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Consumption & Savings Behavior in Pakistan
Shaikh, Salman - Volkswirtschaftliche Fakultät, … - 2012
Like many other countries, aggregate consumption constitutes a major portion of Gross Domestic Product (GDP) in … Pakistan. Consumption decisions determine savings decisions. In long term growth literature, differences in long term growth … consumption models in the literature for their empirical verification taking macro level data for Pakistan economy. These include …
Persistent link: https://www.econbiz.de/10011258849
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Investigating causal relationship between stock return with respect to exchange rate and FII: evidence from India
Kumar, Sundaram - Volkswirtschaftliche Fakultät, … - 2009
returns and exchange rate are integrated of order one. The Engle–Granger Cointegration test is then performed, suggesting that …
Persistent link: https://www.econbiz.de/10005020500
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The Elasticities Approach to Egypt’s Balance of Payments and Equilibrium Exchange Rate
Lord, Montague J. - Volkswirtschaftliche Fakultät, … - 1999
The study aims to calculate Egypt’s real effective exchange rate at both the bilateral and multilateral levels, estimates the effect of real cross-rate movements on trade in goods and services and on foreign direct investment, and determines the fundamental equilibrium exchange rate for...
Persistent link: https://www.econbiz.de/10011259979
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Estimation and Inference in Univariate and Multivariate Log-GARCH-X Models When the Conditional Density is Unknown
Sucarrat, Genaro; Grønneberg, Steffen; Escribano, Alvaro - Volkswirtschaftliche Fakultät, … - 2013
Exponential models of Autoregressive Conditional Heteroscedasticity (ARCH) enable richer dynamics (e.g. contrarian or cyclical), provide greater robustness to jumps and outliers, and guarantee the positivity of volatility. The latter is not guaranteed in ordinary ARCH models, in particular when...
Persistent link: https://www.econbiz.de/10011185384
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A Macroeconomic Model for Romania's Flexible Exchange Rate System
Lord, Montague J. - Volkswirtschaftliche Fakultät, … - 1994
The transition process of the Romanian economy motivated the design of a model that provides for a parsimonious representation of the structure of the economy, exploits the increased availability of data for the system of national accounts, and recognizes time-variant parameters that can result...
Persistent link: https://www.econbiz.de/10011111567
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Modeling the Macro-Economy of Bangladesh
Lord, Montague J. - Volkswirtschaftliche Fakultät, … - 2002
The study develops a parsimonious representation of the macro economy of Bangladesh. It aims to serve a dual purpose. First, it provides a framework for making rational and consistent predictions about Bangladesh's overall economic activity, the standard components of the balance of payments,...
Persistent link: https://www.econbiz.de/10011113692
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The case for higher frequency inflation expectations
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2011
I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused on three survey measures of expected inflation: the...
Persistent link: https://www.econbiz.de/10009650037
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A monthly indicator of employment in the euro area: real time analysis of indirect estimates
Moauro, Filippo - Volkswirtschaftliche Fakultät, … - 2010
The paper presents the results of an extensive real time analysis of alternative model-based approaches to derive a monthly indicator of employment for the euro area. In the experiment the Eurostat quarterly national accounts series of employment is temporally disaggregated using the information...
Persistent link: https://www.econbiz.de/10008776849
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Forecasts with single-equation Markov-switching model: an application to the gross domestic product of Latvia
Bušs, Ginters - Volkswirtschaftliche Fakultät, … - 2010
The paper compares one-period ahead forecasting performance of linear vector-autoregressive (VAR) models and single-equation Markov-switching (MS) models for two cases: when leading information is available and when it is not. The results show that single-equation MS models tend to perform...
Persistent link: https://www.econbiz.de/10008541474
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Modeling the Open Macro-Economy of Vietnam
Lord, Montague J. - Volkswirtschaftliche Fakultät, … - 1998
The present macroeconomic model aims to provide a theory-consistent representation of the general structure of the Viet Nam economy and, as such, it offers real and financial sector forecasting and policy simulation capabilities targeted to the needs of the State Bank of Viet Nam. The model...
Persistent link: https://www.econbiz.de/10011109153