Showing 1 - 10 of 23
This article takes a detailed look at the factors influencing New Zealand's current account deficit, and its potential ramifications.
Persistent link: https://www.econbiz.de/10005546851
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Money demand models overpredicted M2 growth in the United States from 1990 to 1993. We examine this overprediction using a model of household demand for liquid wealth. The model is a dynamic generalization of the almost-ideal demand model of Deaton and Muellbauer (1980). We find that the...
Persistent link: https://www.econbiz.de/10005352970
This article sets out the "stylised facts" of the last business cycle - what actually happened to the economy during the course of the cycle, and in what respects this was similar to, and different from previous New Zealand economic cycles and experiences internationally.
Persistent link: https://www.econbiz.de/10005109811
This article reviews the way in which money and credit aggregates are compiled and used in the Reserve Bank.
Persistent link: https://www.econbiz.de/10005110061
This paper recommends redefining M2 by shifting overnight wholesale RPs and overnight Eurodollars from non-M1 M2 to non-M2 M3. The overnight components are quite volatile and difficult to measure accurately. Their movements no longer exhibit the negative correlation with demand deposits that had...
Persistent link: https://www.econbiz.de/10005394112
A longstanding goal of the European Union (EU) is to promote efficient trading between price zones via electricity interconnection to achieve a single electricity market between the EU countries. This paper uses a power system model (PLEXOS-EU) to simulate one vision of the 2030 EU electricity...
Persistent link: https://www.econbiz.de/10011816740
The present work showcases a model for holistic, sustainable healthcare in indigenous communities worldwide through the implementation of traditional healing practices. The implementation of this model promotes public health and community wellness while addressing crucially important themes such...
Persistent link: https://www.econbiz.de/10008756392
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This paper measures credit risk in prime money market funds (MMFs), studies how such credit risk evolved in 2011-2012, and tests the efficacy of the Securities and Exchange Commission’s (SEC) January 2010 reforms. To accomplish this, we estimate the credit default swap premium (CDS) needed to...
Persistent link: https://www.econbiz.de/10011108102