Showing 1 - 10 of 3,186
The paper presents the basic theory and conceptual model for advance-retreat course and provides the analytic model the stochastic advance-retreat course and the solving method of it, discusses the relations between the endogenous resistance and subject interests increase with the periodic...
Persistent link: https://www.econbiz.de/10015269867
The following paper raises the question of monetary policy’s effectiveness in emerging countries during the three phases of global excess liquidity. To answer it, our analysis is divided in two parts. The first one focuses on the concept of global excess liquidity and identifies when it occurs...
Persistent link: https://www.econbiz.de/10015213497
Informed by the recent run of rising and persistent inflation in Nigeria, which puts headline and food inflation at 28.2% and 32.8%, respectively, and its attendant consequences on macroeconomic performance, this study makes a case for inflation targeting as an alternative monetary policy...
Persistent link: https://www.econbiz.de/10015214904
The paper develops a dynamic Input Output - Stock Flow consistent model based on the Supermultiplier approach. This framework integrates the dimension of output determination with the system of relative prices. Through this model, we define the determinants of the public debt-to-GDP ratio and...
Persistent link: https://www.econbiz.de/10015259056
We examine the accuracy of survey-based expectations of the Chilean exchange rate relative to the US dollar. Our out-of-sample analysis reveals that survey-based forecasts outperform the Driftless Random Walk (DRW) in terms of Mean Squared Prediction Error at several forecasting horizons. This...
Persistent link: https://www.econbiz.de/10015262273
The quantity theory of money assumes that money itself is neutral with respect to real output, both in the long and short term. Therefore, this last period should not be affected by changes in money supply. A review of the literature is carried out in order to provide a framework for the...
Persistent link: https://www.econbiz.de/10015262819
The paper empirically examines the predictive factor of the inflation rate observed to be the vector force of macroeconomic growth decline or rise in the Sierra Leone economy. Thereby adopting a statistical tool of an exogenous univariate auto-regression integrated moving average to build a...
Persistent link: https://www.econbiz.de/10015267007
The paper empirically examines the predictive factors of the inflationary rate observed to be the vector force, and a predominant shock of the macro-economy, with an extended impact on the rise and fall of the domestic currency value of the Sierra Leonean economy. The author thereby relied on a...
Persistent link: https://www.econbiz.de/10015268023
This dissertation focuses on forecasting rare macroeconomic events, such as GDP declines and currency crises, using non-parametric methods, highlighting the advantages of the Receiver Operating Characteristic (ROC) curves analysis and the value of qualitative information from expert surveys and...
Persistent link: https://www.econbiz.de/10015270259
The paper develops a dynamic Input Output - Stock Flow consistent model based on the Supermultiplier approach. This framework integrates the dimension of output determination with the system of relative prices. Through this model, we define the determinants of the public debt-to-GDP ratio and...
Persistent link: https://www.econbiz.de/10015255775