Search Results - subject:"Monetary Model"

The Monetary Model of Exchange Rate in Nigeria: an Autoregressive Distributed Lag (ARDL) Approach

Evans, Olaniyi - Volkswirtschaftliche Fakultät, … - 2013

This study examines the monetary model of exchange rate in Nigeria, using an Autoregressive Distributed Lag (ARDL … the monetary model of exchange rate for Nigeria. That is, the estimated coefficients of the money supply, income and … exists a significant and stable monetary model of exchange rate determination for Nigeria. Therefore, this study recommends …

Persistent link: https://www.econbiz.de/10011113496

Labor Markets, Unemployment and Optimal Inflation

Kumar, Alok - Department of Economics, University of Victoria - 2013

search-theoretic monetary model with imperfect labor markets. It studies the issue of the optimal inflation rate and the …

Persistent link: https://www.econbiz.de/10010898274

Monetary Transaction Costs and the Term Premium

Espinoza, Raphael A.; Tsomocos, Dimitrios P. - International Monetary Fund (IMF) - 2013

We show that, in a monetary equilibrium, trade and asset prices depend on both the supply of the liquidity by the Central Bank and the liquidity of assets and commodities. As a result, monetary aggregates are informative for the conduct of monetary policy. We also show asset prices are higher in...

Persistent link: https://www.econbiz.de/10010790281

System Priors: Formulating Priors about DSGE Models' Properties

Andrle, Michal; Benes, Jaromir - International Monetary Fund (IMF) - 2013

This paper proposes a novel way of formulating priors for estimating economic models. System priors are priors about the model's features and behavior as a system, such as the sacrifice ratio or the maximum duration of response of inflation to a particular shock, for instance. System priors...

Persistent link: https://www.econbiz.de/10010790311

Exchange Rate Predictability and a Monetary Model with Time-varying Cointegration Coefficients

Park, Cheolbeom; Park, Sookyung - Institute of Economic Research, Korea University - 2013

Many studies have pointed out that the underlying relations and functions for the monetary model (e.g. the PPP relation …¡¯ views or the scapegoat effect in Bacchetta and van Wincoop (2009). Facing this, we consider a monetary model with time … monetary model with constant cointegration coefficients but find favorable evidence for the time-varying cointegration …

Persistent link: https://www.econbiz.de/10010856715

ИНСТИТУЦИОНАЛЬНЫЙ ПОДХОД К МАКРОЭКОНОМИЧЕСКОМУ АНАЛИЗУ

ЛЕОНИДОВНА, КАВИЦКАЯ ИРИНА - In: Journal of Institutional Studies (Журнал … 5 (2013) 3, pp. 78-88

Современный финансовый кризис заставил исследователей искать новые пути объяснения макроэкономических явлений. В частности, это привело к появлению течения,...

Persistent link: https://www.econbiz.de/10011228431

The Impact of Macro News and Central Bank Communication on Emerging European Forex Markets

Egert, Balazs; Kocenda, Evžen - CESifo - 2013

equilibrium exchange rate based on a monetary model. Second, we employ a high-frequency GARCH model to estimate the effects of the …

Persistent link: https://www.econbiz.de/10010668471

Turkey: Selected Issues Paper

International Monetary Fund (IMF); International … - 2013

This Selected Issues paper analyzes the capital flows in Turkey. The empirical analysis in this paper uses exchange market pressure index to identify the determinants of capital flows to Turkey. It is observed that exchange market pressures in Turkey seem to a degree, larger than in other...

Persistent link: https://www.econbiz.de/10011244019

The impact of macro news and central bank communication on emerging European forex markets

Égert, Balázs; Kočenda, Evžen - 2013

equilibrium exchange rate based on a monetary model. Second, we employ a high-frequency GARCH model to estimate the effects of the …

Persistent link: https://www.econbiz.de/10009764449

Labor markets, unemployment and optimal inflation

Kumar, Alok - 2013

Persistent link: https://www.econbiz.de/10011280345