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Policy-induced energy technological innovation and finance for low-carbon economic growth

Mercure, Jean-Francois; Knobloch, Florian; Pollitt, Hector - 2016

Persistent link: https://www.econbiz.de/10011661257

World Investment Report 2004

United Nations Conference on Trade and Development - 2004

Foreign direct investment (FDI) inflows into Central and Eastern Europe declined from a record $31 billion in 2002 to a …-term prospects for further FDI growth in Central and Eastern Europe are good. In all, FDI inflows last year rose in 10 of the regionu …0092s countries and fell in nine, with most countries receiving less than $1 billion. Inward FDI flows as a percentage of …

Persistent link: https://www.econbiz.de/10009636772

Implementing optimal control in cointegrated I(1) structural VAR models

Monti, Francesca V. - 2003

This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...

Persistent link: https://www.econbiz.de/10009635883

A monthly monetary model with banking intermediation for the euro area

Bruggeman, Annick; Donnay, Marie - 2003

This monthly monetary model for the euro area is gradually constructed from its two constituting components: a money demand and a loan demand model which both include the relation between the respective retail bank rates and the short-term market interest rate. Eventually, the encompassing...

Persistent link: https://www.econbiz.de/10009635913

Interest rate reaction functions and the Taylor rule in the euro area

Gerlach-Kristen, Petra - 2003

Traditional Taylor rules, which are estimated using a level specification linking the short-term interest rate to inflation and the output gap, are unstable when estimated on euro area data and forecast poorly out of sample. We present an alternative reaction function which takes the...

Persistent link: https://www.econbiz.de/10009635919

Volatility of interest rates in the euro area

Cassola, Nuno; Morana, Claudio - 2003

This paper estimates the factors underlying the volatility of the euro overnight interest rate and its transmission along the euro area money market yield curve. A new multivariate unobserved components model is proposed allowing for both long-memory and stationary cyclical dynamics. Using...

Persistent link: https://www.econbiz.de/10009635972

Monetary policy analysis in a small open economy using Bayesian cointegrated structural VARs

Villani, Mattias; Warne, Anders - 2003

handling of cointegration restrictions. This paper extends the Bayesian analysis of structural VARs to cover cointegrated … processes with an arbitrary number of cointegrating relations and general linear restrictions on the cointegration space. A …

Persistent link: https://www.econbiz.de/10009636519

A structural common factor approach to core inflation estimation and forecasting

Morana, Claudio - 2004

In the paper we propose a new methodological approach to core in- flation estimation, based on a frequency domain principal components estimator, suited to estimate systems of fractionally cointegrated processes. The proposed core inflation measure is the scaled common persistent factor in...

Persistent link: https://www.econbiz.de/10009636528

A markup model of inflation for the euro area

Bowdler, Christopher; Jansen, Eilev S. - 2004

Equilibrium correction models of the price level are often used to model inflation. Such models assume that the long-run markup of prices over costs is fixed, but this may not be true for the Euro area economy, which has undergone major structural reforms over the last 25 years. We allow for...

Persistent link: https://www.econbiz.de/10009636529

The demand for euro area currencies

Fischer, Björn; Köhler, Petra; Seitz, Franz - 2004

cointegration framework. We find significant differences between the determinants of holdings of small and large denominations as …

Persistent link: https://www.econbiz.de/10009636553

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