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Can a pure real business cycle model explain the real exchange rate: the case of Ukraine
Onishchenko, Kateryna - Economics Section, Cardiff Business School - 2011
ARIMA(2,1,4) parameters and to show with the Wald statistics that those parameters lie within 95% confidence intervals of …
Persistent link: https://www.econbiz.de/10009145160
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Can a pure real business cycle model explain the real exchange rate : the case of Ukraine
Onishchenko, Kateryna - 2011
ARIMA(2,1,4) parameters and to show with the Wald statistics that those parameters lie within 95% confidence intervals of … ; small open economy ; indirect inference ; ARIMA …
Persistent link: https://www.econbiz.de/10009229205
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Fiscal Policy and Macroeconomic Imbalances
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
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Can a pure real business cycle model explain the real exchange rate: the case of Ukraine
Onishchenko, Kateryna - In: International Journal of Sustainable Economy 4 (2012) 2, pp. 111-135
generated pseudo-samples for RER by method of bootstrapping allow to obtain the distribution of the best fit ARIMA(2 …
Persistent link: https://www.econbiz.de/10010668636
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Can a pure real business cycle model explain the real exchange rate: the case of Ukraine
Kateryna, Onishchenko - EERC Research Network, Russia and CIS - 2011
bootstrapping allow to obtain the distribution of the best fit ARIMA(2,1,4) parameters and to test with the Wald statistics if the … ARIMA parameters estimated with the historical data lie within confidence intervals of those estimated for bootstrapped … pseudo Q parameters. All of the ARIMA parameters for the real exchange rate lie within 95% confidence intervals and the …
Persistent link: https://www.econbiz.de/10011094952
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Timely measurement of real effective exchange rates
Darvas, Zsolt M. - 2021
We demonstrate that short-run real exchange effective rate changes are dominated by nominal effective exchange rate changes, while inflation rates are sticky and contribute little to short-run real exchange rate changes. These observations allow a rather accurate real-time approximation of the...
Persistent link: https://www.econbiz.de/10013184685
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On corporate borrowing, credit spreads and economic activity in emerging economies : an empirical investigation
Caballero, Julián; Fernández, Andrés; Park, Jongho - 2016
This paper studies the influence of external financial factors on economic activity in emerging economies (EMEs) motivated by a considerable increase in foreign financing by the corporate sector in EMEs since the early 2000s, mainly in the form of bond issuance. A quarterly external financial...
Persistent link: https://www.econbiz.de/10011519092
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On Corporate Borrowing, Credit Spreads and Economic Activity in Emerging Economies : An Empirical Investigation
Caballero, Julián - 2017
This paper studies the influence of external financial factors on economic activity in emerging economies (EMEs) motivated by a considerable increase in foreign financing by the corporate sector in EMEs since the early 2000s, mainly in the form of bond issuance. A quarterly external financial...
Persistent link: https://www.econbiz.de/10012958080
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On Corporate Borrowing, Credit Spreads and Economic Activity in Emerging Economies : An Empirical Investigation
Caballero, Julián - 2017
We document a considerable increase in foreign financing by the corporate sector in emerging economies (EMEs) since the early 2000s, mainly in the form of bond issuance, and claim that it has opened up an important channel by which external financial factors can drive economic activity in these...
Persistent link: https://www.econbiz.de/10012945430
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Equity Returns, Bond Spreads, and Economic Activity in Emerging Countries
Horvath, Jaroslav; Yang, Guanyi - 2021
While simultaneously accounting for the effects of sovereign and corporate bond spreads, we document that emerging market economy (EME) equity returns have a strong predictive power for future output growth and account for a significant fraction of output fluctuations in these countries. Our...
Persistent link: https://www.econbiz.de/10013228183