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Causal relationship between wages and prices in R. Macedonia: VECM analysis

Josheski, Dushko; Bardarova, Snezana - 2013

In this paper the issue of causality between wages and prices in R. Macedonia has been tested. OLS relationship between … prices and wages is positive; productivity is not significant in determination of prices or wages too. Engle-Granger test …

Persistent link: https://www.econbiz.de/10010317247

New Keynesian Macroeconomics: Empirically tested in the case of Republic of Macedonia

Josheski, Dushko; Lazarov, Darko - 2012

In this paper we test New Keynesian propositions about inflation and unemployment trade off with the New Keynesian Phillips curve and the proposition of non-neutrality of money. The main conclusion is that there is limited evidence in line with the New-Keynesian theory. Money and growth are...

Persistent link: https://www.econbiz.de/10010310445

Wachstumszwänge in der Geldwirtschaft. Zwischenbericht der Wissenschaftlichen Arbeitsgruppe nachhaltiges Geld

Freydorf, Christoph; Kimmich, Christian; Koudela, Thomas; … - 2012

Dieser Beitrag untersucht ökonomische Wachstumsnotwendigkeiten anhand der Funktionsweise der gegenwärtigen Geldwirtschaft im zweistufigen Bankensystem sowie anhand eines bestands- und flussgrößenkonsistenten Modells. Ergebnis des Modells ist, dass die Funktionsweise der Geldwirtschaft...

Persistent link: https://www.econbiz.de/10011495645

Еconomic theory and the New-Keynesian school

Josheski, Dushko; Magdinceva-Sopova, Marija - 2014

prices are rigid, expectations of the economic agents are rational, but also historical data are of great importance, and …

Persistent link: https://www.econbiz.de/10010330397

Funders-of-Last-Resort: Legal Issues Involved in Using Central Bank Balance Sheets to Bolster Economic Growth

Michael, Bryane; Dalko, Viktoria - 2017

What role does unconventional monetary policy - and particularly unconventional policies like private asset purchases under a quantitative easing or lender of last resort scheme - play in influencing economic growth directly? Emerging and developing countries' central banks could contribute to...

Persistent link: https://www.econbiz.de/10011725165

Monetary System of Georgia in XI-XII centuries and its Effect on Economic Activity

Abuselidze, George - 2018

This works covers peculiarities of formation of Georgian monetary system in XI-XII centuries and their effect on the international financial and economic relations. In this works we have researched the matters of formation of monetary policy of feudal age and their effect on development of...

Persistent link: https://www.econbiz.de/10011782740

Central Bank Capital as an Instrument of Monetary Policy

Hampl, Mojmir; Havranek, Tomas - 2018

We examine the use of central bank capital as an unconventional monetary policy tool. In this setting, a central bank employs digital currency to transfer digital cash to each household, thus supporting consumption directly when needed. The asset side of the central bank’s balance sheet...

Persistent link: https://www.econbiz.de/10011815066

End of 9-Endings and Price Perceptions

Chen, Haipeng (Allan); Levy, Daniel; Snir, Avichai - 2017

-endings. In January 2014, the Israeli parliament has passed a law prohibiting the use of non 0-ending prices. We find that one … year after 9-ending prices have disappeared, 90-ending prices acquired the same status as 9-ending prices had before the … law was passed. 90-ending prices became the new psychological price points. The retailers and the shoppers both reacted to …

Persistent link: https://www.econbiz.de/10011587509

Exchange Rate Pass-through in Russia

Ponomarev, Yuri; Trunin, Pavel V.; Uljukaev, Aleksej V. - 2014

The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia …

Persistent link: https://www.econbiz.de/10011379941

Here Lives a Wealthy Man: Price Rigidity and Predictability in Luxury Housing Markets

Levy, Daniel; Snir, Avichai - 2018

, past prices affect current prices; luxury home prices persist; and prices of luxury homes are stickier than prices of … middle-class homes. Recent macroeconomic models predict that housing markets can have counter-cyclical effect, if home prices … are flexible. Our findings imply that home prices, especially luxury home prices, may not be flexible enough to generate …

Persistent link: https://www.econbiz.de/10011806155