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THIRD AFRICA-EU SUMMIT : “INVESTMENT, ECONOMIC GROWTH AND JOB CREATION”

Africa and Europe in Partnership - 2010

Persistent link: https://www.econbiz.de/10010527752

From picking winners to fostering excellence and the growth of firms

Maincent, Emmanuelle; Navarro, Lluis - 2007

stimulating and disciplining environment for large companies while at the same time facilitating the growth of young innovative …

Persistent link: https://www.econbiz.de/10009640166

Oil price shocks and real GDP growth

Jiménez-Rodríguez, Rebeca; Sánchez, Marcelo - 2004

industrialised countries. Multivariate VAR analysis is carried out using both linear and nonlinear models. The latter category … growth of a larger magnitude than that of oil price declines, with the latter being statistically insignificant in most cases … Japan. Moreover, the effect of oil shocks on GDP growth differs between the two oil exporting countries in our sample, with …

Persistent link: https://www.econbiz.de/10009639416

Saudi Aramco and the oil market

Nakov, Anton; Nuño, Galo - 2011

We present a general equilibrium model of the global oil market, in which the oil price, oil production, and consumption, are jointly determined as outcomes of the optimizing decisions of oil importers and oil exporters. On the supply side the oil market is modelled as a dominant firm – Saudi...

Persistent link: https://www.econbiz.de/10009640843

Implementing optimal control in cointegrated I(1) structural VAR models

Monti, Francesca V. - 2003

VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken …

Persistent link: https://www.econbiz.de/10009635883

Identifying fiscal shocks and policy regimes in OECD countries

Arcangelis, Giuseppe de; Lamartina, Serena - 2003

The aim of this paper is twofold. First, for West Germany, France, Italy and US, we econometrically select within a SVAR model some fiscal policy regimes, i.e. a u0094set of rulesu0094 for the implementation of fiscal policies. Second, we identify the fiscal policy shocks related to different...

Persistent link: https://www.econbiz.de/10009635887

Identifying the monetary transmission mechanism using structural breaks

Beyer, Andreas; Farmer, Roger E. A. - 2003

identification method we are able to attribute instability in the parameters of the VAR solely to changes in the parameters of the …

Persistent link: https://www.econbiz.de/10009635894

Macroeconomic modelling of monetary policy

Klaeffling, Matt - 2003

This paper proposes a new paradigm for the analysis of monetary policy. From an econometric point of view this new approach is just as easy to implement as reduced form analysis, but is robust to the Lucas critique. It requires no explicit prior theory and yet it encompasses all standard DSGE...

Persistent link: https://www.econbiz.de/10009635920

Forecasting real GDP

Brand, Claus; Reimers, Hans-Eggert; Seitz, Franz - 2003

VAR models comprising real M1, GDP and other indicators, using as benchmark a simple univariate model. As a result, only …

Persistent link: https://www.econbiz.de/10009635922

Monetary policy analysis in a small open economy using Bayesian cointegrated structural VARs

Villani, Mattias; Warne, Anders - 2003

Structural VARs have been extensively used in empirical macroeconomics during the last two decades, particularly in analyses of monetary policy. Existing Bayesian procedures for structural VARs are at best confined to a severly limited handling of cointegration restrictions. This paper extends...

Persistent link: https://www.econbiz.de/10009636519