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Persistent link: https://www.econbiz.de/10011455415
In this paper, we rely on panel cointegration techniques to estimate the equilibrium exchange rate of the CFA Franc according to the BEER approach (Behavioural Equilibrium Exchange Rate). Examination of the CFA Franc estimated misalignments revealed that flexibility for the CFA zone in terms of...
Persistent link: https://www.econbiz.de/10009652079
The paper contributes to the literature on the convergence of financial systems in the euro area by estimating household credit demand in individual countries. Using the ARDL framework advocated notably by Pesaran et al. (1999), the paper provides evidence on the convergence of long run credit...
Persistent link: https://www.econbiz.de/10004998838
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evidence of causality between different variables and we end with an impulse analysis. The empirical results that we get are …
Persistent link: https://www.econbiz.de/10005249368
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The article studies the conceptions of causality encountered in macroeconometrics. From an empiricist standpoint, it is … research in causality in this area. The authors seek to establish in particular the type of causality underpinning the … approaches put forward by Clive Granger and Christopher Sims. They show that this definition of causality has distinctive …
Persistent link: https://www.econbiz.de/10009024335
The study analyses macroeconomic policy-making in the European Union and the role of the European Parliament in it. There are three parts to the study. The first is concerned with policy-making procedures. The second analyses the implementation of the Broad Economic Policy Guidelines (BEPGs) and...
Persistent link: https://www.econbiz.de/10009636097