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La modélisation des interactions entre économie et politique dans les pays en développement
Lafay, Jean-Dominique - In: Journal des économistes et des études humaines : JEEH … 4 (1993) 4, pp. 473-494
Persistent link: https://www.econbiz.de/10001165092
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A Call for Out-of-Sample Testing in Macroeconomics
Gelfond, Robert - 2016
Social science has come under a firestorm of criticism following the discovery that many findings cannot be replicated. This paper argues that increasing the use of out-of-sample tests would improve the reliability of findings in all fields, including “complex” fields such as macroeconomics....
Persistent link: https://www.econbiz.de/10012998988
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Determinants of External-Debt Crises. A Probit Model
Magomedova, Medeya - 2017
The issue of EDC became increasingly important in the field of development economics primarily because EDC has been occurring more frequent after the deregulation of global financial flows in the 1970s (Tiruneh 2004, Jones 2015) hitting mostly MICs and LICs. Assessing the probability of an EDC...
Persistent link: https://www.econbiz.de/10012946953
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An Empirical Assessment of the Effectiveness of the Transmission Mechanism Theory of Monetary Policy (TMTM) on Real Economies
Anning, Frederick - 2018
transmission mechanism theory as a tool that defines how policy variations in nominal money stock or short-term interest rate … affect real economic variables not limited to employment as well as aggregate output. The theory of transmission mechanism … channels. This article assesses and analyzes the various channels in the theory …
Persistent link: https://www.econbiz.de/10012918453
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Dynamic Entry with Cross Product Spillovers : An Application to the Generic Drug Industry
Gallant, A. Ronald - 2010
Experience in one product market can potentially improve firm performance in a related product market in the future. Thus, entry into a market is determined not just by profits in that market but also by its future impact on profitability in other markets. We formulate and estimate a dynamic...
Persistent link: https://www.econbiz.de/10013138373
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The Inflation-Output Trade-Off Revisited
Eggertsson, Gauti B. - 2013
A rich literature from the 1970s shows that as inflation expectations become more and more ingrained, monetary policy loses its stimulative effect. In the extreme, with perfectly anticipated inflation, there is no trade-off between inflation and output. A recent literature on the interest-rate...
Persistent link: https://www.econbiz.de/10013084189
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The inflation-output trade-off revisited
Eggertsson, Gauti B.; Giannoni, Marc Paolo - 2013
A rich literature from the 1970s shows that as inflation expectations become more and more ingrained, monetary policy loses its stimulative effect. In the extreme, with perfectly anticipated inflation, there is no trade-off between inflation and output. A recent literature on the interest-rate...
Persistent link: https://www.econbiz.de/10009725590
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The Equity Premium, Long-Run Risks to R-Star, and Asymmetric Optimal Monetary Policy
Diercks, Anthony M. - 2020
The key insight from this analysis is that monetary policy should be responding more to negative shocks than positive shocks: optimal monetary policy is asymmetric. Moreover, if we take the stance that asset prices indicate a high cost of exposure to long-run risks, this has very interesting...
Persistent link: https://www.econbiz.de/10012848255
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Central banks' response to inflation, output gap, and exchange rate in Nigeria and South Africah
Vincent, Olusegun - In: Cogent business & management 8 (2021) 1, pp. 1-12
In Africa, a number of countries like South Africa have adopted inflation targeting. In Nigeria, different monetary policy regimes have been adopted over the years with rather unsatisfactory success. This study examines inflation targeting in Nigeria and South Africa, using fully modified least...
Persistent link: https://www.econbiz.de/10012628924