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economic and social impact of the measures implemented in Greece. To this end, the study takes stock of the hitherto …–the particular economic adjustment policy which is unfolding in Greece has been adequate in addressing the problems it meant to …
Persistent link: https://www.econbiz.de/10010242662
The mandate for this study was to undertake an evaluation of EU external action as managed by three DGs: DG RELEX, DG DEV and DG AIDCO. The Terms of Reference identified two main objectives (ToR, Feb 2010, Section 1 – reproduced in Annex 1): · To provide an overall independent assessment of...
Persistent link: https://www.econbiz.de/10011799380
Persistent link: https://www.econbiz.de/10009638921
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those … to properties of inflation expectations. Qualitative data on inflation expectations, as obtained from surveys, can be … method, implemented in order to estimate numerical measures of Polish consumer inflation expectations, based on the monthly …
Persistent link: https://www.econbiz.de/10009635882
In certain market environments, a large investor may benefit from building up a futures position first and trading subsequently in the spot market (Kumar and Seppi, 1992). The present paper identifies a variation of this type of manipulation that might occur in money markets with an interest...
Persistent link: https://www.econbiz.de/10009639459
monetary authority in a dynamic setting. The fragility is captured by a devaluation premium in expectations that increases the …
Persistent link: https://www.econbiz.de/10009639466
intensive use of information improves understanding, suggesting that the media channel may play an important and constructive …'s ability to form realistic inflation expectations. …
Persistent link: https://www.econbiz.de/10009640274
Rational expectations has been the dominant way to model expectations, but the literature has quickly moved to a more … their expectations. A standard assumption is that agents form expectations by using the correctly specified reduced form … included. Therefore, agents base expectations on a misspecified MSV solution. In contrast, we assume agents know the deep …
Persistent link: https://www.econbiz.de/10009640692