This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term structure models, specifically the Nelson-Siegel Model and Affine Term- Structure Model, this paper estimates the terms structure of Treasury bond yields for the United States with...

In recent years, many countries have adopted Fiscal Responsibility Laws to strengthen fiscal institutions and promote fiscal discipline in a credible, predictable and transparent manner. Still, results on the effectiveness of these laws remain tentative. In this paper, we test empirically...

Цель исследований – точечный и интервальный прогноз на 10 рабочих дней вперёд на основании исторических данных об окончательных ценах на акции «Erste Bank Group» на...

This paper examines the impact of capital market deepening on economic growth of Bangladesh using the time series data on market capitalization-GDP ratio, total market turnover-GDP ratio and Savings-GDP ratio over the period covering from the year 1991 to 2011. The economic results found by...

The purpose of the study is to examine the existence of causality between macroeconomic variables and stock returns in Ghana. The study employs monthly time series data spanning the period January 1995 to December 2010. Unit root test is performed using ADF, PP and KPSS tests. Then, Vector Error...

The Iranian real gross domestic product in the period of 1959-2001 reveals a relatively high degree of instability. Some of this instability almost certainly arises because of external shocks to the economy. This paper focuses on three shocks, or interventions, which seem to have had...

The aim of this study is to investigate econometrically with the time series analysis whether it is effectively operating of exchange rate channel of monetary transmission in Turkey. In the study, covering the period of 2006:5-2011:5 that the explicit inflation targeting (IT) is implemented,...

This study investigates the relationship between higher education and economic growth in Pakistan by using the annual time series data from the period of 1980–2011. The ARDL bound testing cointegration approach confirms the valid positive relationship between higher education development and...

We use national and regional Canadian data to analyze the relationship between the unemployment rate and crime rates. Given potential aggregation bias, we disaggregate the aggregate crime data and look at the relationship between six different types of crimes and unemployment rate. At the...