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В разделе собрана информация о статьях по экономике, социологии и менеджменту. Во многих случаях приводятся полные тексты статей. (подробнее...)

Economics Letters

Опубликовано на портале: 06-04-2004
Svend Hylleberg, Grayham E. Mizon Economics Letters. 1989.  Vol. 29. No. 3. P. 225-230. 
It is shown that the application of the result that the Dickey-Fuller `T' obtained from a regression with an intercept is asymptotically normal if the DGP is a random walk with drift may be of little use in small samples unless the drift is enormous. In fact the Dickey-Fuller distribution may give a better approximation in many case.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)
Опубликовано на портале: 06-04-2004
Jeffrey M. Wooldridge Economics Letters. 1990.  Vol. 34. No. 2. P. 151-155. 
The asymptotic properties of a regression-based Lagrange multiplier test for omitted variables in the context of two stage least squares is discussed, and an F-statistic for 2SLS regressions is proposed. The choice of instruments under the null and alternative models is explicitly considered, thereby clearing up some unresolved issues in the literature
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)
Опубликовано на портале: 21-06-2006
Turan Erol Economics Letters. 2003.  Vol. 78. No. 1. P. 109-115. 
This paper uses the industry-level data to investigate the effects of corporate debt on output pricing in a typical developing country. The panel estimations on the major two-digit industries reveal two basic findings. First, short-term debt leads to an increase in output prices while long-term debt has the opposite effect. Second, short-term debt but not long-term debt is found to have cyclical effects on prices.
Опубликовано на портале: 07-04-2004
M. Hashem Pesaran, Yongcheol Shin Economics Letters. 1998.  Vol. 58. No. 1. P. 17-29. 
Building on Koop, [Koop et al. (1996) Impulse response analysis in nonlinear multivariate models. Journal of Econometrics 74, 119147] we propose the `generalized' impulse response analysis for unrestricted vector autoregressive (VAR) and cointegrated VAR models. Unlike the traditional impulse response analysis, our approach does not require orthogonalization of shocks and is invariant to the ordering of the variables in the VAR. The approach is also used in the construction of order-invariant forecast error variance decompositions.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)
Опубликовано на портале: 24-06-2004
M. Hashem Pesaran, Yongcheol Shin Economics Letters. 1998.  Vol. 58. No. 1. P. 17-29. 
Building on Koop, [Koop et al. (1996) Impulse response analysis in nonlinear multivariate models. Journal of Econometrics 74, 119–147] we propose the ‘generalized' impulse response analysis for unrestricted vector autoregressive (VAR) and cointegrated VAR models. Unlike the traditional impulse response analysis, our approach does not require orthogonalization of shocks and is invariant to the ordering of the variables in the VAR. The approach is also used in the construction of order-invariant forecast error variance decompositions.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию
Опубликовано на портале: 06-04-2004
M. Hashem Pesaran, Yongcheol Shin Economics Letters. 1998.  Vol. 58. No. 1. P. 17-29. 
Building on Koop, [Koop et al. (1996) Impulse response analysis in nonlinear multivariate models. Journal of Econometrics 74, 119147] we propose the `generalized' impulse response analysis for unrestricted vector autoregressive (VAR) and cointegrated VAR models. Unlike the traditional impulse response analysis, our approach does not require orthogonalization of shocks and is invariant to the ordering of the variables in the VAR. The approach is also used in the construction of order-invariant forecast error variance decompositions.
ресурс содержит гиперссылку на сайт, на котором можно найти дополнительную информацию ресурс содержит графическое изображение (иллюстрацию)
Опубликовано на портале: 25-10-2007
Andrew Hughes Hallett, Diana Weymark Economics Letters. 2004.  Vol. 85. No. 1. P. 103-110. 
Monetary policy is formulated as a game between the government and the central bank. We show that, when fiscal policy has a redistributional component, there is a conflict between optimally configured monetary policies and equality. Consequently, inflation averse governments interested in social equity will need to limit their use of fiscal policy.
ресурс содержит полный текст, либо отрывок из него
Опубликовано на портале: 23-12-2007
Avner Bar-llan, Dan Lederman Economics Letters. 2007.  Vol. 97. No. 2. P. 170-178. 
We present a model that determines both monetary policy and level of international reserves. Strict monetary policy would build precautionary reserves that allow future monetary policy to better stabilize inflation and output and lower the likelihood of forthcoming financial crisis
ресурс содержит полный текст, либо отрывок из него
Опубликовано на портале: 03-12-2007
Patrick Fève, Julien Matheron, Céline Poilly Economics Letters. 2007.  Vol. 96. No. 1. P. 97-102. 
We investigate identification issues in estimated Taylor rules. Embedding two alternative views about monetary policy, inertia versus serially correlated shocks, in a single equation, we show that using euro data, it is impossible to discriminate between these two competing representations.
ресурс содержит полный текст, либо отрывок из него
Опубликовано на портале: 03-12-2007
Jonathan G. James, Phillip Lawler Economics Letters. 2007.  Vol. 96. No. 1. P. 77-83. 
We assume that, while the central bank has an information advantage in respect of aggregate productivity shocks, the private sector has superior knowledge of local disturbances. It is shown that there is no policy trade-off between inflation and employment stability: moreover macroeconomic outcomes are independent of the weight assigned to inflation by the central bank.
ресурс содержит полный текст, либо отрывок из него