On November 26, 2001, the National Bureau of Economic Research announced that the U.S. economy had officially entered into a recession in March 2001. This decision was a surprise and did not end all the conflicting opinions expressed by economists. This matter was finally settled in July 2002...

In an attempt to predict a peak in the U.S. economy using a classical statistical decision methodology and a Bayesian methodology and using the 1996 revised composite leading economic indicators, it is learned that the Bayesian models have generally outperformed the classical statistical ones...

Since the late 1970s/early 1980s, the entire U.S. economy has gone through some structural changes. Outside of the technological changes, the Federal Reserve monetary policies have probably been the main force behind these changes. These policies, known as soft-landing policies, focused on a...

On November 26, 2001, the National Bureau of Economic Research announced that the U.S. economy had officially entered into a recession in March 2001. This decision was a surprise and did not end all the conflicting opinions expressed by economists. This matter was finally settled in July 2002...

The monetary policy rules that are widely discussed--notably the Taylor rule--are remarkable for their simplicity. One reason for the apparent preference for simple ad hoc rules over optimal rules might be the assumption of full information maintained in the computation of an optimal rule....

The monetary policy rules that are widely discussed--notably the Taylor rule--are remarkable for their simplicity. One reason for the apparant preference for simple ad hoc rules over optimal rules might be the assumption of full information maintained in the computation of an optimal rule....

Demand for money is an important macroeconomic relationship. Its stability has implications for the choice of monetary policy targets. This paper estimates demand for narrow money in Fiji and evaluates its robustness and stability. It is found that there is a well determined stable demand for...

This paper analyzes to what extent changes in monetary policy regimes influence the business cycle in a small open economy and investigates the impact of policy breaks on the estimation procedure. We estimate a DSGE model on Swedish data, explicitly taking into account the monetary regime change...

Since 1998 Hong Kong has experienced over 16 quarters of deflation. Some asset prices such as factory and office space prices started to fall in early 1990s, a long time before the Asian crisis. The number of firms and businesses that have moved out of Hong Kong are not readily available, but it...

The analysis of the inflation in Romania, must take into account both the inflationist pressions that action on the side of the request and the ones that manifest on the side of the offer. Thus is possible to identify the anti-inflationist measures that hint both at the control of the demand...