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Banking, Inside Money and Outside Money
Sun, Hongfei - 2007
This paper presents an integrated theory of money and banking. I address the following question: when both individuals … problem of the bank. Secondly, it is optimal for the bank to require loans be settled with short-term inside money, i.e., bank …
Persistent link: https://www.econbiz.de/10011940760
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Monetary aggregates and liquidity in a neo-Wicksellian framework
Canzoneri, Matthew; Cumby, Robert; Diba, Behzad; … - 2008
Woodford (2003) describes a popular class of neo-Wicksellian models in which monetary policy is characterized by an interest-rate rule, and the money market and financial institutions are typically not even modeled. Critics contend that these models are incomplete and unsuitable for...
Persistent link: https://www.econbiz.de/10011506662
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A century of macroeconomic and monetary thought at the National Bank of Belgium
Maes, Ivo - 2010
"A century of macroeconomic and monetary thought at the National Bank of Belgium" traces the history of economic … research at the National Bank of Belgium, from the early decades of the 20th century to its present functioning in the … monetary thinking at the National Bank of Belgium. The focus is very much on the role of the Research Department in …
Persistent link: https://www.econbiz.de/10011506708
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Integrating Expenditure and Income Data: What to do with the Statistical Discrepancy?
Beaulieu, J. Joseph; Bartelsman, Eric J. - 2004
The purpose of this paper is to build consistent, integrated datasets to investigate whether various disaggregated data can shed light on the possible sources of the statistical discrepancy. Our strategy is first to use disaggregated data to estimate consistent sets of input-output models that...
Persistent link: https://www.econbiz.de/10010325485
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Identification of Liechtenstein's historic economic growth and business cycles by econometric extensions of data series
Brunhart, Andreas - 2012
Several economic data series of Liechtenstein are backwardly estimated in order to achieve consistent historic time series. The generated series consist for instance of the national income for the years 1954 to 1992 (by regressive inter- and retropolation with indicators) and 1993 to 1997 (by...
Persistent link: https://www.econbiz.de/10010368149
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Evasion of Value-added Taxes in Europe: Ifo Approach to Estimating the Evasion of Value-added Taxes on the Basis of National Accounts Data (NAD)
Gebauer, Andrea; Parsche, Rüdiger - In: CESifo DICE Report 01 (2003) 2, pp. 40-44
Persistent link: https://www.econbiz.de/10011696430
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Implications of the Changes in the System of National Accounts for Measured Growth and the Business Cycle
Vanhoudt, Patrick - 2002
The recent changes in the national accounts unequivocally imply that the nature of the measured growth rate and business cycle has changed. This note investigates to what extent.
Persistent link: https://www.econbiz.de/10010313359
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Chain indexing in a macro model: Aggregation and irreversibility
Knudsen, Dan; Sethi, Faisel - 2004
We investigate a switch from fixed-weighted national accounts data to chain-type data in the quarterly macroeconometric model Mona. As in other countries the idea behind this change in the national accounts data has been to reduce the substitution bias, which has grown with the amount of...
Persistent link: https://www.econbiz.de/10010321217
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How large is the private sector in Africa? Evidence from national accounts and labor markets
Stampini, Marco; Leung, Ron; Diarra, Setou M.; Pla, … - 2011
In recent years, the private sector has been recognized as a key engine of Africa's economic development. Yet, the most simple and fundamental question remains unanswered: how large is the African private sector? We present novel estimates of the size of the private sector in 50 African...
Persistent link: https://www.econbiz.de/10010282595
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On misusing national accounts data for governance purposes
Hartwig, Jochen - 2005
According to KENDRICK (1996, p. 1), National Accounts have become an indispensable tool for macroeconomic analysis, projections, and policy formulation. The paper elaborates on this statement, addressing policy domains that rely heavily on National Accounts data. Yet - useful as they are -...
Persistent link: https://www.econbiz.de/10010285864