Financial Development and Economic Growth in Malaysia: The Stock Market Perspective [PDF]
Understanding the causal relationship between financial development and economic growth is important in enhancing the economy of a nation. Using the autoregressive distributed lag (ARDL) bounds test approach, this study finds that stock market ...
Chee Keong Choong +3 more
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Explosive Roots in Level Vector Autoregressive Models [PDF]
Level vector autoregressive (VAR) models are used extensively in empirical macroeconomic research. However, estimated level VAR models may contain explosive roots, which is at odds with the widespread consensus among macroeconomists that roots are at ...
Hammad Qureshi
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Forecasting Euro Area Aggregates with Bayesian VAR and VECM Models [PDF]
This paper focuses on Bayesian Vector Auto-Regressive (BVAR) models for the euro area. A modified hyperparameterization scheme based on the Minnesota prior that takes into account the economic nature of the variables in the model is used.
Luís Catela Nunes +1 more
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Refractive effects in the scattering of loosely bound nuclei [PDF]
, 2004 A study of the interaction of loosely bound nuclei 6,7Li at 9 and 19 AMeV with light targets has been undertaken. With the determination of unambiguous optical potentials in mind, elastic data for four projectile-target combinations and one neutron ...
Carl A. Gagliardi +6 more
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The Adjustment of Prices and the Adjustment of the Exchange Rate [PDF]
The purchasing power parity puzzle relates to the adjustment of real exchange rates. Real exchange rates are extremely volatile, suggesting that temporary shocks emanate from the monetary sector.
Charles Engel, James Morley
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Demand for imports in Venezuela : a structural time series approach [PDF]
Using structural time series models, Cuevas estimates common stochastic trends of real GDP and imports in Venezuela from 1974-2000. The real imports trend drifts upward at almost twice the rate of growth of GDP.
Cuevas, Mario A.
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Credit spreads: theory and evidence about the information content of stocks, bonds and cdss [PDF]
, 2006 This paper presents a procedure for computing homogeneous measures of credit risk from stocks, bonds and CDSs. The measures are based on bond spreads (BS), CDS spreads (CDS) and implied stock market credit spreads (ICS).
Forte, Santiago +1 more
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OIL AND GAS MARKETS IN THE UK: EVIDENCE FOR FROM A COINTEGRATING APPROACH [PDF]
The paper examines the relationship between UK wholesale gas prices and the Brent oil price over the period 1996-2003. Tests for Unit Roots and Cointegration are carried out and it is discovered that a long run equilibrium relationship between UK gas and
Emilie Rutledge, Theodore Panagiotidis
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Structural vector autoregressive models and monetary policy analysis [PDF]
, 2002 In this paper, the structural vector autoregressive (SVAR) model is used to analyze short-run and contemporaneous relationships between monetary aggregates and other macroeconomic variables.
Holtemöller, Oliver
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On the relationship between oil market and European stock returns. [PDF]
Environ Sci Pollut Res Int, 2023 Magazzino C, Shahbaz M, Adamo M.
europepmc +1 more source