The Macroeconomic Balance (MB) Approach
Current Account and REER misalignments in Central Eastern EU Countries: an update using the Macroeconomic Balance approach
... fiscal balance, old-age dependency ratio, population growth, real GDP per capita growth and GDP per capita PPP over US are used in relative terms with the same time-varying weights applied for the ...oil ...
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Macroeconomic variables and current account balance in Namibia
... account balance in Kenya using the intertemporal approach for the period 1970 to ...fiscal balance, terms of trade, trade openness, money supply, dependency ratio, foreign direct investment and ...
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The Balance Sheet Effects and Macroeconomic Development in the Paciªc Region
... For comparison purposes, we also apply the same approach to 19 industrial coun- tries over the period from 1970 to 2004 (Figure 7). We found 15 boom-busts, and 9 out of 15 busts were concentrated on the years of ...
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Macroeconomic Shocks and Trade Balance Adjustments in Papua New Guinea
... The biggest problem that regularly bothered us in this study is the absence of consistent and high frequency time-series macroeconomic data in PNG. In particularly, we would like to shed some light on the ...
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A Macroeconomic Approach to Corporate Capital Structure
... calibrates the model and computes a stationary equilibrium. Section 4 describes some empirical implications of the model and does counterfactual experiments, and Section 5 concludes the paper. 2 The Model The model is ...
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Asset Prices and Banking Distress: A Macroeconomic Approach
... • Finally, when τ > τ K , loan losses eliminate bank capital, K t ≤ 0. The banking system is insolvent, and losses are ultimately borne by depositors. The effect of falling asset prices on the banking system can now be ...
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Macroeconomic Theory: A Dynamic General Equilibrium Approach
... in the domestic market and not in the foreign market. An appreciation would have no effect on the foreign currency price of exports, and a depreciation would not affect domestic tradeables prices. The evidence shows that ...
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Macroeconomic variables and current account balance in an open economy : evidence from Namibia
... account balance is important for any country, and open economies such as Namibia are no exception to ...account balance deficits is important in analysing the sustainability of the country’s external ...
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Subsistence Farming and Food Security in Cameroon: A Macroeconomic Approach
... The increase in the rural population led to increased pressure on resources particularly a land. This pressure involves a fall of the fertility of land which leads to a reduction in crop yields and thus a decrease in ...
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Macroeconomic Determinants of European FDI Outflows - An Empirical Approach
... 24 market, and are therefore more likely to invest abroad. This does not correspond well with our results for Germany. According to the Balance of Payments identity when the current account balance ...
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The macroeconomic implications of zero growth: a post-keynesian approach
... We have analysed the requirements for zero growth from a national income accounting perspective, and we have shown that zero growth, positive profits and a positive rate of interest are consistent with each other. Then ...
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Balance Sheet Vulnerability and Macroeconomic Management in Indonesia
... examining balance sheet conditions across sectors in the economy, it is shown that even though some progress has been achieved, overall balance sheet conditions are still vulnerable to further shocks that ...
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Macroeconomic Impacts of Aging in Japan on the Balance of Current Accounts
... The growth potential will be lowered as less labor input is expected. When the population of working age starts to decline, contribution of labor input from the number of employees to economic growth turns negative. ...
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Balance of Power Approach
... B Ba allance ance o of f Po Powe wer r A Ap ppr pro oa ac ch h • • The The Concept Concept of ba of balance lance of pow of power is er is also ca also called lled „a basic „a basic principle principle of of ...
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Estimating Macroeconomic Models: A Likelihood Approach
... of the ability of the procedure to uncover sensible values for the parameters of dynamic macroeconomic models. [Table 6.1 Here] The autoregressive component of the preference shock level, ρ, reveals a high ...
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Modeling loan losses a macroeconomic approach
... chartered and insured banks can be described using macroeconomic variables for the loan categories of (1) total loans, (2) residential real estate, (3) commercial real estate, and (4) [r] ...
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A Macroeconomic Approach to a Firm's Capital Structure
... A traditional “static” trade off theory was one of the most popular theories to describe corporate capital structure, but it was inconsistent with the negative relationship between firms’ [r] ...
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A Financial Approach to the Balance of Payments
... Financial Approach to the Balance of Payments Peijie Wang ABSTRACT A new approach to addressing balance of payments issues by analyzing the constituents of the financial account has been ...
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Balance of Payments and Foreign Exchange Dynamics SD Macroeconomic Modeling (4)
... This paper tries to model a dynamic determination of foreign ex- change rate in an open macroeconomy in which goods and services are freely traded and financial capital flows efficiently for highest returns. For this ...
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Present Bias Amplifies the Household Balance-Sheet Channels of Macroeconomic Policy
... Capital Gains Dividends/Profits Standard Income Effects through Interest Rates Income Effects through Mortgage Rates Valuation Effects from Inflation (Fisher Effects) Fiscal Polic[r] ...
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