Showing 1 - 10 of 105
The aim of this paper is to look at ways in which the contribution of investment in technology to consumer welfare might be measured. One useful approach to this question is demonstrated by means of a simple spatial model of trade and transportation. The model is used to elaborate on a...
Persistent link: https://www.econbiz.de/10005479089
We have tested for a long-run relationship between four US export measures and analogous import measures (measured in nominal and real terms, levels and deflated by GNP) inthe 1967-1994 period using quarterly data. Using various econometric tests that include standard Engle-Granger cointegration...
Persistent link: https://www.econbiz.de/10005479090
Persistent link: https://www.econbiz.de/10005387783
We examine the relationship between inflation and inflation uncertainty using a GARCH model that allows for simultaneous feedback between the conditional mean and variance of inflation. We also derive a number of theoretical econometric results and illustrate the relevance of these results with...
Persistent link: https://www.econbiz.de/10005669503
Using a long series of UK inflation data, I have provided strong evidence in favour of the hypothesis that inflationary periods are associated with high inflation uncertainty. This result supports the Friedman-Ball hypothesis and has important implications for the inflation-output relationship...
Persistent link: https://www.econbiz.de/10005669506
The authors provide some evidence consistent with a heterogeneous credit channel of monetary policy transmission in the European Union. Using the techniques of cointegration and Error Correction Models, the authors have shown that the external finance premium is one important leading indicator...
Persistent link: https://www.econbiz.de/10005669507
We use recently developed cointegration tests that determine endogenously the regime shift to test for bilateral real interest rate convergence (real interest rate parity) in the G7 against the US in the 1974-1995 period. In contrast with previous studies that employed classical regression...
Persistent link: https://www.econbiz.de/10005779696
The authors employ the econometric techniques of multivariate cointegration and error-correction models to investigate the impact of the creation of the European Monetary System (EMS) on the volume of intra-European Union (EU) Exports for eight EU countries.
Persistent link: https://www.econbiz.de/10005779699
We analyse the long-run and short-run relationship between merchandise export volume and its determinants, foreign income, relative prices and exchange rate variability, using the techniques of cointegration and error correction. The model was estimated for Irish exports and sectoral exports...
Persistent link: https://www.econbiz.de/10005779700
The authors test for saeasonal effects in stock market returns, the January effect anomaly and the tax-loss selling hypothesis using monthly stock returns in eighteen emerging stock markets for the period 1987-1995.Even though considerable evidence for seasonal effects applies in several...
Persistent link: https://www.econbiz.de/10005634441