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Shibayama, Katsuyuki - 2008

.S. (i.e., forward-looking monetary policy), but not in Japan. The central banks in both countries react sharply to demand …

Persistent link: https://www.econbiz.de/10010277802

Money, prices and liquidity effects: Separating demand from supply

Chadha, Jagjit S.; Corrado, Luisa; Sun, Qi - 2008

information for future output and inflation because of its impact on financial spreads. And so we decompose broad money into …

Persistent link: https://www.econbiz.de/10010277853

Productivity, preferences and UIP deviations in an open economy business cycle model

Bhattacharjee, Arnab; Chadha, Jagjit S.; Sun, Qi - 2008

We show that a flex-price two-sector open economy DSGE model can explain the poor degree of international risk sharing and exchange rate disconnect. We use a suite of model evaluation measures and examine the role of (i) traded and non-traded sectors; (ii) financial market incompleteness; (iii)...

Persistent link: https://www.econbiz.de/10010277860

Testing the Balassa-Samuelson effect: Implications for growth and PPP

Faria, João Ricardo; León-Ledesma, Miguel - 2000

Persistent link: https://www.econbiz.de/10010290668

Credit supply and output volatility

Cantore, Cristiano; Satchi, Mathan - 2009

The link between aggregate profits and investment has been widely analysed through the impact of profits on net worth and therefore the firm's ability to borrow, in the presence of credit market imperfections. How the business cycle is affected if profits also affect investment through an impact...

Persistent link: https://www.econbiz.de/10010277796

The role of education in self-employment success

Kangasharju, Aki; Pekkala, Sari - 2001

This paper analyses the effect of the education of the self-employed on the success of their firms during economic downturn and upturn in the 1990s in Finland. We find that the business cycle affects the relative closure rates of firms run by the self-employed with any level of education. Exit...

Persistent link: https://www.econbiz.de/10010290627

Inventory cycles

Shibayama, Katsuyuki - 2008

This paper investigates a rational dynamic stochastic general equilibrium model with a stockout constraint and a production chain. Our model shows that both stockout avoidance and cost shock mechanisms replicate stylised inventory facts

Persistent link: https://www.econbiz.de/10010290633

Testing for granger (non-) causality in a time varying coefficient VAR model

Christopoulos, Dimitris K.; León-Ledesma, Miguel - 2008

In this paper we propose Granger (non-)causality tests based on a VAR model allowing for time-varying coefficients. The functional form of the time-varying coefficients is a Logistic Smooth Transition Autoregressive (LSTAR) model using time as the transition variable. The model allows for...

Persistent link: https://www.econbiz.de/10010290678

The Relation Between Money, Income and Prices in South Africa

Nell, Kevin S. - 1999

The main purpose of this paper is to determine whether inflation in South Africa has been caused by excessive monetary … inflation as the relevant inflation variable, given that the M3 money demand function is deflated by consumer price inflation … endogenous to consumer price inflation and broad measures of inflation. The most important policy implication of an endogenously …

Persistent link: https://www.econbiz.de/10010443326

The UK wage curve: New evidence from the British household panel survey

Collier, Bill - 2000

Persistent link: https://www.econbiz.de/10010290685