Similar Search Results

Asymmetric Adjustment and Nonlinear Dynamics in Real Exchange Rates

Leon, H. L.; Najarian, Serineh - International Monetary Fund (IMF) - 2003

This paper examines whether deviations from PPP are stationary in the presence of nonlinearity, and whether the adjustment toward PPP is symmetric from above and below. Using alternative nonlinear models, our results support mean reversion and asymmetric adjustment dynamics. We find differences...

Persistent link: https://www.econbiz.de/10005769039

Time-Varying Thresholds; An Application to Purchasing Power Parity

Leon, H. L.; Najarian, Serineh - International Monetary Fund (IMF) - 2003

This paper introduces a time-varying threshold autoregressive model (TVTAR), which is used to examine the persistence of deviations from PPP. We find support for the stationary TVTAR against the unit root hypothesis; however, for some developing countries, we do not reject the TVTAR with a unit...

Persistent link: https://www.econbiz.de/10005604859

Räumliche Preisvergleiche: Aggregationskonzepte und Forschungsperspektiven

Auer, Ludwig - In: AStA Wirtschafts- und Sozialstatistisches Archiv 6 (2012) 1, pp. 27-56

Politicians and scientists have a strong interest in reliable regional and international comparisons of productivity, income, wages, and social benefits. Such comparisons require meaningful indicators of the regional and international price levels. The computation of such indicators utilizes...

Persistent link: https://www.econbiz.de/10010994202

Effects of Energy Price Changes on Russian Economy

Suni, Paavo - In: CESifo Forum 9 (2008) 2, pp. 9-15

Persistent link: https://www.econbiz.de/10005013146

Wodurch werden die Mietpreise bestimmt? Unterschiede in den Mieten in Ost- und Westdeutschland

Fritzsche, Carolin; Kluge, Jan - In: ifo Dresden berichtet 21 (2014) 06, pp. 03-10

In den vergangenen Jahren gab es einen deutlichen Preisauftrieb auf dem Wohnungsmarkt. Dennoch sind die durchschnittlichen Mietpreise in Ostdeutschland heute immer noch geringer als in Westdeutschland. Dieser Artikel untersucht, wodurch die Mietpreise bestimmt werden. Es zeigt sich, dass das...

Persistent link: https://www.econbiz.de/10011186139

Estimation of Equilibrium Exchange Rates in the Waemu; A Robustness Approach

Saxegaard, Magnus; Roudet, Stéphane; Tsangarides, … - International Monetary Fund (IMF) - 2007

Using the FEER approach we investigate the long-run equilibrium paths of the real effective exchange rates (REERs) of countries in the West African Economic and Monetary Union (WAEMU). In an attempt to address econometric estimation uncertainty, we employ both single-country (Johansen and ARDL)...

Persistent link: https://www.econbiz.de/10005826283

A Small Quarterly Projection Model of the US Economy

Ermolaev, Igor; Juillard, Michel; Carabenciov, Ioan; … - International Monetary Fund (IMF) - 2008

This is the first of a series of papers that are being written as part of a project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. In this paper, we estimate a small...

Persistent link: https://www.econbiz.de/10005263685

A Small Quarterly Multi-Country Projection Model with Financial-Real Linkages and Oil Prices

Juillard, Michel; Freedman, Charles; Korshunov, Dmitry; … - International Monetary Fund (IMF) - 2008

This is the third of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit for studying both own-country and cross-country linkages. In this paper, we estimate a small...

Persistent link: https://www.econbiz.de/10005264080

An Empirical Study of the Correlation between the Monetary Aggregates and the Price Level in Euro Area in the Years 2004 - 2013

Slahor, Ludomir; Majercakova, Daniela; Mittelman, Alexandra - In: Eurasian Journal of Economics and Finance 3 (2015) 1, pp. 38-50

The historical evidence suggests a high correlation between changes in the stock of money per unit of output and … changes in prices in the same direction. The goal of this paper is to analyze the correlation between the monetary aggregates …-moment correlation coefficient as a degree of the dependence between the monetary aggregate M3 and the harmonized index of consumer …

Persistent link: https://www.econbiz.de/10011227839

Constructing Forecast Confidence Bands During the Financial Crisis

Clinton, Kevin; Johnson, Marianne; Chen, Huigang; … - International Monetary Fund (IMF) - 2009

We derive forecast confidence bands using a Global Projection Model covering the United States, the euro area, and Japan. In the model, the price of oil is a stochastic process, interest rates have a zero floor, and bank lending tightening affects the United States. To calculate confidence...

Persistent link: https://www.econbiz.de/10008559263

1
2
3
4
5
6
7
8
9
10
Next
Last