: This paper investigates the impact of monetary policy shocks on a wide range of macroeconomic variables in Malaysia. To achieve this, it uses the Factor Augmented Vector Autoregression (FAVAR) approach that combines factor analysis and vector autoregression. The information set consists of 78...

: The paper is an attempt to analyze the behavior of money demand function in India using annual data for the period 1953-2008. Gregory and Hansen (1996) cointegration results show the presence of cointegration between demand for money, real GDP and nominal interest rate with structural break in...

: This study investigates the relationship between nominal and real effective exchange rates. Both short run and long run relationships between the two are examined by employing Autoregressive Distributed Lag (ARDL) bounds testing approach to cointegration. The results of the study reveal that...

: This paper investigates whether stable long-run money demand function for real narrow money exists in Greece over the period 2001:Q1-2010:Q4. To achieve this objective, the Johansen maximum likelihood procedure is used. Then, Gregory and Hansen tests are applied to test the possible structural...

: The trickle down of growth from one region to another or spillover effect is implicit in the very idea of ‘balanced regional development’ which has always been one of the declared objectives of national policy in India. This paper is an attempt to analyze the performance of northeastern...

: The study re-examines the McKinnon-Shaw financial liberalization hypothesis, which posits simply that high real deposit interest rates increase financial savings, which in turn lead to increase in the quantity and quality of domestic investment. More specifically, the study investigates the...

: Dependency on oil income in many resource-exporting open economies threatens the ability of their economies to sustain GDP growth when oil income runs low or when oil resources are depleted. This paper attempts to appraise the efficiency of the Omani economy and its fiscal sustainability in...

: This paper discusses in some detail various existing approaches of measuring core inflation, evaluating their potential advantages and disadvantages. Then a variety of measures of core inflation for India based on three methods are constructed. Among these measures, three are based on...

: The purpose of this research is to investigate the insurer’s accountability effort associated with the sale of variable pension annuities. For the purpose of the study, a very simple model is built and two propositions are derived. The success probability of the investment exceeding a...