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This dissertation computes the optimal monetary and fiscal policy for small open and emerging economies in an estimated medium-scale model. The model departs from the conventional approach as it encompasses all the major nominal and real rigidities normally found in the literature in a single...
Persistent link: https://www.econbiz.de/10009475440
risk. Consistent with corporate hedging theory, the case study finds that hedging contributes to smooth companies' earning …
Persistent link: https://www.econbiz.de/10009477298
In this paper, we provide evidence on the nature and the relative importance of domestic and foreign shocks in Slovak economy based on block-restriction vector autoregression model in 1999-2007. We document well-functioning monetary transmission mechanism in Slovakia. Subject to various...
Persistent link: https://www.econbiz.de/10009477391
theory. …
Persistent link: https://www.econbiz.de/10009460484
This dissertation contains a series of essays that provide empirical evidence for Australia on some fundamental predictions of real business cycle models and on the convergence and persistence of real interest rates. Chapter 1 provides a brief introduction to the issues examined in each chapter...
Persistent link: https://www.econbiz.de/10009484248
This thesis investigates the role of exchange rate in a small open economy policy framework. Focusing the analysis on the crisis-hit East-Asian countries, the main objective of this thesis is to investigate the necessity of the monetary authority to concern about the exchange rate stability by...
Persistent link: https://www.econbiz.de/10009429030
ondevelopment efforts. The resurgence of foreign direct investment (FDI) and theincreasing significance of remittances, both as …, with female employment rate getting the largest impact – relative to males.Remittances are another capital flow that plays … adequately to standard shocks, a remittances shock is introduced to examinethe dynamic response of the representative economy …
Persistent link: https://www.econbiz.de/10009465200
economies and development economists having dissenting views about the impact of emigration and remittances on source countries … motivated by a core result of the Hecksher-Olin theory which states that open economies can absorb factor supply shocks by …-coping mechanisms since remittances may play an insurance role. I provide evidence that remittances have transformed farming practices …
Persistent link: https://www.econbiz.de/10009450914
This paper analyzes the effects of skilled migration and remittances on fertility decisions at origin. We develop an …
Persistent link: https://www.econbiz.de/10009452552
Savings are one of the important determinants beyond the theories of economic growth. Therefore remittances and foreign … between economic growth, remittances, foreign direct investment inflows and gross domestic savings in Turkey during the period … 1974-2013 by using Autoregressive Distributed Lag approach. We found that remittances, foreign direct investment and gross …
Persistent link: https://www.econbiz.de/10011316211