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Measuring Expectations
Kjellberg, David - 2006
To evaluate measures of expectations I examine and compare some of the most common methods for capturing expectations: the futures method which utilizes financial market prices, the VAR forecast method, and the survey method. I study average expectations on the Federal funds rate target, and the...
Persistent link: https://www.econbiz.de/10010321584
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The interest rate, learning, and inventory investment
Maccini, Louis J.; Schaller, Huntley; Moore, Bartholomew - 2004
Economic theory predicts a negative relationship between inventories and the real interest rate, but previous empirical studies (mostly based on the older stock adjustment model) have found little evidence of such a relationship. We derive parametric tests for the role of the interest rate in...
Persistent link: https://www.econbiz.de/10010333073
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Determinantes de la tasa interbancaria de préstamos en Argentina
Anastasi, Alejandra; Elosegui, Pedro; Sangiácomo, Máximo - 2009
This paper analyzes the determinants of the interest rate of short-term unsecured loan inter-bank market (call) in Argentina. The results show that the heterogeneous nature of the entities, in terms of size and origin of ownership, impacts on the interest rate agreed. Other additional aspects,...
Persistent link: https://www.econbiz.de/10010325101
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Tacit collusion under interest rate fluctuations
Dal Bó, Pedro - 2002
depend not only on the level of the discount factor but also on its volatility. Collusive prices and proÞts increase with a … higher discount factor level, but decrease with its volatility. These results have important implications not only for the …
Persistent link: https://www.econbiz.de/10010318903
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In- and out-of-sample specification analysis of spot rate models: Further evidence for the period 1982-2008
Cai, Lili; Swanson, Norman R. - 2011
We review and construct consistent in-sample specification and out-of-sample model selection tests on conditional distributions and predictive densities associated with continuous multifactor (possibly with jumps) and (non)linear discrete models of the short term interest rate. The results of...
Persistent link: https://www.econbiz.de/10010282832
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Turkey's accession to the EU: What will the Common Agricultural Policy cost?
Grethe, Harald - 2004
accession negotiations with Turkey. Various recent analyses assess the cost of applying the Common Agricultural Policy of the EU … (CAP) to Turkey without taking into account the specific structure of the agricultural sector in Turkey, which would … to Turkey, if Turkey should accede in 2014. The analysis is based on macroeconomic projections from the literature …
Persistent link: https://www.econbiz.de/10010343385
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Temporary star or emerging tiger? Turkey's recent economic performance in a global setting
Öniş, Ziya; Bayram, İsmail Emre - 2008
East Asian experience as the principal benchmark for comparison, this paper examines whether Turkey is on its way to …
Persistent link: https://www.econbiz.de/10010273648
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Brain drain from Turkey: return intentions of skilled migrants
Güngör, Nil Demet; Tansel, Aysit - 2011
, economic instability in Turkey, prior intentions to stay abroad and work experience in Turkey also increase non-return. Female …
Persistent link: https://www.econbiz.de/10010273650
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Global crisis, national responses: the political economy of Turkish exceptionalism
Öniş, Ziya; Güven, Ali Burak - 2010
emerging market countries. Underlying this policy exceptionalism were the constraints posed by Turkey's pre-existing policy and …
Persistent link: https://www.econbiz.de/10010273655
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The emergence of the regulatory state: The political economy of Turkish banking reforms in the age of post-Washington consensus
Bakır, Caner; Öniş, Ziya - 2009
The new era of Post-Washington Consensus (PWC) promoted under the auspices of multilateral organizations such as IMF and the World Bank centres on the need to develop strong regulatory institutions, especially the realm of banking and finance in developing countries. By focusing on the Turkish...
Persistent link: https://www.econbiz.de/10010273659