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Persistent link: https://www.econbiz.de/10011282584
Der Preis für Rohöl ist Ende vergangenen Jahres aufgrund der weltweit schwachen Konjunktur und der rückläufigen Ölnachfrage innerhalb von drei Monaten um etwa 10 US-Dollar auf 18 US-Dollar je Barrel gefallen. Verstärkt wurde dieser konjunkturelle Effekt durch den Einbruch des...
Persistent link: https://www.econbiz.de/10011601347
Brent-Rohöl von Januar bis Mitte September um nahezu die Hälfte, auf über 28 US-Dollar je Barrel, gestiegen. Zu diesem …
Persistent link: https://www.econbiz.de/10011601388
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This paper revisits the dynamic linkages between the Brent oil market and OECD stock markets. Econometrically, we use a …
Persistent link: https://www.econbiz.de/10015419549
In recent years, especially in the aftermath of the global financial meltdown, the performance of South Asia capital markets has attracted the attention of the researchers and investors across the globe. The resilient shown provides the impetus to examine the efficient market hypothesis in these...
Persistent link: https://www.econbiz.de/10011938297
series. Given the non-stationarity of our variables, we found cointegration to exist only between oil price and foreign … reserve. The presence of cointegration implied the existence of long run relationship between the variables. The Granger …
Persistent link: https://www.econbiz.de/10012611155
for characterizing the MD function under a fixed ER regime by applying cointegration and equilibrium correction modeling …
Persistent link: https://www.econbiz.de/10015334103
I apply the Johansen and Swensen (1999, 2004) method of testing exact rational expectations within the cointegrated VAR (Vector Auto-Regressive) model, to testing the New Keynesian (NK) model. This method permits the testing of rational expectation systems, while allowing for non-stationary...
Persistent link: https://www.econbiz.de/10010295321
additional variables. The Augmented Dickey Fuller (ADF) and Johansson Cointegration tests are used to test stationarity for all … variables and cointegration respectively. The results of these tests demonstrate that all variables are non-stationary at levels …
Persistent link: https://www.econbiz.de/10011938302