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  • 1
    Digitale Medien
    Digitale Medien
    [S.l.] : Emerald
    Journal of economic studies 24 (1997), S. 379-391 
    ISSN: 0144-3585
    Quelle: Emerald Fulltext Archive Database 1994-2005
    Thema: Wirtschaftswissenschaften
    Notizen: A number of recent papers have raised serious questions about the validity of the German dominance hypothesis, using Granger (temporal) causality tests. If Germany dominates within the European Monetary System, then German monetary policy, measured by either money stocks or interest rates should Granger (temporally) cause other EMS countries' monetary policies, but not vice versa. Empirical evidence leads analysts to conclude that the German dominance hypothesis is invalid, or at a minimum, in need of significant reformulation. Explores similar Granger causality tests, using the recent cointegration and error-correction modelling strategy, for the US and a group of developing countries during the Bretton Woods period, where conventional wisdom suggests that US policy dominated. Finds significant evidence of two-way causality between the US money stock and the money stocks of a large number of developing countries. These findings raise a serious questions about the interpretation and/or appropriateness of the Granger causality test for investigating policy dominance hypotheses.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 2
    Digitale Medien
    Digitale Medien
    [S.l.] : Emerald
    Journal of economic studies 22 (1995), S. 44-58 
    ISSN: 0144-3585
    Quelle: Emerald Fulltext Archive Database 1994-2005
    Thema: Wirtschaftswissenschaften
    Notizen: The international linkages between money stocks (and inflationrates) has received much attention. Focuses on the advantages anddisadvantages of fixed and flexible exchange rate regimes. Fixed ratesystems require credible commitments to the rules of the game by thecentral banks involved. Credible commitment can be achieved throughcooperative (symmetric) or coercive (asymmetric) regimes. Did the USA(Germany) dominate other developed (European) countries during theBretton Woods (European Monetary) system? Examines the linkages, if any,between the USA (German) money stock and money stocks in other developed(European) countries, using the cointegration and error-correctionmethodology. Finds evidence that USA (German) money stock did affectother (European) countries' money stocks during fixed exchange rates.Finds, also, reverse causality which raises serious questions abouteither the dominance of the USA (Germany) within the Bretton Woods(European Monetary) system, or the usefulness of causality tests isanswering such questions.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 3
    Digitale Medien
    Digitale Medien
    Oxford, UK : Blackwell Publishing Ltd
    Kyklos 35 (1982), S. 0 
    ISSN: 1467-6435
    Quelle: Blackwell Publishing Journal Backfiles 1879-2005
    Thema: Sociologie , Wirtschaftswissenschaften
    Notizen: This paper is an empirical investigation of the hypothesis that there exists a positive relationship between the inflation rate and its variability. The hypothesis is tested for a sample of eighteen industrial countries for the period 1949-1970. In contrast to most previous studies, policy makers are allowed to revise their desired inflation rate by calculating a six-year moving average. The homogeniety assumption across countries is relaxed and the relationship between the average inflation rate and its variability over time is examined within each country. In addition, the argument that government financial policy is responsible for the variability of the inflation rate is reexamined in the context of a fixed-exchange-rate open economy; an alternative source of inflation variability is proposed-international inflation. A procedure that separates out the influence of the world inflation rate is developed and the relationship between the average inflation rate and its measure of variability attributable to domestic government financial policy is examined. The findings of this study provide less pervasive support than previous studies of the existence of a positive relationships between the inflation rate and its variability. Moreover, the positive causality uncovered might be due more to international inflation than to the actions of domestic financial authorities.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 4
    Digitale Medien
    Digitale Medien
    Oxford, UK : Blackwell Publishing Ltd
    Kyklos 37 (1984), S. 0 
    ISSN: 1467-6435
    Quelle: Blackwell Publishing Journal Backfiles 1879-2005
    Thema: Sociologie , Wirtschaftswissenschaften
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 5
    Digitale Medien
    Digitale Medien
    s.l. : American Chemical Society
    Industrial & engineering chemistry research 32 (1993), S. 1275-1296 
    ISSN: 1520-5045
    Quelle: ACS Legacy Archives
    Thema: Chemie und Pharmazie , Werkstoffwissenschaften, Fertigungsverfahren, Fertigung
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
    BibTip Andere fanden auch interessant ...
  • 6
    Digitale Medien
    Digitale Medien
    Oxford, UK and Boston, USA : Blackwell Publishing Ltd
    Bulletin of economic research 55 (2003), S. 0 
    ISSN: 1467-8586
    Quelle: Blackwell Publishing Journal Backfiles 1879-2005
    Thema: Wirtschaftswissenschaften
    Notizen: We reconsider the optimal central banker contract derived in Walsh (1995). We show that if the government's objective function places weight (value) on the cost of the contract, then the optimal inflation contract does not completely neutralize the inflation bias. Furthermore, the more concerned the government is about the cost of the contract or the less selfish is the central banker, the smaller is the share of the inflation bias eliminated by the contract. Finally, a central banker contract written in terms of output can completely eradicate the inflationary bias, regardless of concerns about contract costs.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 7
    Digitale Medien
    Digitale Medien
    Springer
    Journal of financial services research 7 (1993), S. 235-248 
    ISSN: 1573-0735
    Quelle: Springer Online Journal Archives 1860-2000
    Thema: Wirtschaftswissenschaften
    Notizen: Abstract We consider economies and diseconomies of scope for large U.S. banks by employing ordinary and hybrid translog cost functions. We examine the regularity conditions in output space where scope estimates are calculated and reject all models for which these conditions fail. The translog model always possesses violations. For the hybrid translog, violations occur in every case except one. In this one case, we find economies of scope.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
    BibTip Andere fanden auch interessant ...
  • 8
    Digitale Medien
    Digitale Medien
    Springer
    Open economies review 3 (1992), S. 37-49 
    ISSN: 1573-708X
    Schlagwort(e): Customs union ; unemployment ; international capital mobility ; Harris-Todaro model
    Quelle: Springer Online Journal Archives 1860-2000
    Thema: Wirtschaftswissenschaften
    Notizen: Abstract Traditional customs union theory concludes that trade creation enhances welfare. Thus, Yu's (1982) conclusion that trade creation may decrease welfare in the presence of general unemployment is an important observation. Parai and Batra (1987) reestablish the traditional results in the Harris-Todaro model, where unemployment is sector-specific. We conclude that trade creation may decrease welfare in the Harris-Todaro model with international capital mobility when labor subsidies or capital taxes (subsidies) exist. Moreover, second-best labor subsidies or capital subsidies (taxes) recommended by some authors increase the chances of welfare decreasing trade creation.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 9
    Digitale Medien
    Digitale Medien
    Hoboken, NJ : Wiley-Blackwell
    AIChE Journal 40 (1994), S. 1312-1327 
    ISSN: 0001-1541
    Schlagwort(e): Chemistry ; Chemical Engineering
    Quelle: Wiley InterScience Backfile Collection 1832-2000
    Thema: Chemie und Pharmazie , Werkstoffwissenschaften, Fertigungsverfahren, Fertigung
    Notizen: The open-loop optimal control strategy to regulate the crystal-size distribution of batch cooling crystallizers handles input, output, and final-time constraints, and is applicable to crystallization with size-dependent growth rate, growth dispersion, and fines dissolution. The objective function can be formulated to consider solid-liquid separation in subsequent processing steps.A model-based control algorithm requires a model that accurately predicts system behavior. Uncertainty bounds on model parameter estimates are not reported in most crystallization model identification studies. This obscures the fact that resulting models are often based on experiments that do not provide sufficient information and are therefore unreliable. A method for assessing parameter uncertainty and its use in experimental design are presented. Measurements of solute concentration in the continuous phase and the transmittance of light through a slurry sample allow reliable parameter estimation. Uncertainty in the parameter estimates is decreased by data from experiments that achieve a wide range of supersaturation. The sensitivity of the control policy to parameter uncertainty, which connects the model identification and control problems, is assessed. The model identification and control strategies were experimentally verified on a bench-scale KNO3-H2O system. Compared to natural cooling, increases in the weight mean size of up to 48% were achieved through implementation of optimal cooling policies.
    Zusätzliches Material: 17 Ill.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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  • 10
    Digitale Medien
    Digitale Medien
    Springer
    The journal of real estate finance and economics 13 (1996), S. 219-235 
    ISSN: 1573-045X
    Schlagwort(e): Connecticut home sales ; forecasting ; coincident index ; leading index ; BVAR
    Quelle: Springer Online Journal Archives 1860-2000
    Thema: Wirtschaftswissenschaften
    Notizen: Abstract We develop a Bayesian Vector Autoregressive Model (BVAR) to forecast home sales in Connecticut. In addition to home prices and mortgage interest rates, we also include measures of current and future economic conditions to see if these variables provide useful information with which to forecast Connecticut home sales. The best performing model incorporates recently developed coincident and leading employment indexes for Connecticut. These composite indexes perform markedly better than the inclusion of individual variables such as the unemployment rate or housing permits authorized.
    Materialart: Digitale Medien
    Standort Signatur Erwartet Verfügbarkeit
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