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Regionalism in West Africa : Do Polar Countries Reap the Benefits? A Role for Migration

Konseiga, Adama - 2021

In the present globalization era an increasing attention is paid to the ambiguous relationship between international migration, brain drain, and economic growth, but few papers analyzed the growth impact of skilled migration. The paper filled the research gap by building the first dataset on...

Persistent link: https://www.econbiz.de/10013318658

The Time-Varying Evolution of Inflation Risks

Korobilis, Dimitris; Landau, Bettina; Musso, Alberto; … - 2021

This paper develops a Bayesian quantile regression model with time-varying parameters (TVPs) for forecasting inflation … inflation with the ability of quantile regression to model flexibly the whole distribution of inflation. In order to make our …-based indicators for the prediction of the conditional distribution of inflation in the euro area, both in the short and longer run …

Persistent link: https://www.econbiz.de/10013324581

The time-varying evolution of inflation risks

Korobilis, Dimitris; Landau, Bettina; Musso, Alberto; … - 2021

This paper develops a Bayesian quantile regression model with time-varying parameters (TVPs) for forecasting in ation risks. The proposed parametric methodology bridges the empirically established benefits of TVP regressions for forecasting in ation with the ability of quantile regression to...

Persistent link: https://www.econbiz.de/10012643282

Forecasting Volatility in Developing Countries' Nominal Exchange Returns

Antonakakis, Nikolaos - 2014

This article identifies the best models for forecasting the volatility of daily exchange returns of developing countries. An emerging consensus in the recent literature focusing on industrialized countries has noted the superior performance of the Fractionally Integrated Generalized...

Persistent link: https://www.econbiz.de/10013058579

Inflation and monetary policy in selected West and Central African countries

Savvides, Andreas - In: World development : the multi-disciplinary … 26 (1998) 5, pp. 809-827

Persistent link: https://www.econbiz.de/10015120626

Still Puzzling : Evaluating the Price Puzzle in an Empirically Identified Structural Vector Autoregression

Demiralp, Selva - 2010

The price puzzle is the association in a structural vector autoregression (SVAR) of a contractionary shock to monetary policy with persistent increases in the price level. Various explanations have been investigated separately in the framework of small SVARs without any common set of variables...

Persistent link: https://www.econbiz.de/10013152728

Monetary Policy Transmission Mechanisms in the Ceecs : How Important are the Differences with the Euro Area?

Creel, Jérôme; Levasseur, Sandrine - 2005

We use a structural VAR model with short-term restrictions to investigate the relative importance of interest rate, exchange rate and credit channels in the monetary policy transmission (MPT) for the Czech Republic, Hungary and Poland over 1993:1-2004:3. Main results are as follows. First, in...

Persistent link: https://www.econbiz.de/10014061827

Nonlinear GARCH Models for Highly Persistent Volatility

Lanne, Markku; Saikkonen, Pentti - 2005

In this paper we study new nonlinear GARCH models mainly designed for time series with highly persistent volatility. For such series, conventional GARCH models have often proved unsatisfactory because they tend to exaggerate volatility persistence and exhibit poor forecasting ability. Our main...

Persistent link: https://www.econbiz.de/10014120167

Testing the Monetary Model for Exchange Rate Determination in South Africa : Evidence from 101 Years of Data

De Bruyn, Riané - 2013

Evidence in favor of the monetary model of exchange rate determination for the South African Rand is, at best, mixed. A co-integrating relationship between the nominal exchange rate and monetary fundamentals forms the basis of the monetary model. With the econometric literature suggesting that...

Persistent link: https://www.econbiz.de/10013083181

Testing the monetary model for exchange rate determination in South Africa : evidence from 101 years of data

De Bruyn, Riané; Gupta, Rangan; Stander, Lardo - In: Contemporary economics 7 (2013) 1, pp. 19-32

Persistent link: https://www.econbiz.de/10009770376