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The Monetary Transmission Mechanism: evidence and implications for European monetary union.
(National University of Ireland, Galway, 1999-06)
We provide some evidence consistent with a heterogeneous credit channel of monetary
policy transmission in the European Union. Using the techniques of cointegration and
Error Correction Models, we have shown that the ...
The Impact of the Exchange Rate Regime on Exports: Evidence from the European Monetary System
(National University of Ireland, Galway, 1999)
We employ the econometric techniques of multivariate cointegration and error-correction models to investigate the impact of the creation of the European Monetary System (EMS) on the volume of intra-European Union (EU) ...
The Monetary Transmission Mechanism: Evidence and Implications for European Monetary Union
(National University of Ireland, Galway, 1999)
We provide some evidence consistent with a heterogeneous credit channel of monetary policy transmission in the European Union. Using the techniques of cointegration and Error Correction Models, we have shown that the ...
Current Account Deficit Sustainability: A Panel Approach
(National University of Ireland, Galway, 2004)
In this paper we attempt to examine the issue of sustainability of current account imbalances in eight East Asia countries using the latest developments in nonstationary panel data analysis. The methods of nonstationary ...
Inflation, Inflation Uncertainty, and a Common European Monetary Policy
(National University of Ireland, Galway, 2001)
The relationship between inflation and inflation uncertainty is investigated in six European Union countries for the period 1960 to 1999. EGARCH models are used to generate a measure of inflation uncertainty and then Granger ...
On the Sustainability of Current Account Deficits: Evidence from Four ASEAN Countries
(National University of Ireland, Galway, 2002)
This paper examines the sustainability of the current account imbalance for four ASEAN countries (Indonesia, Malaysia, the Philippines and Thailand) over the 1961-1999 period. To this end, we utilize the intertemporal ...
Are Economic Growth and the Variability of the Business Cycle Related? Evidence from Five European Countries
(National University of Ireland, Galway, 2002)
We use a long series of annual data that span over 100 years to examine the relationship between output growth and output growth uncertainty in five European countries. Using the GARCH methodology to proxy output growth ...
Twin Deficits, Real Interest Rates and International Capital Mobility
(National University of Ireland, Galway, 2000)
We argue that the interactions among the current account and budget balances and the real interest rate can provide more information about the effective degree of financial openness of an economy than simple saving-investment ...
The Relationship between Inflation and Inflation Uncertainty in the UK: 1885-1998
(National University of Ireland, Galway, 2000)
Using a long series of UK inflation data, I have provided strong evidence in favour of the hypothesis that inflationary periods are associated with high inflation uncertainty. This result supports the Friedman-Ball hypothesis ...
A GARCH Model of Inflation and Inflation Uncertainty with Simultaneous Feedback
(National University of Ireland, Galway, 2000)
We examine the relationship between inflation and inflation uncertainty using a GARCH model that allows for simultaneous feedback between the conditional mean and variance of inflation. We also derive a number of theoretical ...