Showing 1 - 10 of 144
Hungarian Abstract: A hagyományos közgazdaságtan a reálelemzés keretében érvel, és ez akadálya a valós gazdasági folyamatok megértésének. Schumpeter és Keynes kritizálta ezt a megközelítést és helyette a monetáris elemzést alkalmazta. Ezt az elméleti alapvetést követem,...
Persistent link: https://www.econbiz.de/10012849610
Írásunkban azt vizsgáljuk, hogy a hosszú lejáratú határidõs árfolyamok stacionaritását feltételezõ hibakorrekciós modellek, amelyek korábbi számítások szerint a világ devizapiaci forgalmának mintegy 75%-át kitevõ fejlett ipari országokra alkalmazva kitûnõ mintán...
Persistent link: https://www.econbiz.de/10008578165
Persistent link: https://www.econbiz.de/10001600475
This paper uses imperfect competition as a basis for modelling the export price for an aggregated commodity produced by the Norwegian private mainland economy. The long run solution is analysed using a cointegration technique. The dynamics are modelled according to two different approaches; a...
Persistent link: https://www.econbiz.de/10004980524
The formation of export prices is an area in which the linear quadratic adjustment cost (LQAC) model under rational expectations may be relevant in practice. This paper evaluates the empirical performance of the LQAC-model using Norwegian data and a new testing procedure suggested by Johansen...
Persistent link: https://www.econbiz.de/10004980930
This paper presents a model of the optimal bidding behaviour of a single bank in the context of fixed rate liquidity tenders. Banks’ bidding is shown to depend crucially on the central bank’s liquidity policy as regards tender allotments. The paper also analyses ECB liquidity policy in terms...
Persistent link: https://www.econbiz.de/10005648869
Based upon Granger causality and Pesaran-Shin’s generalized impulse-response functions, this paper studies the link between the term structure and economic growth, and the link between the term structure and actual and expected percent changes of the Cons
Persistent link: https://www.econbiz.de/10005212155
Persistent link: https://www.econbiz.de/10001101292
to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating … Maastricht inflation criterion which as currently defined has lost its economic logic. -- euro area enlargement ; convergence … ; capital flows ; credit boom ; exchange rate regime ; inflation ; Maastricht …
Persistent link: https://www.econbiz.de/10003770688
Persistent link: https://www.econbiz.de/10001239519