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This paper explores the influences of financial deepening on growth and its volatility. Following a review of the … output growth but that finance has not shown a significant relationship with output volatility. In the Mexican case …, financial deepening has reduced the volatility of growth which, in turn, has induced higher output growth rates. Further, higher …
Persistent link: https://www.econbiz.de/10010675900
This study is undertaken to determine the relative impacts of the uncertainty of macroeconomic variables on investment and make policy recommendations that may help dampen their fluctuations. In the study, generalized autoregressive conditional heteroscedasticity (GARCH) model was applied in the...
Persistent link: https://www.econbiz.de/10010676279
lowering its volatility. We also show thatrelatively small increases in the average holdings of reserves by Latin American … volatility. …
Persistent link: https://www.econbiz.de/10010676407
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The capacity of input-output tables to reflect the structural peculiarities of an economy and to forecast, on this basis, its evolution, depends essentially on the characteristics of the matrix A—matrix of I-O (or technical) coefficients. However, the temporal behaviour of these coefficients...
Persistent link: https://www.econbiz.de/10010678167
For the purpose of developing alternative approach for forecasting volatility, we consider heterogeneous VAR (HVAR …
Persistent link: https://www.econbiz.de/10010679173
Although the volatility of house prices is often ascribed to demand-side factors, constraints on housing supply have … important and little-studied implications for housing dynamics. I illustrate the strong relationship between the volatility of … investigate the mechanisms underlying this relationship. I find that supply constraints increase volatility through two channels …
Persistent link: https://www.econbiz.de/10010679174
The use of GARCH models is widely used as an effective method for capturing the volatility clustering inherent in … that the latter method is better if interest centers on volatility and value-at-risk prediction. New volatility measures …
Persistent link: https://www.econbiz.de/10010680450