Showing 81 - 90 of 101,025
The research aims to test the impact of financial development on the bank lending channel of monetary policy transmission for the case study of an emerging market characterized by a multiple-tool regime, which has been ignored in previous studies. Given the two-step system generalized moments of...
Persistent link: https://www.econbiz.de/10014442729
sample of representative commercial banks on a quarterly basis for a small open emerging market such as Vietnam. We find that …
Persistent link: https://www.econbiz.de/10014431861
mechanism in Vietnam, using the vector autoregression approach (VAR) and focusing on the reduced-form relationships between … monetary policy can affect real output. Surprisingly, the connection between money and inflation is less clear in the Vietnam …
Persistent link: https://www.econbiz.de/10005012221
The paper presents an analysis of exchange rate policy in Vietnam during 2008–2009. In early 2008, the country faced a … authorities responded with various exchange rate policy measures. The paper documents a shift in Vietnam's de facto exchange rate …
Persistent link: https://www.econbiz.de/10010576516
peculiar nature of the gold market in Vietnam and the resiliently strong demand for gold in the local market. In particular … of the gold price movements in Vietnam. Past studies demonstrate that if gold could be viewed as a financial asset … assessed potential inflationary implication of gold in Vietnam, especially during the recent years of volatile and double …
Persistent link: https://www.econbiz.de/10011186036
peculiar nature of the gold market in Vietnam and the resiliently strong demand for gold in the local market. In particular … of the gold price movements in Vietnam. Past studies demonstrate that if gold could be viewed as a financial asset … assessed potential inflationary implication of gold in Vietnam, especially during the recent years of volatile and double …
Persistent link: https://www.econbiz.de/10011108861
The Great Recession seems to be a natural experiment for economic analysis, in that it has shown the inadequacy of the predominant theoretical framework - the New Neoclassical Synthesis (NNS) - grounded on the DSGE model. In this paper, we present a critical discussion of the theoretical,...
Persistent link: https://www.econbiz.de/10011457386
Persistent link: https://www.econbiz.de/10012225066
This work nests the Agent-Based macroeconomic perspective into the earlier history of macroeconomics. We discuss how the discipline in the 70's took a perverse path relying on models grounded on fictitious rational representative agent in order to try to pathetically circumvent aggregation and...
Persistent link: https://www.econbiz.de/10011961378
This paper finds a significant influence of Milton Friedman on U.K. economic policy from the 1970s onward, and especially during the period of the Thatcher Government. The finding is based on a consideration of statements by policymakers and key economic advisers, as well as an analysis of...
Persistent link: https://www.econbiz.de/10011803172