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Author : Erik Mellander
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (186 download)
Download or read book Stochastic Trends and Economic Fluctuations in Small Open Economies written by Erik Mellander and published by . This book was released on 1990 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephen B. DeLoach
Publisher :
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.3/5 (129 download)
Download or read book Stochastic Trends and Economic Fluctuations in a Large Open Economy written by Stephen B. DeLoach and published by . This book was released on 1993 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert Graham King
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (318 download)
Download or read book Stochastic Trends and Economic Fluctuations written by Robert Graham King and published by . This book was released on 1991 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stochastic Trends and Economic Fluctuations written by and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philip Hans Franses
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.3/5 (91 download)
Download or read book Periodicity and Stochastic Trends in Economic Time Series written by Philip Hans Franses and published by Oxford University Press, USA. This book was released on 1996 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a self-contained account of periodic models for seasonally observed economic time series with stochastic trends. Two key concepts are periodic integration and periodic cointegration. Periodic integration implies that a seasonally varying differencing filter is required to remove a stochastic trend. Periodic cointegration amounts to allowing cointegration paort-term adjustment parameters to vary with the season. The emphasis is on useful econrameters and shometric models that explicitly describe seasonal variation and can reasonably be interpreted in terms of economic behaviour. The analysis considers econometric theory, Monte Carlo simulation, and forecasting, and it is illustrated with numerous empirical time series. A key feature of the proposed models is that changing seasonal fluctuations depend on the trend and business cycle fluctuations. In the case of such dependence, it is shown that seasonal adjustment leads to inappropriate results.
Author : Enrique G. Mendoza
Publisher :
ISBN 13 :
Total Pages : 82 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Terms of Trade and Economic Fluctuations written by Enrique G. Mendoza and published by . This book was released on 1992 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Karl Whelan
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book New Evidence on Balanced Growth, Stochastic Trends, and Economic Fluctuations written by Karl Whelan and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The one-sector Solow-Ramsey growth model informs how most modern researchers characterize macroeconomic trends and cycles, and evidence supporting the model's balanced growth predictions is often cited. This paper shows, however, that the inclusion of recent data leads to the balanced growth predictions being rejected. An alternative balanced growth hypothesis - that the ratio of nominal consumption to nominal investment is stationary - is put forward, and new measures of the stochastic trends and cycles in aggregate US data are derived based on this hypothesis. The contrasting behavior of real and nominal ratios is consistent with a two-sector model of economic growth, with separate production technologies for consumption and investment and two stochastic trends underlying the long-run behavior of all macroeconomic series. Empirical estimates of these stochastic trends are presented based on a structural VAR and the role played in the business cycle by shocks to these trends is discussed.
Download or read book Common Stochastic Trends, Common Cycles, and Asymmetry in Economic Fluctuations written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Federal Reserve Board presents the full text of an article entitled "Common Stochastic Trends, Common Cycles, and Asymmetry in Economic Fluctuations," by Chang-Jin Kim and Jeremy Piger. The article discusses the nature of business cycle asymmetry using a dynamic factor model of output, investment, and consumption.
Author : Alexander E. Kobler
Publisher : Peter Lang Publishing
ISBN 13 :
Total Pages : 204 pages
Book Rating : 4.3/5 ( download)
Download or read book Sources and Dynamics of Macroeconomic Fluctuations in Switzerland written by Alexander E. Kobler and published by Peter Lang Publishing. This book was released on 2000 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Chang-Jin Kim
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (485 download)
Download or read book Common Stochastic Trends, Common Cycles, and Asymmetry in Economic Fluctuations written by Chang-Jin Kim and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hilde Christiane Bjørnland
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (314 download)
Download or read book Economic Fluctuations in a Small Open Economy written by Hilde Christiane Bjørnland and published by . This book was released on 1998 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pablo A. Guerron-Quintana
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.:/5 (5 download)
Download or read book Common Factors in Small Open Economies written by Pablo A. Guerron-Quintana and published by . This book was released on 2010 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inference about common international stochastic trends and interest rates is gained using a small open economy model, data from seven developed countries, and Bayesian methods. Shocks to these common factors explain up to 17% of the variability of output in several economies. Country-specific preference and premium disturbances account for the bulk of the volatility observed in the data. There is substantial heterogeneity in the estimated structural parameters as well as stochastic processes for the countries in the sample. This diversity translates in to a rich array of impulse responses across countries. According to the model, the recent low international interest rates might have initially deepened the decline of GDP in several developed economies.
Author : Francis Yao Kumah
Publisher :
ISBN 13 : 9789056680244
Total Pages : 207 pages
Book Rating : 4.6/5 (82 download)
Download or read book Common Stochastic Trends and Policy Shocks in the Open Economy written by Francis Yao Kumah and published by . This book was released on 1997 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mark Aguiar
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (318 download)
Download or read book Emerging Market Business Cycles written by Mark Aguiar and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores "whether a standard real business cycle model can qualitatively and quantitatively explain business cycle features of both emerging and developed small open economies." - introduction.
Author : Pablo Guerron-Quintana
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (864 download)
Download or read book Common and Idiosyncratic Disturbances in Developed Small Open Economies written by Pablo Guerron-Quintana and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using an estimated dynamic stochastic general equilibrium model, I show that shocks to a common international stochastic trend explain on average about 10% of the variability of output in several small developed economies. These shocks explain roughly twice as much of the volatility of consumption growth as the volatility of output growth. Country-speci c disturbances account for the bulk of the volatility in the data. Substantial heterogeneity in the estimated parameters and stochastic processes translates into a rich array of impulse responses across countries.
Author : Stephen J. Turnovsky
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (129 download)
Download or read book The Impact of Terms of Trade Shocks on a Small Open Economy written by Stephen J. Turnovsky and published by . This book was released on 2010 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of change in the terms of trade on the economic performance of a small economy. Both the effects of unanticipated shocks and changes in the mean and variance of the probability distribution generating these disturbances are discussed. In all cases, the key element determining the response of the economy is the effect on the rate of growth of real wealth, to which all other real quantities are directly tied in equilibrium. Conditions for the Harberger-Laursen-Metzler effect to hold are discussed. The impact of these changes on economic welfare, as measured by expected discounted utility of the representative agent is also addressed.
Author : Patricia Gómez-González
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (858 download)
Download or read book Stochastic Terms of Trade Volatility in Small Open Economies written by Patricia Gómez-González and published by . This book was released on 2013 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
