VAR-ing Monetary Policy in Poland [PDF]
The paper makes an attempt to estimate the effects of monetary policy shocks on the economy. We estimate four variables VAR system with industrial production, CPI, money market rate and exchange rate. Two policy indicators: money market interest rate and
Wojciech Maliszewski
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Monetary Factors and Inflation in Japan [PDF]
Recently, the Bank of Japan outlined a two perspectives approach to the conduct of monetary policy that focuses on risks to price stability over different time horizons.
Katrin Assenmacher-Wesche +2 more
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Exact prediction of inflation and unemployment in Japan [PDF]
Past and future evolution of inflation, p(t), and unemployment, UE(t), in Japan is modeled. Both variables are represented as linear functions of the change rate of labor force level.
Kitov, Ivan
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The Inverse Relation between Saving and Aid: An Alternative Explanation [PDF]
A persuasive theoretical justification for extending foreign assistance to developing countries was provided by the now famous ¡®two gap¡¯ theory. It proclaimed that these countries might not in general be able to achieve a target rate of growth because ...
A. Weliwita, M.A. Taslim
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Modelling bank lending in the euro area: A non-linear approach [PDF]
This paper investigates possible non-linearities in the response of bank lending to monetary policy shocks in the euro area. The credit market is modelled over the period 1985-2005 by means of an Asymmetric Vector Error Correction Model (AVECM) involving
Carlotta Rossi, Leonardo Gambacorta
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The sovereign money initiative in Switzerland: an economic assessment. [PDF]
Swiss J Econ Stat, 2018 Bacchetta P.
europepmc +1 more source
Narrow Money and the Business Cycle: Theoretical aspects and euro area evdence [PDF]
This paper analyses the information content of M1 for euro area real GDP since the beginning of the 1980s. After a literature review on the empirical results in individual euro area countries we review some theoretical arguments why real narrow money ...
Claus Brand +2 more
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Global Shocks and the Japanese Economy:Structural Changes in the 1990s [PDF]
This paper analyzes how those global shocks as foreign business cycles and exchange rate realignments affect the Japanese economy and whether there are structural changes in the transmission mechanism of these shocks in the recent period by using a VAR ...
Akira Kohsaka, Jun-ichi Shinkai
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Towards the estimation of equilibrium exchange rates for CEE acceding countries: methodological issues and a panel cointegration perspective [PDF]
This paper provides a discussion of methodological issues relating to the estimation of the long-run relationship between exchange rates and fundamentals for Central and Eastern European acceding countries, focusing on the so-called behavioural ...
Maeso-Fernandez, Francisco +2 more
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Trade Liberalisation, Financial Development and Economic Growth [PDF]
This paper empirically investigates the impact of trade and financial liberalisation on economic growth in Pakistan using annual observations over the period 1961-2005.
Abdul Qayyum, Muhammad Arshad Khan
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