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it is analysed the stability of the Romanian leu/euro exchange rate in the context of Romania's goal to join the eurozone. …
Persistent link: https://www.econbiz.de/10012014997
Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium. …
Persistent link: https://www.econbiz.de/10011689943
"The Quest for Stability" in Utrecht, the Netherlands. The papers contained in this SUERF Study jointly published with DNB …
Persistent link: https://www.econbiz.de/10011706504
Stability" in Utrecht, the Netherlands. The papers included in this SUERF Study are based on contributions to the Colloquium. …
Persistent link: https://www.econbiz.de/10008544608
We examine stability of competitive equilibrium in an N-country world economy with capital accumulation, where each … sufficient condition for stability is shown as positive definiteness of a simple matrix. The condition requires that any positive …'s wealth accumulation. In the presence of a DMI country, the number of countries should be sufficiently small for stability …
Persistent link: https://www.econbiz.de/10010332331
In the wake of the global change of a new accumulation regime in main capitalist economies, the opening up and liberalisation process of emerging economies from the 1980s has provoked great expectations that resulted in recurrent disappointing crises. Studied as a stylized fact, the Turkish...
Persistent link: https://www.econbiz.de/10009402058
We develop a set of necessary and sufficient conditions for equilibria to be determinate in a class of forward-looking Markov-switching rational expectations models, and we develop an algorithm to check these conditions in practice. We use three examples, based on the new Keynesian model of...
Persistent link: https://www.econbiz.de/10010292280
the conditions for monetary policy to secure stability and determinacy of the model's equilibrium depend on the fiscal … rates, the range of values of the monetary policy parameter that ensures stability and determinacy change significantly. …
Persistent link: https://www.econbiz.de/10010295662
applications. It is of interest to characterize the L2-stability (stability of second moments) of solutions of SDDE. For the class …
Persistent link: https://www.econbiz.de/10010296486
The development of tractable forward looking models of monetary policy has lead to an explosion of research on the implications of adopting Taylor-type interest rate rules. Indeterminacies have been found to arise for some specifications of the interest rate rule, raising the possibility of...
Persistent link: https://www.econbiz.de/10010298274