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no systematic link between thedecline in inflation and the upward adjustments in indexed interest rates. Third,changes in … the exchange rate and in the performance of the external sector helpexplain the decline in inflation. Fourth, the strong …This paper was prepared for the seminar on Chile Development Lessons and Challengesorganized by the Economic …
Persistent link: https://www.econbiz.de/10009450769
Persistent link: https://www.econbiz.de/10012158673
This study analyzes the interaction of fiscal and monetary policy on macroeconomic variables, in this study is the Real Budget Deficit (100*) (Government Expenditures-Tax/Consumer Prices Index), The Money Supply, Exchange Rates, Interest Rates and GDP.The collection of data obtained from...
Persistent link: https://www.econbiz.de/10009464726
The aim of this thesis is to analyse theTelationship between the exchange rate andstockmarket, in the UK, USA, Germany, Japan, Canada and the Netherlands over theperiod 1974 to 1994. It is motivated by recent changes in the international financialenvironment, particularly the gradual removal of...
Persistent link: https://www.econbiz.de/10009461265
The potential accession of Turkey to the EU, and the related adoption of the CAP by Turkey,is expected to influence … agricultural markets in both the EU and Turkey. The extent of theaccession impacts depends on the one hand on the way the CAP will … exchange rates, GDP growth and inflation levels).In this paper we provide a comprehensive model-based assessment of the …
Persistent link: https://www.econbiz.de/10009446181
Erstmalig seit der Unabhängigkeit der lateinamerikanischen Staaten herrscht in der Region � mit Ausnahme Kubas � ein einziges politische Regime ohne ernsthafte Alternative: die Demokratie. Entgegen der Vorhersagen der Pessimisten und Skeptiker der Demokratie zu Beginn der 1990er Jahre hat...
Persistent link: https://www.econbiz.de/10009476233
-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …
Persistent link: https://www.econbiz.de/10009482289
information in predicting inflation and output in Turkey. Divisia aggregates have superior information content in predicting …If there is one thing economists agree on, probably it is that inflation is a monetary phenomenon. Money also is … predicting Turkish inflation and output growth in last two decades both in-and out-of-sample. We used all time series approaches …
Persistent link: https://www.econbiz.de/10009430936
In dieser Arbeit werden die Auswirkungen von spekulativen Attacken auf die Stabilität von Zielzonensystemenn in unterschiedlichen Ansätzen analysiert. Außerdem wird die Wirksamkeit verschiedener Politikoptionen zur Verteidigung eines Systems von Währungsbändern vor solchen Attacken...
Persistent link: https://www.econbiz.de/10009471730
Untersuchungsziel dieser finanzwissenschaftlichen Arbeit ist die Wirkung einer Tobin-Steuer als spezielle Transaktionssteuer auf das Devisen-Handelsvolumen und die Wechselkursvolatilität. Ausgangspunkt bildet das mikroökonomische Investitionsverhalten der Marktteilnehmer, das wir mit Hilfe von...
Persistent link: https://www.econbiz.de/10009471738