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Author: Christian Conrad Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We use parametric models of long memory in both the conditional mean and the conditional variance of inflation and monthly data in the USA, Japan and the UK for the period 1962-2001 to examine the relationship between inflation and inflation-uncertainty. In all countries, inflation significantly raises inflation-uncertainty as predicted by Friedman. Increased nominal uncertainty affects inflation in Japan and the UK but not in the same manner. The results from Japan support the Cukierman-Meltzer hypothesis. In the UK uncertainty surrounding the future inflation appears to have a mixed impact on inflation.
Author: Christian Conrad Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
We use parametric models of long memory in both the conditional mean and the conditional variance of inflation and monthly data in the USA, Japan and the UK for the period 1962-2001 to examine the relationship between inflation and inflation-uncertainty. In all countries, inflation significantly raises inflation-uncertainty as predicted by Friedman. Increased nominal uncertainty affects inflation in Japan and the UK but not in the same manner. The results from Japan support the Cukierman-Meltzer hypothesis. In the UK uncertainty surrounding the future inflation appears to have a mixed impact on inflation.
Author: Akhand Akhtar Hossain Publisher: Routledge ISBN: 1136307257 Category : Business & Economics Languages : en Pages : 434
Book Description
Following the acquisition of its sovereignty from the Netherlands in 1949, Indonesia experienced serious economic and political problems during the 1950s and 1960s, before entering a three-decade-long period of rapid economic growth. Hard-hit by the financial crisis of the late 1990s, Indonesia undertook a wide range of economic and financial reforms. These reforms served to prepare it well for the 2007-08 global financial crisis, through which Indonesia passed relatively unscathed. Drawing on empirical research, this book presents a comprehensive empirical study on the key macroeconomic relations and monetary policy issues in Indonesia. The book analyses monetary, fiscal and exchange-rate policies, looking at their interactions and impacts on the economy. It demonstrates how important macroeconomic management for monetary and financial stability is to sustained national economic growth and development. Data from the 1970s is compared and contrasted with 1950s data to analyse macroeconomic policies and issues in an historical context. Statistical and econometric techniques are juxtaposed with general empirical results to supplement informative discussion of macroeconomic and monetary developments. This book is a useful contribution to studies on macroeconomics and international development, as well as Southeast Asian studies.
Author: Laurent Ferrara Publisher: Springer ISBN: 3319790757 Category : Business & Economics Languages : en Pages : 300
Book Description
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Author: Peijie Wang Publisher: Routledge ISBN: 1134091451 Category : Business & Economics Languages : en Pages : 337
Book Description
This book provides an essential toolkit for all students wishing to know more about the modelling and analysis of financial data. Applications of econometric techniques are becoming increasingly common in the world of finance and this second edition of an established text covers the following key themes:- unit roots, cointegration and other develop
Author: Publisher: ScholarlyEditions ISBN: 1490110607 Category : Political Science Languages : en Pages : 817
Book Description
Issues in Political Systems Research / 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Nations and Nationalism. The editors have built Issues in Political Systems Research: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Nations and Nationalism in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Political Systems Research: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
Author: Julien Chevallier Publisher: Routledge ISBN: 1351669206 Category : Business & Economics Languages : en Pages : 381
Book Description
This book provides an up-to-date series of advanced chapters on applied financial econometric techniques pertaining the various fields of commodities finance, mathematics & stochastics, international macroeconomics and financial econometrics. International Financial Markets: Volume I provides a key repository on the current state of knowledge, the latest debates and recent literature on international financial markets. Against the background of the "financialization of commodities" since the 2008 sub-primes crisis, section one contains recent contributions on commodity and financial markets, pushing the frontiers of applied econometrics techniques. The second section is devoted to exchange rate and current account dynamics in an environment characterized by large global imbalances. Part three examines the latest research in the field of meta-analysis in economics and finance. This book will be useful to students and researchers in applied econometrics; academics and students seeking convenient access to an unfamiliar area. It will also be of great interest established researchers seeking a single repository on the current state of knowledge, current debates and relevant literature.
Author: Mr.Fei Han Publisher: International Monetary Fund ISBN: 1498301142 Category : Social Science Languages : en Pages : 31
Book Description
Japan’s aging and shrinking population could lower the natural rate of interest and, together with low inflation expectations, challenge the Bank of Japan’s efforts to reflate the economy. This paper uses a semi-structural model to estimate the impact of demographics on the natural rate in Japan. We find that demographic change has a significantly negative impact on the natural rate by lowering trend potential growth. We also find that the negative impact has been increasing over time amid stronger demographic headwinds. These findings highlight the importance of boosting potential growth to offset the negative demographic impact and lift the natural rate in Japan.
Author: Christian Conrad
Author: Christian Conrad
Author: Akhand Akhtar Hossain
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Author: Laurent Ferrara
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Author: 
Author: Peijie Wang
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Author: Julien Chevallier
Author: Mr.Fei Han