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Persistent link: https://www.econbiz.de/10013350460
Purpose The purpose of the paper is to examine the differences in the impact of financial stress in advanced and emerging economies. Design/methodology/approach The authors employ a panel vector autoregression model (PVAR) for a comparative analysis of the relationship between financial stress,...
Persistent link: https://www.econbiz.de/10013382181
Persistent link: https://www.econbiz.de/10014281023
inflation and the pre-Accord peg. In this counterfactual, debt/GDP declines only to 74% in 1974, not 23% as in actual history …The fall in the U.S. public debt/GDP ratio from 106% in 1946 to 23% in 1974 is often attributed to high rates of … economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged …
Persistent link: https://www.econbiz.de/10014337810
This write up seeks to explain five indicators such as inflation, GDP growth, unemployment, interest rates and exchange … structural reform, and unstable prices and currency rates. A high rate of inflation, multiple exchange rates, levels of debt that …
Persistent link: https://www.econbiz.de/10014259361
In this paper, we study some continuous-time cash-in-advanced models in which interest rate smoothing is optimal. We consider both deterministic and stochastic models.
Persistent link: https://www.econbiz.de/10005808110
This study focuses on those substantial changes that characterize the shift of Vietnam’s macroeconomic structures and evolution of micro-structural interaction over an important period of 1991-2008. The results show that these events are completely distinct in terms of (i) Economic nature; (ii)...
Persistent link: https://www.econbiz.de/10005558890
Persistent link: https://www.econbiz.de/10005627198
inflation and the pre-Accord peg. In this counterfactual, debt/GDP declines only to 74% in 1974, not 23% as in actual history …The fall in the U.S. public debt/GDP ratio from 106% in 1946 to 23% in 1974 is often attributed to high rates of … economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged …
Persistent link: https://www.econbiz.de/10015058792
Persistent link: https://www.econbiz.de/10010410491