National stochastic trends and international macroeconomic fluctuations the role of the current account by Mathias Hoffmann

Cover of: National stochastic trends and international macroeconomic fluctuations | Mathias Hoffmann

Published by European University Institute in Badia Fiesolana, San Domenico .

Written in English

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StatementMathias Hoffmann.
SeriesEUI working paper -- no.99/26
ContributionsEuropean University Institute (Economics Department)
ID Numbers
Open LibraryOL18304510M

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Hoffmann, M., "National Stochastic Trends and International Macroeconomic Fluctuations: the Role of the Current Account," Economics Working Papers eco99/26, European University Institute. Handle: RePEc:eui:euiwps:eco99/26 Get this from a library. National stochastic trends and international macroeconomic fluctuations: the role of the current account.

[Mathias Hoffmann; European University Institute. Department of Economics.] BibTeX @TECHREPORT{Fiesolana98nationalstochastic, author = {Badia Fiesolana and Mathias Hoffmann and Mathias Hoffmann and Mathias Hoffmann}, title = {National stochastic trends and international macroeconomic fluctuations}, institution = {}, year National stochastic trends and international macroeconomic fluctuations book {}}?doi= National stochastic trends and international macroeconomic fluctuations.

By Badia Fiesolana and Mathias Hoffmann and Mathias Hoffmann and Mathias Hoffmann. Abstract. We propose a simple intertemporal model of output and current account dynamics that we estimate using a cointegrated VAR approach. We suggest a method for identifying global and National Stochastic Trends and International Macroeconomic Fluctuations: The Role of the Current Account Get this from a library.

Stochastic trends and economic fluctuations. [Robert G King; National Bureau of Economic Research.;] -- Recent developments in macroeconomic theory emphasize that transient economic fluctuations can arise as responses to changes in long run factors -- in particular, technological improvements -- rather   Stochastic Trends and Economic Fluctuations Robert G.

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Acknowledgments: Helpful input was provided by the panel members and audience at the American Economic Association's New Orleans roundtable, "Monetary and Fiscal Policy: The Role for Structural Macroeconomic  › 百度文库 › 语言/资格考试.

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National Bureau of Economic Research, Nelson, Charles R. and Hejoon Kang, "Spurious Periodicity in Inappropriately Detrended Time Series." Econometrica, Mayand Charles I.

Plosser, "Trends and Random Walks in Macroeconomic Time Series." Journal of Monetary Economics, September+cycles,+trends,+and+random+walks+in. stochastic trend. Algebraically, the two cases are: yt = fi +flt+†t (1) for the deterministic trend case, and yt = fl +yt¡1 +†t (2) in the stochastic trend case (a random walk with drift).1 y t = ln(GDP) mea-sured at time t.

In the first case, flt is the trend component or GDP and †t is the deviation around the trend. Changes in ~bsorense/   Motivated by a recent demographic study establishing a link between macroeconomic fluctuations and the mortality index k t in the Lee–Carter model, we develop a dynamic asset-liability model to assess the impact of macroeconomic fluctuations on the solvency of a life insurance company.

Liabilities in this stochastic simulation framework are driven by a GDP-linked variant of the Lee–Carter   Economics Time Series Econometrics. Eric Zivot Winter Department of Economics, Office: F Savory University of Washington Phone: Office Hours: MW email: [email protected] Course Description.

This is survey course in time series econometrics with focus on applications in macroeconomics, international finance and   Abstract. The assumptions that agents have rational expectations, know the true structure of the economy, and have access to the same information have been dropped in favour of models of expectations formation which make less stringent assumptions and demands of :// The role of global relative price changes in international comovement of inflation.

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The model consists of simple structural equations, and largely deals with deviations of the main macroeconomic variables from their long-term trends (“gap” model). National income equilibrium (2) National income equilibrium (3) National income equilibrium (4) DragIT - Aggregate demand and supply ; Aggregate Demand and Aggregate Supply (questions) AD/AS - self-test questions ; Short questions ; Data response (1) Data response (2) Long questions ; Macroeconomic objectives (notes) We conclude that macroeconomic models that focus on monetary disturbances as a source of purely transitory (stationary) fluctuations may never be successful in explaining a very large fraction of output fluctuations and that stochastic, variation due to real factors is an essential element model of economic ://.

INTERNATIONAL COORDINATION IN THE DESIGN OF MACROECONOMIC POLICY RULES John B. TAYLOR* Stan&d University, Stanford, CAUSA National Bureau of Economic Research, Cambridge, MAUSA The paper examines international issues that arise in the design and evaluation of macro- economic policy ~johntayl/Onlinepaperscombinedby.

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