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We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on … of the conditional exogenous exchange rate volatility on the conditional mean of the endogenous variables in our open … empirically. In the second part, we investigate the effect of non-fundamental exchange rate volatility in a stochastic open …
Persistent link: https://www.econbiz.de/10009636551
This paper investigates a dynamic general equilibrium model with search. In particular, search externalities are reßected by an increasing returns to scale matching function, which may imply an indeterminate equilibrium. Hence, the model is capable to generate business ßuctuations, driven by...
Persistent link: https://www.econbiz.de/10009635902
The objective of this evaluation is to assess the extent to which budget support has contributed to achieving its expected results by helping the Government of Ghana (GoG) to strengthen the implementation of its national and sectoral strategies. The study covers all operations with disbursements...
Persistent link: https://www.econbiz.de/10011998841
the theory of Optimum Currency Areas are analysed, as these are expected to be fulfilled in order to guarantee …
Persistent link: https://www.econbiz.de/10009636773
Turkey is at a crossroads. After hitting the most severe crisis of its recent history in 2000-2001, the economy bounced back and is now among the fastest growing economies in the OECD. A new institutional framework for monetary and fiscal policies as well as for product, labour and financial...
Persistent link: https://www.econbiz.de/10009636801
Turkey is at a crossroads. After hitting the most severe crisis of its recent history in 2000-2001, the economy bounced back and is now among the fastest growing economies in the OECD. A new institutional framework for monetary and fiscal policies as well as for product, labour and financial...
Persistent link: https://www.econbiz.de/10009636802
Ministry of Finance have formulated a transparent strategy for entering the euro area, that foresees minimising the time spent …
Persistent link: https://www.econbiz.de/10009636803
Ministry of Finance have formulated a transparent strategy for entering the euro area, that foresees minimising the time spent …
Persistent link: https://www.econbiz.de/10009636804
The aim of this paper is to study the fundamental macroeconomic determinants of both the CPI and the PPI-based real effective exchange rate in 5 selected acceding countries from central and eastern Europe, i.e. the Czech Republic, Hungary, Poland, Slovakia and Slovenia. The paper is based on the...
Persistent link: https://www.econbiz.de/10009636881
The new member states should not expect EU money to lead to miracles. The most important ingredients of catch-up growth are a stable macroeconomic framework; supply-side policies that help markets to adjust quickly; and a well-trained, flexible workforce. EU aid will only make a positive...
Persistent link: https://www.econbiz.de/10009636932