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Measuring Macroeconomic Uncertainty in Zimbabwe

Bonga, Wellington Garikai - 2019

What matters to economic decision-making is whether the economy has become more or less predictable. People and businesses use information around them to form judgements about what might happen in the future. The rise in uncertainty might be associated with increased concern about extreme...

Persistent link: https://www.econbiz.de/10012866688

Monetary Policy and Inequality in Mexico

Villarreal, Francisco G. - Volkswirtschaftliche Fakultät, … - 2014

Despite growing interest regarding the distributive impact of macroeconomic policies, the relationship between monetary policy and inequality has received relatively little attention in the literature. This is partly explained by the fact that the workhorse model used for monetary policy...

Persistent link: https://www.econbiz.de/10011110524

Monetary Policy Shocks in a Small Open Economy: Assessing the 'Puzzles' of Monetary Policy by SVAR

Ajluni, Jarir - Volkswirtschaftliche Fakultät, … - 2005

The paper examines the effects of monetary policy shocks and its puzzles on a small open economy using quarterly Korean data by applying a theoretically motivated Structural VAR, with the objective of introducing empirical evidence that investigates the magnitude and persistence of monetary...

Persistent link: https://www.econbiz.de/10008595612

The effects of capital market openness on exchange rate pass-through and welfare in an inflation targeting small open economy

Mukherjee, Sanchita - Volkswirtschaftliche Fakultät, … - 2011

This paper analyzes the impact of capital market openness on exchange rate pass-through and subsequently on the social loss in an inflation targeting small open economy under a pure commitment policy. Applying the intuition behind the macroeconomic trilemma, I examine whether a more open capital...

Persistent link: https://www.econbiz.de/10009004851

Does the ECB Care about Shifts in Investors’ Risk Appetite?

Papadamou, Stephanos; Siriopoulos, Costas - Volkswirtschaftliche Fakultät, … - 2008

A key problem facing monetary policy makers is determining whether serious financial instability is present. Periods of financial instability are linked with low investors’ risk appetite (or in other words high risk aversion). Two different measures of investors’ risk aversion are used: (a)...

Persistent link: https://www.econbiz.de/10008680305

A win-win monetary policy in Canada

Kitov, Oleg; Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2011

unemployment to the change in the level of labour force in Canada. Inherently, our model belongs to the class of Phillips curve … uncorrelated noise and systematic errors. Our previous model of inflation and unemployment in Canada is enhanced by the … price inflation accompanied by a substantial fall in the rate of unemployment. Therefore, the new monetary policy in Canada …

Persistent link: https://www.econbiz.de/10008927057

Home Production and Small Open Economy Business Cycles

Chen, Kuan-Jen; Chu, Angus C.; Lai, Ching-Chong - Volkswirtschaftliche Fakultät, … - 2014

This paper incorporates home production into a real business cycle (RBC) model of a small open economy to provide a parsimonious explanation of the empirical pattern of international business cycles in developed economies and emerging markets. It is well known in the literature that in order for...

Persistent link: https://www.econbiz.de/10011108071

Growth Forecasts for Foreign Exchange Constrained Economies

Worrell, DeLisle; Lowe, Shane; Naitram, Simon - Volkswirtschaftliche Fakultät, … - 2012

Insufficiency of foreign exchange may at times constrain the growth of small open economies which lack the domestic resources to produce import substitutes for their consumption, investment and input needs. This study explores the foreign exchange constraint in three small open Caribbean...

Persistent link: https://www.econbiz.de/10011258222

The equity premium in a small open economy, and an application to Israel

Borenstein, Eliezer; Elkayam, David - Volkswirtschaftliche Fakultät, … - 2013

In this paper we attempt to reproduce both the business cycle facts and the equity premium of the Israeli economy—an economy which is "typical" in the sense that investment is much more volatile than output (and consumption). We show that GHH preferences, which are quite common in RBC models...

Persistent link: https://www.econbiz.de/10011258537

Structural changes in the Maltese cconomy

Grech, Aaron George - Volkswirtschaftliche Fakultät, … - 2015

Since the global recession that took hold around the first decade of this century, Malta registered a more favourable economic performance than most of the other euro area states. It is difficult to reconcile Malta’s relatively high rate of economic growth with the openness of a small economy...

Persistent link: https://www.econbiz.de/10011258649