Business Cycles and Long-Lived Impact of Recession on Economy
 |
|
Описание:
This book provides new theoretical and empirical evidence to examine three factors often cited as causes of business cycle fluctuations. The first factor is monetary policy; the second is financial structures and crony capitalism; and the third is external shocks, such as European integration. The first paper contains a theoretical and empirical study of sacrifice ratios (costs of using monetary policy to reduce inflation) when disinflation has long-lived effects on output or unemployment. The second paper is about the relationship between corruption, economic volatility, and economic growth. In the third paper, I use a standard“gravity” model to analyze the separate effects of exchange rate volatility and economic integration, such as membership in the European Union (EU) and participation in the European Monetary System (EMS), on foreign direct investment (FDI).Похожие книги
 | Financial Market Volatility and the Economy Автор: Federal Reserve Bank of Kansas City Год: 2002 |
 | Inside Volatility Arbitrage : The Secrets of Skewness Автор: Alireza Javaheri Год: 2005 |
 | Why Does Stock Market Volatility Change Over Time? Автор: Schwert G.W. Год: 1989 |
 | Volatility Trading Автор: Johannes H?mmerle Год: 2008 |
 | Semiparametric Modeling of Implied Volatility (Springer Finance) Автор: Matthias R. Fengler Год: 2005 |
 | LIBOR Market Model Автор: Simona Svoboda-Greenwood Год: 2010 |