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As is considered in this paper,none of the ever existing long wave theories can totally describe or correctly explain the chronic fluctuating characters of the capitalist world economy system since the year 1857. Based on Karl Marx’s greatest work “Capital” and combined with considerable...
Persistent link: https://www.econbiz.de/10015220669
that the inflation dynamics during this time matched with from commodities price shock, instead of domestic demand shock …
Persistent link: https://www.econbiz.de/10012913858
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parametric model to predict the risk premia, the external policies and the real-time changes of the economy not only will lead to … the time-varying parameters, but also bring about the changing of the explanatory variables in the model. The high … structural changes of the variables and select the best explanatory variables in time. The results show that this method provides …
Persistent link: https://www.econbiz.de/10013231839
discussed the interaction between stock market and economy. The financial sector plays an important role to affect the time path … share price overshooting or not it depends on the length of time between announcement and implement of policies. …
Persistent link: https://www.econbiz.de/10015227041
This paper empirically analyze the nonlinear relation between real output per capital and public debt by employing threshold cointegration method based on ARDL model. Empirical results show that there exists a threshold cointegration relationship between government debt and real output per...
Persistent link: https://www.econbiz.de/10015252732
This paper investigates whether distributional effect arising from the impact of monetary policy on bank credits will be different when monetary policy is asymmetric. Methodologically, we use a set of high frequency panel data for Taiwan commercial banks and adopt Arellano and Bond's (1991)...
Persistent link: https://www.econbiz.de/10008492961
The English version of this paper can be found at 'http://ssrn.com/abstract=2949307' http://ssrn.com/abstract=2949307.Chinese Abstract:...
Persistent link: https://www.econbiz.de/10012959018
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