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This article explores the similarities, differences, and implications from the 1970s–1980s experience for the macroeconomic dynamic that may arise from the 2008 price spike and subsequent recession. Role of monetary policy (deviations from Taylor rule) is assessed. This is an argument that has...
Persistent link: https://www.econbiz.de/10009442692
Periodically, events occur in the domestic and global economies that remind agriculturaleconomists that macroeconomics matter. This was evident in the early 1980s when theFederal Reserve responded to double-digit inflation by driving interest rates to post–World War II period highs. The Asian...
Persistent link: https://www.econbiz.de/10009442694
complete medical records of each patient, lack of promotion led to his nurse, lack of discipline and lack of empathy nurses to … related to organizational culture, incentives, discipline, and performance.This research method is quantitative and … incentives. The second hypothesis simultaneously there highly significant influence between discipline and competence of the …
Persistent link: https://www.econbiz.de/10009464602
Experiential learning efforts in the 1950s mimicked the logistic operational gaming of World War II; the results were encouraging. Subsequently, funded research efforts over three decades focused on gaming phenomena. Computers permitted more elaborate games, creating the illusion that they might...
Persistent link: https://www.econbiz.de/10009476607
The major objective of this thesis is to investigate whether there exists a stable long run and short run equilibrium relationship between real money balances (M1 or M2) and their determinants in Thailand. A cointegration analysis and the Vector Error Correction Model (VECM) are conducted on...
Persistent link: https://www.econbiz.de/10009434859
Whether or not currency markets may be regarded as efficient or not has been a hotly debated issue in the academic literature over recent decades. Economic theory would suggest that these markets should be efficient because they are apparently good examples of a perfectly competitive market...
Persistent link: https://www.econbiz.de/10009437792
Financial processes may possess long memory and their probability densities may display heavy tails. Many models have been developed to deal with this tail behaviour, which reflects the jumps in the sample paths. On the other hand, the presence of long memory, which contradicts the efficient...
Persistent link: https://www.econbiz.de/10009437906
This paper compares the true, ex-ante forecasting performance of a micro-based model against both a standard macro model and a random walk. In contrast to existing literature, which is focused on longer horizon forecasting, we examine forecasting over horizons from one day to one month (the...
Persistent link: https://www.econbiz.de/10009440722
Nominal exchange rate volatility has been greater than that of "fundamentals" supposed to establish the exchange rates. A major contribution to our understanding of this volatility was given by Rudiger Dornbusch in his 1976 paper "Expectations and Exchange Rate Dynamics", where stickiness of...
Persistent link: https://www.econbiz.de/10009441733
Finding evidence of the theoretical relationship between exchange rate and inflation has been a difficult proposition in an exchange rate market, despite many studies in developed markets. Three recent papers employing a new research design, Theil’s Divisia index method, found that this...
Persistent link: https://www.econbiz.de/10009441758