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Shokoofeh, Fazel - In: Humanomics 22 (2006) 3, pp. 139-144

/implications – The conclusion of this paper should be incorporated in all macroeconomics textbooks. Lack of such analyses may leave a … paper is to readers of macroeconomics textbooks. This paper has an original value in that it communicates to readers that … most macroeconomic textbooks fail to provide detailed and clear explanations as to why very frequently monetary policy does …

Persistent link: https://www.econbiz.de/10014745307

When Should We Worry about Inflation?

Espinoza, Raphael; Leon, Hyginus; Prasad, Ananthakrishnan - In: The World Bank Economic Review 26 (2012) 1, pp. 100-127

At what level should inflation be a concern? From a growth perspective, high and rising levels of inflation as in 2006–2008 raise concerns that inflation, if uncontained, could undermine growth. On the other hand, higher levels of inflation could create more space for using monetary policy to...

Persistent link: https://www.econbiz.de/10015360651

Assessing the macroeconomic effects of fiscal policy in Colombia

Lozano, Ignacio; Rodríguez, Karen - In: Journal of Financial Economic Policy 3 (2011) 3, pp. 206-228

Purpose – The purpose of this paper is to study the short‐term macroeconomic effects of the fiscal policy in Colombia for the 1980‐2007 period using a structural vector autoregression (SVAR) model. Design/methodology/approach – The authors' benchmark is a five‐variable SVAR model which...

Persistent link: https://www.econbiz.de/10014866847

A resource allocation model for university libraries in India

Sudarsan, P.K. - In: The Bottom Line 19 (2006) 3, pp. 103-110

Purpose – The purpose of this paper is to develop and demonstrate a performance‐based allocation model for university libraries in India. Design/methodology/approach – Using economic models with weighted values, a system of allocating funds to university library departments is illustrated....

Persistent link: https://www.econbiz.de/10014686151

Monetary policy influences in Australian housing markets

Costello, Gregory; Fraser, Patricia; MacDonald, Garry - In: International Journal of Housing Markets and Analysis 8 (2015) 2, pp. 265-286

Purpose – This paper aims to analyze the impact of common monetary policy shocks on house prices at national and capital city levels of aggregation, using Australian data and the Lastrapes (2005) two-part structural vector autoregressive (SVAR) empirical method. Design/methodology/approach –...

Persistent link: https://www.econbiz.de/10014778153

Unemployment Revisited

Nickell, Stephen - In: Journal of Economic Studies 20 (1993) 1/2

Discusses a number of issues put forward by the other authors in this volume. In particular considers the potential role of real interest rates in unemployment models, the importance of the trade balance and related constraints in open economy models and the uniqueness and stability of...

Persistent link: https://www.econbiz.de/10014863425

Public debt and risk premium : An analysis from an emerging economy

Ferreira de Mendonça, Helder; Pereira Duarte Nunes, Marcio - In: Journal of Economic Studies 38 (2011) 2, pp. 203-217

Purpose – This analysis seeks to deal with the emerging economies and to reveal that, if the fiscal authority is accountable with a policy that stabilizes the public debt/GDP ratio, the consequence is a low Treasury bond risk premium. Design/methodology/approach – Based on the purpose of...

Persistent link: https://www.econbiz.de/10014863279

Monetary policy in an uncertain world: probability models and the design of robust monetary rules

Levine, Paul - In: Indian Growth and Development Review 5 (2012) 1, pp. 70-88

Purpose – The purpose of this paper is to describe the transformation of macro‐modelling from reduced form behavioural equations estimated separately, through to contemporary microfounded dynamic stochastic general equilibrium (DSGE) models estimated by systems methods. It is argued that...

Persistent link: https://www.econbiz.de/10014758958

Interest rate pass‐through in Kenya

Misati, Roseline N.; Nyamongo, Esman M.; Kamau, Anne W. - In: International Journal of Development Issues 10 (2011) 2, pp. 170-182

Purpose – This study aims to quantitatively measure the size and speed of monetary policy interest rate transmission to long‐term interest rates in Kenya. Design/methodology/approach – The study uses autoregressive distributed lag specification re‐parameterized as an error correction...

Persistent link: https://www.econbiz.de/10014768779

The sensitivity of house prices under varying monetary regimes: the Nordic scenario

Cajias, Marcelo; Ertl, Sebastian - In: International Journal of Housing Markets and Analysis 10 (2017) 1, pp. 4-21

Purpose This paper aims to examine whether there are differences between the long and short-term relationship of house prices and interest rates. The elasticity of house prices to monetary policy changes, e.g. via interest rates, is from a theoretical perspective and in the long-run negative....

Persistent link: https://www.econbiz.de/10014778309