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Inflation Stabilization, Fiscal Deficits and Public Debt Management in Poland

Wijnbergen, Sweder van; Budina, Nina - Tinbergen Instituut - 1999

Poland edged towards hyperinflation towards the latter half of 1989,but inflation fell dramatically after drastic reformswere enacted in January of 1990. We analyse the consistency betweenfiscal deficits and inflation targets and assessPoland's domestic and foreign debt management policies and...

Persistent link: https://www.econbiz.de/10011257121

Stability of the Demand for Real Narrow Money in lndonesia

Anglingkusumo, Reza - Tinbergen Institute - 2005

The stability of the demand for real Ml in Indonesia is empirically examined using quarterly data between 1981 and 2002 …

Persistent link: https://www.econbiz.de/10005144429

Inflation Stabilization, Fiscal Deficits and Public Debt Management in Poland

Wijnbergen, Sweder van; Budina, Nina - Tinbergen Institute - 1999

Poland edged towards hyperinflation towards the latter half of 1989,

Persistent link: https://www.econbiz.de/10005209481

Stability of the Demand for Real Narrow Money in lndonesia

Anglingkusumo, Reza - Tinbergen Instituut - 2005

The stability of the demand for real Ml in Indonesia is empirically examinedusing quarterly data between 1981 and 2002 …

Persistent link: https://www.econbiz.de/10011256113

Spurious Regression, Cointegration, and Near Cointegration: A Unifying Approach

Haldrup, Niels; Jansson, Michael - Tinbergen Instituut - 1999

cointegration are provided. As a first application, we give analyticalcorroboration of the conjecture that the finite sample … coefficient. Hence, the notionof near cointegration helps to bridge the gap between the polar cases ofspurious regression and … cointegration. Secondly, we characterize theproperties of conventional cointegration methods under near cointegration …

Persistent link: https://www.econbiz.de/10011257374

Optimal Hedging with the Vector Autoregressive Model

Gatarek, Lukasz; Johansen, Søren - Tinbergen Instituut - 2014

with general cointegration rank. Our hedge is optimal in the sense of minimum variance portfolio. We consider a model that … correlation and cointegration parameters. For short holding periods the correlation impact is predominant. For long horizons, the … hedge ratio should overweight the cointegration parameters rather then short-run correlation information. In the innite …

Persistent link: https://www.econbiz.de/10011257633

Spurious Regression, Cointegration, and Near Cointegration: A Unifying Approach

Haldrup, Niels; Jansson, Michael - Tinbergen Institute - 1999

on this representation, a notion of near cointegration is proposed and three separate applications of the model of near … cointegration are provided. As a first application, we give analytical corroboration of the conjecture that the finite sample … coefficient. Hence, the notion of near cointegration helps to bridge the gap between the polar cases of spurious regression and …

Persistent link: https://www.econbiz.de/10005137044

Money Supply and the Implementation of Interest Rate Targets

Schabert, Andreas - Tinbergen Institute - 2005

In this paper, we analyze the relation between interest rate targets and money supply in a (bubble-free) rational expectations equilibrium of a standard cash-in-advance model. We examine lump-sum injections of money aimed to implement interest rate sequences that satisfy interest rate target...

Persistent link: https://www.econbiz.de/10005504960

Money Supply and the Implementation of Interest Rate Targets

Schabert, Andreas - Tinbergen Instituut - 2005

Persistent link: https://www.econbiz.de/10011256060

Optimal Management with Potential Regime Shifts

Polasky, Stephen; Zeeuw, Aart de; Wagener, Florian - Tinbergen Instituut - 2010

This discussion paper led to a publication in <A href="http://www.sciencedirect.com/science/article/pii/S0095069611000556">'Journal of Environmental Economics and Management'</A>, 62(2), 229-40.<p>We analyze how the threat of a potential future regime shift affects optimal management. We use a simple general growth model to analyze four cases that involve combinations of stock...</p></a>

Persistent link: https://www.econbiz.de/10011257314