Showing 1 - 10 of 2,181
Expectations are at the centre of modern macroeconomic theory and policymakers. In this paper, we examine the predictive ability and the consistency properties of macroeconomic expectations using data of the European Central Bank (ECB) Survey of Professional Forecasters (SPF)
Persistent link: https://www.econbiz.de/10012961331
Persistent link: https://www.econbiz.de/10012056947
This study seeks to determine the extent to which the former communist states of Central and South-West Asia are "infected" by the Dutch Disease. We take a detailed look at the functioning of the transmission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to real...
Persistent link: https://www.econbiz.de/10009727074
This study aims to investigate Granger causality between renewable energy consumption (REC) and economic growth (EG) for USA. To accomplish this objective and to add the stronger evidence to the controversial issue, the tests were done under a new framework that embeds wavelet analysis, a novel...
Persistent link: https://www.econbiz.de/10012965093
This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting … that countries in exchange rate targeting have a higher rate of GDP growth and lower inflation rate. In order to test the … related to exchange rate targeting, the effects of the introduction of inflation targeting in the unemployment rate were also …
Persistent link: https://www.econbiz.de/10012305750
This study seeks to determine the extent to which the former communist states of Central and South-West Asia are “infected” by the Dutch Disease. We take a detailed look at the functioning of the transmission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to...
Persistent link: https://www.econbiz.de/10013064144
This paper presents evidence on the behavior of output and inflation in the transition economies during 1992–95. A …
Persistent link: https://www.econbiz.de/10013212117
oil prices (exogenous) and a set of endogenous variables, including GDP, M2, and Inflation for the 1970-2013 period, with …
Persistent link: https://www.econbiz.de/10012240085
In this paper, we challenge the traditional assumption of a linear relationship between exchange rate volatility and economic growth in South Africa. By using data collected from 1970 to 2016 applied to a smooth transition regression (STR) model, we are able to prove that the exchange...
Persistent link: https://www.econbiz.de/10011870188
This paper identifies five factors that can capture 95% of the variance across 39 US dollar exchange rates based on the principal component method. A time-varying parameter factor-augmented vector autoregressive (TVP-FAVAR) model is used to analyze the determinants of movements in these exchange...
Persistent link: https://www.econbiz.de/10011992197