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interventions. The motivating example for this study is the Brazilian monthly inflation and interest rate series (1974:1- 1994 … of inflation and interest rate was indeed explosive over this period. Simulation results are presented to support the …
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Mit dem zukünftigen Beitritt der bis dato noch nicht der europäischen Währungsunion beigetretenen mittel- und osteuropäischen EU-Mitglieder werden sich bestehenden Heterogenitäten innerhalb des europäischen Währungsraumes weiter verstärken. Insbesondere die zunehmenden...
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The author examines recent trends in sterilized intervention among emerging-market economies, to determine the size and extent of this policy in relation to earlier periods of heavy reserve accumulation. He then analyzes whether the domestic costs and risks of substantial and prolonged...
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- and find some evidence in its favour. -- voting ; inflation unemplyment ; Britian ; elections …
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