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A Real Model of Transitional Growth and Competitiveness in China

Lipschitz, Leslie - 2008

direct investment is also substantial. We explain these features in terms of a conventional neoclassical growth model-with no …

Persistent link: https://www.econbiz.de/10012677576

The volatility trap : precautionary saving, investment, and aggregate risk

Cherif, Reda; Hasanov, Fuad - 2012

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a ""store … investment, or a ""volatility trap."" Namely, big savers invest relatively little. In contrast, low volatility of permanent … shocks leads to low precautionary saving and high or low investment, depending on the volatility of temporary shocks …

Persistent link: https://www.econbiz.de/10009615558

Forecasting Inflation in Sudan

Moriyama, Kenji - 2009

This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during the sample period. The Granger causality test suggests...

Persistent link: https://www.econbiz.de/10012677800

Fueling or Following Growth? Causal Effects of Capital Inflows on Recipient Economies

End, Nicolas - 2024

Identifying the causal impact of capital inflows on growth and development has been a perennial challenge. This paper proposes a new way to investigate the effect of capital flows on recipient emerging and developing economies, using shift-share instruments and correcting for indirect flows. It...

Persistent link: https://www.econbiz.de/10015058746

Long-Run and Short-Run Determinants of Sovereign Bond Yields in Advanced Economies.

Poghosyan, Tigran - 2012

We analyze determinants of sovereign bond yields in 22 advanced economies over the 1980-2010 period using panel … cointegration techniques. The application of cointegration methodology allows distinguishing between long-run (debt-to-GDP ratio … -- 3. Panel Unit Root Tests -- 4. Baseline Regressions -- 5. Robustness Checks -- Figures -- 1. Selected Euro area …

Persistent link: https://www.econbiz.de/10012690164

Role of Seasonality and Monetary Policy in Inflation Forecasting.

Kumah, Francis Y. - 2006

Intro -- Contents -- I. INTRODUCTION -- II. INFLATION AND MONETARY POLICY IN THE KYRGYZ REPUBLIC -- III. SEASONAL CHARACTERISTICS OF CONSUMER PRICES -- IV. MODELING AND FORECASTING INFLATION -- V. CONCLUDING REMARKS -- References -- Appendix. Further Empirical Results.

Persistent link: https://www.econbiz.de/10012691121

Broad Money Demand and Asset Substitution in China

Wu, Ge - 2009

Recent changes to China's financial system, in particular ongoing interest rate liberalization, gradual movement toward a more flexible exchange rate regime, and rapid development of capital markets, have changed substantially the environment in which monetary policy operates. In light of these...

Persistent link: https://www.econbiz.de/10012677797

Cointegrated TFP Processes and International Business Cycles

Tuesta, Vicente - 2009

A puzzle in international macroeconomics is that observed real exchange rates are highly volatile. Standard international real business cycle (IRBC) models cannot reproduce this fact. We show that TFP processes for the U.S. and the ""rest of the world,"" is characterized by a vector error...

Persistent link: https://www.econbiz.de/10012677880

Is Housing Wealth an 'ATM'? The Relationship Between Household Wealth, Home Equity Withdrawal, and Saving Rates.

Klyuev, Vladimir - 2006

Intro -- Contents -- I. INTRODUCTION -- II. HAVE SAVING RATES REALLY FALLEN? -- III. LIKELY IMPACT OF FINANCIAL INNOVATION AND LIBERALIZATION ON HOME EQUITY WITHDRAWAL ( HEW) AND SAVING -- IV. TRENDS IN HEWAND HOUSEHOLD SAVING ACROSS COUNTRIES -- V. HOW DOES HEW AFFECT HOUSEHOLD SAVING? -- VI....

Persistent link: https://www.econbiz.de/10012691040

Do Debt-Service Savings and Grants Boost Social Expenditures?.

Thomas, Alun - 2006

Persistent link: https://www.econbiz.de/10012691075