Long Run Relationships between Stock Market Returns and Macroeconomic Performance: Evidence from Turkey [PDF]
The purpose of this study is to investigate whether current economic activities in Turkey have explanatory power over stock returns, or not. The data used in this study are monthly stock price indexes of Istanbul Stock Exchange and a set of macroeconomic
Osman Karamustafa, Yakup Kucukkale
core
ABSTRACT The purpose of this paper is to discuss the micro‐ and macro‐outcomes for the standard neoclassical carbon tax (whose burden falls on the producers) versus the implication of a budget neutral, performance‐based EU Common Agricultural Policy (CAP) focusing on non‐CO2 emission (N2O and CH4, measured in CO2eq) reduction, especially in the ...
John Helming +4 more
wiley +1 more source
Single-equation estimation of the equilibrium real exchange rate [PDF]
Estimating the degree of exchange-rate misalignment remains one of the most challenging empirical problems in an open economy. The basic problem is that the value of the real exchange rate is not observable.
Baffes, John +2 more
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The macroeconomics of subsistence points [PDF]
This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite ...
Ravn, M.O., Schmitt-Rohe, S., Uribe, M.
core +1 more source
A Structural Model of Mortgage Offset Accounts in the Australian Housing Market*
I study a novel institutional feature of Australian housing markets: the widespread use of mortgage offset accounts. These accounts reduce mortgage interest costs and increase mortgage liquidity. I build a heterogeneous agent life‐cycle model of the Australian housing market to study who uses and benefits from these mortgage products.
James Graham
wiley +1 more source
A Regional Economy-Energy-Transport Model of the EU for Assessing Decarbonization in Transport
The EU decarbonization strategy foresees deep cuts in CO2 in the transport sector. Investment in infrastructure, manufacturing of new technology vehicles and production of alternative fuels induce macroeconomic changes in activity and employment for both
Ioannis Charalampidis +2 more
doaj +1 more source
Insights from the Presidential Addresses to the Agricultural Economics Society
ABSTRACT The Society's published presidential addresses have embraced a wide range of subject matter, reflecting a ‘road well travelled’ in agricultural economics. The areas covered include the development and use of data and statistics, lessons from history, sectoral analysis, land economics, international trade and international development.
David Blandford
wiley +1 more source
Is land‐use deregulation enough to deliver housing?: The case of institutional frictions in India
Abstract This paper examines whether land use deregulation increases housing supply in the presence of additional institutional frictions, such as ill‐defined property rights. India's urban land ceiling (ULC) laws, which put limits on individual ownership of private vacant land in the largest cities, were repealed during the 2000s.
Arnab Dutta +2 more
wiley +1 more source
A DSGE Model for the Slovenian Economy: Model Estimates and Application
The paper presents the estimation of a dynamic stochastic general equilibrium (DSGE) model for the Slovenian economy and its applications. The model, which is built in the tradition of New Keynesian models, closely follows the structure of the model ...
Andrej Kuštrin
doaj +1 more source
Interest Rate Control Rules and Macroeconomic Stability in a Heterogeneous Two-Country Model [PDF]
We analyze relations between several types of interest rate control rules and equilibrium determinacy using a two-country model featuring preference and production parameters that may differ between countries, in which two kinds of goods are tradable ...
Fujisaki, Seiya
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