007 in the context of an international and historical comparative setting. It is of some poignancy that the “we” here refers to the wealthiest...
Persistent link: https://www.econbiz.de/10011259756
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Interactions between interest rates and the transmission of monetary and economic news: the cases of US and UK.
Tuysuz, Sukriye; Kuhry, Yves - Volkswirtschaftliche Fakultät, … - 2007
In recent years, economies have become more and more interdependent. The constitution of commercial and monetary unions has increased the level of coordination of public decisions. On the other hand, some countries still have an strong influence at the world or regional levels. This paper...
Persistent link: https://www.econbiz.de/10005837434