Uncovering Changing Relations in Financial and Monetary Economics is popular PDF and ePub book, written by Barbara Meller in 2011-11-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Uncovering Changing Relations in Financial and Monetary Economics can be Read Online from any device for your convenience.
Uncovering Changing Relations in Financial and Monetary Economics Book PDF Summary
In her doctoral thesis, Barbara Meller compiles her work on applied econometrics focusing on policy decision making in financial and monetary economics.In the first part of the book, the effect of financial globalization on the volatility of economic growth is empirically examined in a large sample of countries. The analysis provides clear criteria which countries should fulfill in order to benefit from financial globalization in terms of reduced volatility. In general, financial globalization is more favorable for countries with a higher ability to repay debt. The focus of the second part of the book is inflation persistence which is measured using long-memory techniques. As inflation persistence is one of the most crucial parameters affecting monetary policy, the analyses have important implications for the evaluation and conduct of monetary policy. In particular, the impact of the formation of the European Central Bank on inflation persistence is analyzed using panel fractional integration estimation. It is concluded that inflation persistence has decreased probably as a result of the more effective monetary policy of the ECB. Moreover, a new test to find a break in long-run persistence at unknown timing is introduced. Applied to US inflation rate, the test indicates that persistence has increased in 1973 and decreased in 1980.
Detail Book of Uncovering Changing Relations in Financial and Monetary Economics PDF
- Author : Barbara Meller
- Release : 01 November 2011
- Publisher : Tectum Wissenschaftsverlag
- ISBN : 9783828852174
- Genre : Business & Economics
- Total Page : 123 pages
- Language : English
- PDF File Size : 11,7 Mb
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