This article explores the relationships among Libor, gold prices, the exchange rate, oil prices, fed funds futures prices and stock prices at a daily frequency. This article examines whether expected monetary policy, measured by changes in the prices of fed funds futures contracts, reacts to...

This paper investigates the relationship among monetary policy shocks, exchange rates and trade balances in five Inflation Targeting Countries (ITCs). The investigation is based on Structural Vector Error Correction Models (SVECMs) with long run and short run restrictions. The findings reveal...

This paper presents empirical evidence that the neoclassical explanation of real wage has a high explanatory power at macro level. The factor endowments explanation of wage is surprisingly rare in the literature, at least at empirical level. In this paper, using panel data from 26 OECD...

This paper investigates the interactions between changes in stock prices and monetary policy regimes in four emerging Asian countries—Korea, Malaysia, Singapore, and Thailand—using a Markov regime-switching autoregressive conditional heteroskedasticity (MS-ARCH) model. To connect the...

Bu çalışma para politikaları kararlarına ilişkin beklentilerindeki bir değişimin, finansal yatırım araçlarının fiyatları üzerindeki etkisini ve finansal yatırım araçları arasındaki etkileşimi incelemektedir. Çalışma, para politikası beklenti şokları ile finansal...

This paper investigates both the effects of domestic monetary policy and external shocks on fundamental macroeconomic variables in six fast growing emerging economies: Brazil, Russia, India, China, South Africa and Turkey - denoted hereafter as BRICS_T. The authors adopt a structural VAR model...

This article investigates the time series properties of per capita real output for 19 Latin American Countries over the period 1965 to 2004. This empirical study examines the significance of contemporaneous correlations among cross sectional residuals using two newly developed tests. The tests...

In this study we analyze the relationship between monetary policy and the exchange rate using the ITH method. We determine regime changes based on two different methods: First, we allow the data to determine the regime changes and estimate the reaction of monetary policy to different exchange...

In this paper, a human capital model is used to investigate the effects of occupational licensing and occupational certification on the wage rates of individual women. When we analyzed micro data available from the National Longitudinal Surveys of mature and young women, we found that licensed...