Applied Econometrics and International Development. AEID.Vol. 5-2 (2005) MONETARY POLICY AND MACROECONOMIC INSTABILITY IN NIGERIA: A RATIONAL EXPECTATION APPROACH FERIDUN‚ Mete * FOLAWEWO‚ Abiodun OSINUBI‚ Tokunbo Abstract Generally‚ both fiscal and monetary policies seek at achieving relative macroeconomic stability. Based o countries’ experience on n the role of monetary policy in controlling economics instability‚ this study examines the efficacy of monetary policy in controlling
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correction model (VECM) specification. Base on Johansen (1988; 1995)‚ the benefit of VECM is that it prevents the bias that takes place in OLS estimates of cointegration relations when use the Engle-Granger procedure. The procedure of Johansen econometric methodology has develops. The starting point in VAR of order m is: Zt = U + A1z t-1 +…….. Am Zt-m
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interactions per year‚ and the purchase of 9 million hamburgers‚ 50 million Cokes‚ and tons of “tangible memories.” Planning begins with a 5 year forecast of attendance based on a combination of econometric models‚ experience-based models‚ extensive research‚ and a magic mirror. 1. Econometric models examines the international economies of seven key countries‚ their GDP growth‚ foreign exchange rate‚ and consumer confidence. 2. Experience-based model looks at demographics‚ planned product
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The copyright to this article is held by the Econometric Society‚ http://www.econometricsociety.org. It may be downloaded‚ printed and reproduced only for personal or classroom use. Absolutely no downloading or copying may be done for‚ or on behalf of‚ any for-profit commercial firm or other commercial purpose without the explicit permission of the Econometric Society. For this purpose‚ contact Claire Sashi‚ General Manager‚ at sashi@econometricsociety.org. Prospect Theory: An Analysis of
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fellowships and awards‚ including the distinguished Guggenheim Fellowship‚ the Econometric Society Fellowship and the Sloan Fellowship. Ben Bernanke was also a member of the National Bureau of Economic Research’s Business Cycle Dating Committee. He has also worked for two terms as a member of New Jersey’s Montgomery Township Board of Education. Ben Bernanke supports education strongly .Bernanke was also a fellow of the Econometric Society and of the American Academy of Arts and Sciences. Though his life
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|15% | |2. |Marco-Economics |15% | |3. |Econometrics |10% | |4. |International Trade Theory and Finance |10%
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Kenneth (2000). We select a journal paper written by Seth (2002)‚ he studies the relationship between economic growth and poverty. From the tables and equations‚ we can know that this research uses regression model and OLS method. According to his econometric model‚ he gets the result that growth in the incomes of the rich reduces the effects of poverty proportionally more than the case for increases in the incomes of the poor. In addition‚ economic growth clearly reduces poverty. From our research
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Research Topics in Corporate Finance Bocconi University PhD in Economics and Finance ∗ May 29‚ 2012 Professors: Nicolas Serrano-Vallerde (until 09/12: nicolas.serrano-velarde@sbs.ox.ac.uk) Linus Siming (linus.siming@unibocconi.it) Office hours: By appointment (Email) Summary and aims: This Ph.D. course is designed to introduce doctoral candidates to ongoing research topics in corporate finance. This course surveys leading academic research in selected areas of corporate finance‚ focusing
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Demand Estimation for Britannia Biscuit Industry 1.Introduction: Our objective was to study the demand variation of Britannia Biscuits in India with respect to certain variables like‚ Price‚ Price of the substitute (Parle Biscuits)‚ Income of Consumer and Population. To achieve this we assume all other factors like Tastes of Consumer‚ Advertising etc are constant. The biscuit industry is taken as a whole without differentiating between various segmented brands. To arrive at the demand function of
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Programme Specification (Undergraduate) Date amended: 19/09/2013 1. Programme Title(s) and UCAS code(s): BSc Financial Economics L115 BSc Financial Economics (With a Year in Europe) L115 BSc Financial Economics (With a Year in Europe) 2. Awarding body or institution: University of Leicester 3. a) Mode of study: Full Time b) Type of study: Campus based 4. Registration periods: The normal period of registration for a full-time bachelors degree is three years and the maximum
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