155 resultados para Svar


Relevância:

20.00% 20.00%

Publicador:

Resumo:

Radio-ohjelma suomalaisesta klassisen laulun kulttuurista, sisältää Suomessa äänitettyjä haastatteluja ja musiikkinäytteitä.

Relevância:

20.00% 20.00%

Publicador:

Resumo:

Sociologisk Forsknings digitala arkiv

Relevância:

20.00% 20.00%

Publicador:

Resumo:

O presente trabalho tem por objetivo calcular o hiato do produto por meio da identificação de choques de demanda estimados por um SVAR e estudar, em um modelo de pequeno porte que utiliza essa medida de hiato, como se dá a interdependência entre a política fiscal, a política monetária e a inflação. Essa abordagem identifica uma maior sensibilidade da inflação à política fiscal do que nas estimativas usuais encontradas na literatura brasileira. Por outro lado, as estimativas para a sensibilidade da inflação à política monetária estão em linha com os resultados de outros trabalhos. A principal vantagem desta metodologia é a identificação de choques de demanda em momentos de mudança da trajetória de produto potencial, como recentemente ocorreu na economia brasileira. Além disso, ela aponta uma possível explicação para o recente paradoxo entre o baixo crescimento da atividade e a alta inflação.

Relevância:

20.00% 20.00%

Publicador:

Resumo:

This study empirically analyzes the sources of the exchange rate fluctuations in India by employing the structural VAR model. The VAR system consists of three variables, i.e., the nominal exchange rate, the real exchange rate, and the relative output of India and a foreign country. Consistent with most previous studies, the empirical evidence demonstrates that real shocks are the main drives of the fluctuations in real and nominal exchange rates, indicating that the central bank cannot maintain the real exchange rate at its desired level over time.

Relevância:

20.00% 20.00%

Publicador:

Resumo:

Mode of access: Internet.

Relevância:

20.00% 20.00%

Publicador:

Resumo:

Includes bibliographical references.

Relevância:

10.00% 10.00%

Publicador:

Resumo:

To study the macroeconomic effects of unconventional monetary policy across the different countries of the eurozone, I develop an identification scheme to disentangle conventional from non-conventional policy shocks, using futures contracts on overnight interest rates and the size of the European Central Bank balance sheet. Setting these shocks as endogenous variables in a structural vector autoregressive (SVAR) model, along with the CPI and the employment rate, estimated impulse response functions of policy to macroeconomic variables are studied. I find that unconventional policy shocks generated mixed effects in inflation but had a positive impact on employment, with the exception of Portugal, Spain, Greece and Italy where the employment response is close to zero or negative. The heterogeneity that characterizes the responses shows that the monetary policy measures taken in recent years were not sufficient to stabilize the economies of the eurozone countries under more severe economic conditions.

Relevância:

10.00% 10.00%

Publicador:

Resumo:

With more than two decades of weak economic performance since the bubble burst in the ‘90s, the Japanese deflationary scenario has become the economic fate every developed economy fears to become. As the euro area continues to experience sustained low inflation, studying the Japanese monetary policy may shed light on how to prevent persistent deflation. Using an SVAR methodology to understand the monetary transmission mechanism, we find some evidence that the euro area may possess characteristics that would eventually lead to a deflationary scenario. The extent of whether it would suffer the same Japanese fate would depend on how macroeconomic policies are timely coordinated as a response to its liquidity problem and increasing public debt across member states.

Relevância:

10.00% 10.00%

Publicador:

Resumo:

Abstract: The Stability Growth Pact and the 3% rule did not prevent countries from running large deficits. Countries in the EMU administrate fiscal policies differently, despite the existence of a common quantitative goal. The main focus of this work project is to study differences in the fiscal dynamics of eight EMU countries and assess the role of political variables in shaping those dynamics. We find that elections negatively affect government revenue in Austria, Belgium, Portugal, Spain and Germany. Expenditure, on the other hand, responds positively to incoming elections in Portugal, Italy, France and Netherlands, and negatively in the case of Germany.

Relevância:

10.00% 10.00%

Publicador:

Resumo:

This chapter highlights the problems that structural methods and SVAR approaches have when estimating DSGE models and examining their ability to capture important features of the data. We show that structural methods are subject to severe identification problems due, in large part, to the nature of DSGE models. The problems can be patched up in a number of ways but solved only if DSGEs are completely reparametrized or respecified. The potential misspecification of the structural relationships give Bayesian methods an hedge over classical ones in structural estimation. SVAR approaches may face invertibility problems but simple diagnostics can help to detect and remedy these problems. A pragmatic empirical approach ought to use the flexibility of SVARs against potential misspecificationof the structural relationships but must firmly tie SVARs to the class of DSGE models which could have have generated the data.

Relevância:

10.00% 10.00%

Publicador:

Resumo:

Avhandlingen handlar om hur E.G. Ehrström (1791–1835) under tidsperioden 1808–35 förhöll sig till finskt, svenskt och ryskt. Då Finland år 1809 förvandlades från svensk riksdel till ryskt storfurstendöme tvingades finländarna att i den nya situationen reflektera över hur man skulle definiera nation, språk och historia. Det fanns inget givet svar på vad Finlands invånare hade blivit genom den geopolitiska omvälvningen. E.G. Ehrström var en individ som i ovanligt många sammanhang var tvungen att brottas med de nationella frågorna. Som ung student deltog han i finska kriget år 1808 och år 1812 studerade han som stipendiat i Moskva. År 1815 blev han lektor i ryska vid akademin i Åbo och som romantiker betonade han samtidigt det finska språkets roll som Finlands enda nationalspråk. Åren 1826–35 var han slutligen kyrkoherde i den svenska församlingen i S:t Petersburg. I alla de olika rollerna och kontexterna måste han anpassa sina nationella ställningstaganden till den specifika situation och roll i vilken han verkade. Avhandlingens syfte är att dra slutsatser om de faktorer som gör att en individ i olika sammanhang betonar olika aspekter av det nationella. I det allmänna medvetandet uppfattas nationella identiteter ofta som stabila och enhetliga, medan den teoretiska litteraturen i dag lyfter fram att de i själva verket är föränderliga och flytande. Finland strax efter 1809 är intressant att studera ur detta perspektiv. Eftersom det var oklart vad Finland och dess invånare hade blivit, var man tvungen att skapa ett innehåll för den nya enheten. En analys av hur man resonerade i sammanhanget kan lära oss något hur nationella identiteter skapas och fungerar också i dag.