Search Results - subject:"macro models"

Fair, Ray C. - In: Journal of Macroeconomics 34 (2012) 1, pp. 2-10

There have been a number of recent papers arguing that there has been considerable convergence in macro research and to the good. This paper considers the question whether what has been converged to is good. Has progress been made in understanding how the macro economy works?

Persistent link: https://www.econbiz.de/10010574741

Fiscal Consolidation: Part 2. Fiscal Multipliers and Fiscal Consolidations

Barrell, Ray; Holland, Dawn; Hurst, Ian - Economics Department, Organisation de Coopération et … - 2012

This paper looks at various aspects of fiscal consolidation in 18 OECD economies. The prospects for fiscal consolidation depend upon the problems the country may face with its debt stock, the political will to deal with these problems and on the costs of consolidation. The analysis is based on a...

Persistent link: https://www.econbiz.de/10009650715

Has macro progressed?

Fair, Ray C. - In: Journal of macroeconomics 34 (2012) 1, pp. 2-10

Persistent link: https://www.econbiz.de/10009624482

Monetary policy and the disinflation on the way to the euro in Slovenia

Kozamernik, Damjan; Zumer, Tina - In: International Journal of Monetary Economics and Finance 4 (2011) 1, pp. 21-48

To cope with the inflation increase to almost 10%, coupled with a weakened external position, in 1999 the Bank of Slovenia (BoS) implemented inflation targeting within a managed float regime. On the basis of the estimated macroeconomic transmission, we argue in favour of using an interest rate...

Persistent link: https://www.econbiz.de/10009352496

Business Cycle Volatility and Globalization: A Survey

Buch, Claudia M. - 2002

The globalization of capital and product markets has many implications for economic welfare. Countries can specialize in the production of goods for which they have comparative advantages, and capital is allocated more efficiently. However, one potentially adverse effect of globalization is the...

Persistent link: https://www.econbiz.de/10010260496

Consumer preferences and the reliability of Euler equation tests of capital mobility: some simulation-based evidence

Pierdzioch, Christian; Doepke, Joerg; Buch, Claudia M. - 2002

The globalization of international financial markets has renewed interest in the measurement of capital mobility. Consumption-based tests such as the Euler equation test are commonly used. These tests, however, are derived under restrictive assumptions on consumer behavior. In this paper, we ask...

Persistent link: https://www.econbiz.de/10010260543

Monetary Policy Transmission, Interest Rate Rules and Inflation Targeting in Three Transition Countries

Golinelli, Roberto; Rovelli, Riccardo - 2002

In 1991, the rate of inflation in the Czech Republic, Hungary and Poland was between 35% and 70%. At the end of 2001, it is below 8%. We setup a small structural macro model of these economies to explain the process of disinflation. Contrary to a widespread skepticism, which permeated a large...

Persistent link: https://www.econbiz.de/10010262879

Monetary Policy Transmission, Interest Rate Rules and Inflation Targeting in Three Transition Countries

Golinelli, Roberto; Rovelli, Riccardo - Ezoneplus - 2002

targeting, Transition economies, Small open-economy macro models. Corresponding authors: Roberto Golinelli … rules, Inflation targeting, Transition economies, Small open-economy macro models … the Czech Republic and Poland. 8 paper, we shall propose and evaluate three parallel small macro models of the …

Persistent link: https://www.econbiz.de/10005543408

Business cycle volatility and globalization : a survey

Buch, Claudia M. - 2002

Persistent link: https://www.econbiz.de/10011474806

Consumer preferences and the reliability of Euler equation tests of capital mobility : some simulation-based evidence

Buch, Claudia M.; Döpke, Jörg; Pierdzioch, Christian - 2002

Persistent link: https://www.econbiz.de/10011475881