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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 ...
Does the Exchange Rate Regime Affect Export Volumes? Evidence from Bilateral Exports in the US-UK trade: 1900-1998
(National University of Ireland, Galway, 2000)
By utilizing the techniques of multivariate cointegration and error correction models, we investigate the impact of the different exchange-rate regimes that spanned the 20th century on the bilateral exports between the UK ...
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 ...
Inflation and Output Growth Uncertainty and their Relationship with Inflation and Output Growth
(National University of Ireland, Galway, 2001)
Using a bivariate GARCH model of inflation and output growth we find evidence that higher inflation and more inflation uncertainty lead to lower output growth in the Japanese economy. These results support the argument of ...