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The main aim of this research is to construct different forecasts for the weight of fiscal revenues in the GDP for Romania on short horizon (2011-2013) by using different types of econometric models. Using annual data from 1995, according to Granger causality test, there is a unidirectional...
Persistent link: https://www.econbiz.de/10011120371
and inflation in ten European transition economies. From estimated VAR model (recursive Cholesky decomposition is employed … to identify structural shocks) we compute impulse-response functions to analyze responses of real output and inflation to …
Persistent link: https://www.econbiz.de/10011259924
may be compared to an initial shock ETE experienced at the beginning of the transition process in the early 1990s …
Persistent link: https://www.econbiz.de/10009653260
may be compared to an initial shock ETE experienced at the beginning of the transition process in the early 1990s …
Persistent link: https://www.econbiz.de/10009647214
This paper adumbrates a theory of what might be going wrong in the monetary SVAR literature and provides supporting … empirical evidence. The theory is that macroeconomists may be attempting to identify structural forms that do not exist, given …
Persistent link: https://www.econbiz.de/10009251300
The purpose of this study is to examine the effectiveness of monetary policy actions in affecting the interest rate term structure. As a first approach, variations of the interest rate term structure in dates following a change in monetary policy stance are presented for the years 1998, 1999 and...
Persistent link: https://www.econbiz.de/10008493912
Origins and implications of twin deficits occurrence in a large scale of countries seems to be a center of rigorous empirical as well as theoretical investigation for decades. The reality of persisting fiscal and current account deficits became obvious in many advanced as well as advancing,...
Persistent link: https://www.econbiz.de/10010747394
and inflation in ten European transition economies. From estimated VAR model (recursive Cholesky decomposition is employed … to identify structural shocks) we compute impulse-response functions to analyze responses of real output and inflation to …
Persistent link: https://www.econbiz.de/10010674560
standard deviation real exchange rate shock are computed for two models covering time series for two periods - 2000-2007 (model …
Persistent link: https://www.econbiz.de/10011107290
Origins and implications of twin deficits occurrence in a large scale of countries seems to be a center of rigorous empirical as well as theoretical investigation for decades. The reality of persisting fiscal and current account deficits became obvious in many advanced as well as advancing,...
Persistent link: https://www.econbiz.de/10011109066