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Srovnání otevřenosti trhů Brazílie, Ruska, Indie a Číny a zemí střední a východní Evropy
Bolotov, Ilya; Gajdušková, Kateřina - In: Současná Evropa 2013 (2013) 3, pp. 9-34
cointegration regression model. The article shows that Brazil, Russia, India and China are less open economies with different …
Persistent link: https://www.econbiz.de/10011195458
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Testing for the Fisher hypothesis under regime shifts: an application to Asian countries
Nusair, Salah - In: International Economic Journal 22 (2008) 2, pp. 273-284
1978-2005 using a cointegration procedure developed by Gregory and Hansen (1996) that allows for the presence of a one …
Persistent link: https://www.econbiz.de/10005511687
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A re-evaluation of empirical tests of the Fisher hypothesis
Baum, Christopher; Bekdache, Basma - Department of Economics, Boston College - 2000
This paper shows that the recent literature that tests for a long-run Fisher relationship using cointegration analysis … is seriously flawed. Cointegration analysis assumes that the variables in question are I(1) or I(d) with the same d …
Persistent link: https://www.econbiz.de/10004968859
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A fractional cointegration analysis of Fisher hypothesis: evidence from Turkey
Kiran, Burcu - In: Quality & Quantity: International Journal of Methodology 47 (2013) 2, pp. 1077-1084
cointegration and fractional cointegration approaches. The findings from Engle and Granger cointegration test indicate that … inflation and nominal interest rate series are cointegrated. Since the conventional cointegration tests do not provide strong … evidence on the long run relationship, we also use fractional cointegration definition suggested by Cheung and Lai (J Bus Econ …
Persistent link: https://www.econbiz.de/10010993128
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An analysis of the ex post Fisher hypothesis at short and long term
Bassil, Charbel - In: Economics Bulletin 30 (2010) 3, pp. 2388-2397
This paper tests the Fisher effect. The analysis is applied to the U.S.A. It contributes to the existing empirical literature in three ways. First, it considers a panel of short term and long term real interest rates between 1960 and 2008. Second, it explores both the presence of unit root and...
Persistent link: https://www.econbiz.de/10008548980
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A re-evaluation of empirical tests of the Fisher hypothesis
Bekdache, Basma; Baum, Christopher F. - Society for Computational Economics - SCE - 1999
This paper shows that the recent literature that tests for a long-run Fisher relationship using cointegration analysis … is seriously flawed. Cointegration analysis assumes that the variables in question are I(1) or I(d) with the same d …
Persistent link: https://www.econbiz.de/10005132854
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Public Debt and Borrowing. Are Governments Disciplined by Financial Markets?
Afflatet, Nicolas - Fächergruppe Volkswirtschaftslehre, Helmut Schmidt … - 2015
With the announcement to intervene on the financial markets in case of need to keep the Eurozone intact, the ECB has attenuated the pressure of the markets on the endangered peripheral countries of the Eurozone. Critics argue that by eliminating the market’s disciplining interest mechanism,...
Persistent link: https://www.econbiz.de/10011118442
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3-Year LTROs – A First Assessment of a Non-Standard Policy Measure
Belke, Ansgar - ROME Network - 2013
This paper provides a first preliminary assessment of the recent two 3-year long-term refinancing operations (3Y LTROs) conducted by the ECB by putting them into a broader context. The perspective taken is that prevailing in the first half of the year 2012, directly after the path-breaking ECB...
Persistent link: https://www.econbiz.de/10010826292
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“Causality and Contagion in EMU Sovereign Debt Markets”
Gómez-Puig, Marta; Sosvilla-Rivero, Simón - Facultat d'Economia i Empresa, Universitat de Barcelona - 2014
This paper contributes to the literature by applying the Grangercausality approach and endogenous breakpoint test to offer an operational definition of contagion to examine European Economic and Monetary Union (EMU) countries public debt behaviour. A database of yields on 10-year government...
Persistent link: https://www.econbiz.de/10010738435
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Hypnosis Before Wake-up Call?! The Revival of Sovereign Credit Risk Perception in the EMU-Crisis
Bordon, Ingo G.; Schmid, Kai D.; Schmidt, Michael - CESifo - 2014
This paper qualifies the view of pronounced overpricing of sovereign bonds for the so-called GIIPS countries during the financial crisis. We use annual data for 21 OECD countries from 1980 to 2012. As opposed to related studies, our data set allows us to contrast the pricing of macroeconomic...
Persistent link: https://www.econbiz.de/10010888450