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to the collapse in world trade and sharp drop in commodity prices. Things were made worse by emerging markets' exposure …
Persistent link: https://www.econbiz.de/10010281707
Despite signs of recovery from the global financial crisis, the GDP growth rate for the Indian economy is likely to be between 5.8 to 6.1 per cent in 2009-10, below the 6.7 per cent recorded in fiscal 2008-09. While there has been an improvement in Indian industry, particularly the manufacturing...
Persistent link: https://www.econbiz.de/10011807647
Persistent link: https://www.econbiz.de/10010318671
including India for the period 2002 to 2010. Panel data techniques are used after ruling out the presence of unit roots. The …
Persistent link: https://www.econbiz.de/10011807662
We analyze the interaction between monetary policy in the US and the global economy proposing a new class of Bayesian global vector autoregressive models that accounts for time-varying parameters and stochastic volatility (TVP-SV-GVAR). We find that a contractionary US monetary policy shock...
Persistent link: https://www.econbiz.de/10013370122
In this paper I evaluate inflation targeting for ten countries. The evaluation is based on unconditional as well as conditional measures of the variance of inflation around target. With strict inflation targeting, expectations of the future deviation from target given information about the...
Persistent link: https://www.econbiz.de/10010321410
reserves for India by looking at three different alternative uses of resources. We find that India is foregoing as much as 2 of …
Persistent link: https://www.econbiz.de/10011807612
-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tighening of …
Persistent link: https://www.econbiz.de/10010500212
The paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We focus on the participatory character of the governments'...
Persistent link: https://www.econbiz.de/10014565926
the twentieth century were dominated by the international gold standard. But as a result of World War I, this system was … replaced by the troubled gold exchange standards of the 1920s and 1930s. As a result of World War II the interwar system was … replaced in turn by the Bretton Woods system. And as a result of inflation of the late 1960s, produced in part by America's war …
Persistent link: https://www.econbiz.de/10010282840