Showing 1 - 10 of 11
This paper investigates the determinants of real interest rates at world and country level. The starting point is the idea that the real interest rates reflect the interaction of desired saving and planned investment, using the framework developed by Barro and Sala-i- Martin (1990) and Barro (1992).
Persistent link: https://www.econbiz.de/10005368573
This paper derives a theoretical labour market model for the tradeables sector of a small open economy. Using Greek manufacturing data and applying multivariate cointegrating techniques, two cointegrating vectors are estimated based on the a priori restrictions provided by the theoretical model;...
Persistent link: https://www.econbiz.de/10005368683
This note points out to applied researchers what adjustments are needed to the coefficient estimates in a random effects probit model in order to make valid comparisons in terms of coefficient estimates and marginal effects across different specifications. These adjustments are necessary because...
Persistent link: https://www.econbiz.de/10005368759
This paper presents a small macroeconometric model examining the determinants of Indian trade and inflation to address the effects of a reform policy package similar to those implemented in 1991. This is different from previous studies along one important dimension that we explicitly incorporate...
Persistent link: https://www.econbiz.de/10005146946
Persistent link: https://www.econbiz.de/10005146962
This paper presents a new quarterly macroeconometric model of the Belgian economy.
Persistent link: https://www.econbiz.de/10005780082
In this paper, the interaction between inflation and monetary policy rules is analysed within the framework of a dynamic general equilibrium model derived from optimizing behaviour and rational expectations.
Persistent link: https://www.econbiz.de/10005780083
This paper examines robust estimators of core inflation for Belgian historical CPI data, and the euro area Harmonised indices of Consumer Prices.
Persistent link: https://www.econbiz.de/10005780087
This article analyses how the degree of product differentiation, the size of the cartel and the size of the industry affect the stability of a cartel formed by any number of firms in an industry of any size. The paper considers a supergame-theoretic model to define stability. After a non-loyal...
Persistent link: https://www.econbiz.de/10005178297
I develop a model of secondary market pricing of sovereign debt when the creditors can reduce the debt. The sovereign obtains a stochastic revenue flow from the external sector and have a constant debt flow obligation. Default is costly for both the sovereign and the creditors and the...
Persistent link: https://www.econbiz.de/10005748247