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expectations may be relevant in practice. This paper evaluates the empirical performance of the LQAC-model using Norwegian data and … exporters act on expectations based models in the formation of prices. …
Persistent link: https://www.econbiz.de/10004980930
In December 2016 the National Bank of Hungary (NBH), by referring to its "backcasts" (based on analyses of past data-revisions), arbitrarily revised upwards the data of the Hungarian Statistical Office (HSO) on GDP-growth for the first three quarters of 2016. This "methodological innovation" (as...
Persistent link: https://www.econbiz.de/10011944914
In December 2016 the National Bank of Hungary (NBH), by referring to its "backcasts" (based on analyses of past data-revisions), arbitrarily revised upwards the data of the Hungarian Statistical Office (HSO) on GDP-growth for the first three quarters of 2016. This "methodological innovation" (as...
Persistent link: https://www.econbiz.de/10011686510
Boltszintû árstatisztikai felírások alapján a tanulmány a magyarországi inflációs folyamatok és árazási magatartás jellemzõinek regionális hasonlóságait és eltéréseit vizsgálja. Fõ tanulsága, hogy a hivatalos NUTS-II régiók nem képeznek önálló gazdasági egységeket,...
Persistent link: https://www.econbiz.de/10008578169
In our dynamic optimizing sticky price model, agents are heterogenous with regard to their assets and their income. Unanticipated inflation redistributes income and wealth. In order to model the wealth distribution, we study a 60-period OLG model with aggregate uncertainty. A positive technology...
Persistent link: https://www.econbiz.de/10005345083
where rational expectations are assumed. The dynamic structure of the forward looking model is derived from a linear … quadratic adjustment cost function under rational expectations, but the empirical results do not support this specification. We … not consistent with rational expectations. …
Persistent link: https://www.econbiz.de/10004980524
This paper was commissioned by DG ECFIN from the EU Commission as part of the "EMU@10" project and is published in Hungarian language by the permission of the EU Commission. The original English language version of the paper is available at:...
Persistent link: https://www.econbiz.de/10010494377
Az új EU tagállamok gazdasági folyamatainak szembeötlõ jellegzetessége az egy fõre jutó GDP-ben mutatkozó felzárkózásuk, illetve az ezzel kapcsolatos árszínvonalbeli konvergencia. Amennyiben ez a jövõben is folytatódni fog, akkor az inflációra és árfolyamra vonatkozó...
Persistent link: https://www.econbiz.de/10010494397
Nicolas Baudeau (1730-1792) was a theologian, historian and "economist-philosopher" of the second half of the eighteenth century. His name appears in manuals as a popularizer of the ideas of Quesnay and as the founder of the first journal of economics of the Physiocrats, but we are not familiar...
Persistent link: https://www.econbiz.de/10010494537
Az új EU tagállamok gazdasági folyamatainak szembeötlõ jellegzetessége az egy fõre jutó GDP-ben mutatkozó felzárkózásuk, illetve az ezzel kapcsolatos árszínvonalbeli konvergencia. Amennyiben ez a jövõben is folytatódni fog, akkor az inflációra és árfolyamra vonatkozó...
Persistent link: https://www.econbiz.de/10003824132