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The effectiveness of stock prices on the phase of short-term interest rates : evidence from Eastern European countries

Yıldırım, Nurtac; Ozcelebi, Oguzhan; Kansu, Aydan - In: Advances in management & applied economics 3 (2013) 4, pp. 21-35

major role on the phase of the short-term interest rates in Eastern European countries implementing inflation targeting …

Persistent link: https://www.econbiz.de/10010148062

The accuracy of forecasts made for the structure of consumer basket : a comparative analysis between euro area and Romania

Bratu Simionescu, Mihaela - In: Revista de métodos cuantitativos para la economía y … 15 (2013), pp. 87-100

Persistent link: https://www.econbiz.de/10010160661

The New Keynesian Phillips Curve in an inflation targeting country : the case of Turkey

Gozgor, Giray - In: International journal of economic sciences and applied … 6 (2013) 1, pp. 7-18

The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for … any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The … New Keynesian Phillips Curve (NKPC) has recently set up a framework on the trade-off between the inflation (gap) and the …

Persistent link: https://www.econbiz.de/10010160677

The inflation impact of selected European Union members on Polish inflation

Czaja, Jaroslaw; Ku´zmi´nski, Lukasz - In: E-Finanse : finansowy kwartalnik internetowy 8 (2012) 2, pp. 11-24

The article aims at determining the inflation influence between Poland and selected EU member states. Although for some … time the general inflation level in those countries was definitely controllable, the problem seems to be returning. That is … determine inflation influences on Poland. The study confirmed the impact of the selected countries on Polish inflation …

Persistent link: https://www.econbiz.de/10010009393

Test of an inverted J-shape hypothesis between the expected real exchange rate and real output : the case of Ireland

Hsing, Yu - In: International journal of economic sciences and applied … 3 (2010) 1, pp. 39-47

rate, or a lower expected inflation rate would increase real output. Fiscal prudence may be needed as the coefficient of …

Persistent link: https://www.econbiz.de/10009958051

Banking crises and exchange rate politics

Ouerghi, Feryel - In: Journal of applied finance & banking 2 (2012) 6, pp. 55-71

The purpose of this paper is to examine whether the choice of exchange rate regime can affect the likelihood of banking crises in emerging countries. We estimate the impact of exchange rate arrangements on crises in a panel-data set of 56 emerging countries using a logit method. We find that...

Persistent link: https://www.econbiz.de/10010118424

Monetary policy and asset prices : empirical evidence from Nigeria

Igbinosa, Sunday O.; Obayagbona, Joel - In: Journal of finance and investment analysis 1 (2012) 4, pp. 73-87

adopt flexible inflation targeting as part of a broad reform package that includes improved financial regulation and fiscal … economies. -- monetary policy ; asset prices ; inflation targeting ; macroeconomic stability …

Persistent link: https://www.econbiz.de/10010148273

The external finance premium and the financial accelerator : the case of Turkey

Cambazoglu, Birgul; Karaalp, Hacer Simay - In: International journal of economic sciences and applied … 6 (2013) 1, pp. 103-121

The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as ‘financial accelerator’), which affects net...

Persistent link: https://www.econbiz.de/10010160671

Net worth ratio and financial instability

Watanabe, Toshio - In: Journal of economic structures : JES; the official … 2 (2013), pp. 1-18

In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have...

Persistent link: https://www.econbiz.de/10010186054

The bank lending channel and lunar phases : Evidence from a panel of European banks

Apergis, Nicholas; Gabrielsen, Alexander - In: Journal of finance and investment analysis 1 (2012) 3, pp. 1-19

While many studies have demonstrated the impact of weather conditions along with lunar phases on stock markets, this paper explores the impact of lunar phases on the bank lending channel for a sample of European banks, using the GMM estimator methodology, suggested in Arellano and Bond (1991),...

Persistent link: https://www.econbiz.de/10010079570