In this paper, we investigate the monetary transmission mechanism through interest rate and real effective exchange rate channels, for five South-Eastern European countries, namely Bulgaria, Croatia, Greece, Romania and Turkey. Recent unit root and cointegration techniques in the presence of...

In the present paper we assess the impact of the Eurozone’s economic policies on specific South-Eastern European countries, namely Bulgaria, Croatia, Cyprus, Greece, Romania, Slovenia and Turkey. Since these countries are connected to the EU or the Eurozone and economic interdependence among...

Ein Beitrag zu "Das Vorhandensein einer Geldnachfragefunktion aufweltweiter Ebene unter festen und flexiblen Wechselkursen: Vorläufige Ergebnisse" Dieser Beitrag legt klar, daß die von Frowen und Kouris vorgelegten ' empirischen Untersuchungen entgegen ihrer Behauptung nicht jene Ergebnisse...

Eine wirtschaftspolitische Analyse der Inflation Die immer stärker werdende Akzeptierung der Behauptung, daß "money matters" und daß daher die Steuerung des Geldmengenwachstums notwendig sei, obwohl sie allein zur Kontrolle der Inflationsrate nicht ausreicht, ging mit einem immer stärker...

Data from a unique monetary 'experiment' conducted in the UK during the period 1994-97 are used to investigate the cost of political intervention in monetary policy. The paper finds that the difference between government bond yields in Germany (but not the US) and the UK was systematically...

We solve the dynamics of large spherical Minority Games (MG) in the presence of non-negligible time dependent external contributions to the overall market bid. The latter represent the actions of market regulators, or other major natural or political events that impact on the market. In contrast...

This report presents a user's manual and a programmer's guide for the computer program MEDUSA. The program is capable of simulating the impacts of several vehicles. It assumes that the collision are elastic, and is consequently applicable for low relative velocity impacts. A theoretical...