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Sources of Macroeconomic Fluctuations in MENA Countries
Balcilar, Mehmet; Bagzibagli, Kemal - Volkswirtschaftliche Fakultät, … - 2010
A close examination of the MENA region economies reveals a number of fundamental sources of macroeconomic fluctuations … expected to be inhomogeneous. This paper determines sources of macroeconomic fluctuations for 16 MENA economies using a …
Persistent link: https://www.econbiz.de/10011108303
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Monetary Policy Transmission in India: A Peep Inside the Black Box
Khundrakpam, Jeevan Kumar; Jain, Rajeev - Volkswirtschaftliche Fakultät, … - 2012
important, while exchange rate channel is weak. A positive shock to policy rate leads to slowdown in credit growth with a lag of … two quarters and subsequently impacts GDP growth and inflation negatively. The same monetary policy shock has a negative …
Persistent link: https://www.econbiz.de/10011259799
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How relevant is monetary policy to explain Mexican unemployment fluctuations?
Islas-Camargo, Alejandro; Cortez, Willy W. - Volkswirtschaftliche Fakultät, … - 2011
In this paper we analyze the effects of a monetary policy shock on Mexican unemployment rates. Unlike previous studies …
Persistent link: https://www.econbiz.de/10008919788
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The price puzzle and monetary policy transmission mechanism in Pakistan: Structural vector autoregressive approach
Javid, Muhammad; Munir, Kashif - Volkswirtschaftliche Fakultät, … - 2011
monetary tightening, in Pakistan. Study examines the effects of monetary policy shock on price level and other macroeconomic …08. We find that a contractionary monetary policy shock has a positive effect on prices and the output increase over some …
Persistent link: https://www.econbiz.de/10009004070
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The dynamic effects of U.S. monetary policy on state unemployment
Korobilis, Dimitris; Gilmartin, Michelle - Volkswirtschaftliche Fakultät, … - 2010
This paper studies the transmission of monetary shocks to state unemployment rates, within a novel structural factor-augmented VAR framework with a time-varying propagation mechanism. We find evidence of large heterogeneity over time in the responses of state unemployment rates to monetary...
Persistent link: https://www.econbiz.de/10008777402
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Does the ECB Care about Shifts in Investors’ Risk Appetite?
Papadamou, Stephanos; Siriopoulos, Costas - Volkswirtschaftliche Fakultät, … - 2008
the period January 1999 to August 2007, our results show that a shock in the risk aversion indicator affects negatively … future real activity in the eurozone in a similar way to an exchange rate shock. The ECB reacts significantly to a risk … aversion shock by reducing the interest rate in order to provide liquidity. Moreover, assuming rational expectations and using …
Persistent link: https://www.econbiz.de/10008680305
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How costly are debt crises?
Furceri, Davide; Zdzienicka, Aleksandra - Volkswirtschaftliche Fakultät, … - 2011
The aim of this paper is to assess the short and medium-term impact of debt crises on GDP. Using an unbalanced panel of 154 countries from 1970 to 2008, the paper shows that debt crises produce significant and long-lasting output losses, reducing output by about 10 percent after 8 years. The...
Persistent link: https://www.econbiz.de/10009022011
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Small debt, large problems in Cyprus: How even small debt in a British Colony led to the political crisis and violence in October 1931.
Apostolides, Alexander - Volkswirtschaftliche Fakultät, … - 2012
During the interwar period Cyprus faced a small deficit, yet the inflexibility of the colonial finance structure created a political impasse. As a result the disagreements between the Colonial government and the Cypriot elected members of the islands legislative assembly sparked violence against...
Persistent link: https://www.econbiz.de/10011112799
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The Effect of Institutions, Geography, Development Assistance and Debt Crises on Public-Debt Management
Melecky, Martin - Volkswirtschaftliche Fakultät, … - 2009
Using survey data on debt management strategies, this paper studies whether the probability that a country has a debt management strategy, publishes its debt strategy, and uses a benchmark-based strategy is affected by democratic accountability, institutional quality, past debt crises/defaults,...
Persistent link: https://www.econbiz.de/10005061667
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A Model of Monetary Equilibrium with Random Output and Restricted Borrowing
Mierzejewski, Fernando - 2010
An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534