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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
Diese Arbeit besteht aus vier Essays, die empirische und methodische Beiträge zu den Gebieten der Finanzmarktökonomik und der Makroökonomik liefern. Der erste Essay beschäftigt sich mit der Spezifikation der Investoren verfügbaren Informationsmenge in Tests bedingter Kapitalmarktmodelle. Im...
Persistent link: https://www.econbiz.de/10009467089
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
Using a sample of 1154 European firms from 11 countries, we show that firm-levelexchange exposure for Eurozone and non-Eurozone … European firms has increased sincethe introduction of the euro, but this rise was smaller for Eurozone than non … Eurozone countries, so the advent of the euroappears to have been associated with a shift in exchange risk from systematic to …
Persistent link: https://www.econbiz.de/10009475709
The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This is the second course in the four-quarter...
Persistent link: https://www.econbiz.de/10009433264
risk. Consistent with corporate hedging theory, the case study finds that hedging contributes to smooth companies' earning …
Persistent link: https://www.econbiz.de/10009477298
theory. …
Persistent link: https://www.econbiz.de/10009460484
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
theory tries to explain how rational expectations could be the outcome of optimising behaviour. However, in the face of …
Persistent link: https://www.econbiz.de/10009454934
equilibrium theory of unemployment. The proposed quantitative model with ex-ante worker skill heterogeneity and two technology …
Persistent link: https://www.econbiz.de/10009438698