Untersuchungszeitraum hinweg abnimmt und sich dies in den budgetpolitischen Daten des Libanon entsprechend niederschlägt. Auf diesem … schaffen. Damit wird am Fallbeispiel Libanon aufgezeigt, daß eine unstete wirtschaftliche Entwicklung ihre Ursachen häufig … between budgetary policy and the different aspects of Governance.It is shown that the quality of Governance in Lebanon is …

standard and international trade. The estimation results allow us to formulate some interesting policy conclusions. …

estimation of the breakpoints. We find that inspection of the recursive eigenvalues is not useful to detect a break in the … adjustment coefficients, whilst recursive estimation of the coefficients can only indicate non-constancy, but not the exact … breakpoint. Rolling estimation is found to perform better in detecting non-constancy in the parameters and their true value after …

across high and low inflation sub-periods. Replicated linear estimation results of Dupor and Conley (2004)’s indicate that … Fed raises its target interest rate responding to stock price gap with statistical significance. Linear estimation results …