Dynamic Effects of Demand and Supply Disturbances on Thew Finnish Economy PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Dynamic Effects of Demand and Supply Disturbances on Thew Finnish Economy PDF full book. Access full book title Dynamic Effects of Demand and Supply Disturbances on Thew Finnish Economy by Johanna Hartikainen. Download full books in PDF and EPUB format.
Author: Johanna Hartikainen
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
Get Book Here
Book Description
The purpose of this study is to analyze the dynamic effects of demand and supply disturbances on the Finnish economy.In addition, the study aims at finding out whether liberalization of capital movements affected the transmission of disturbances. The analysis is based on a vector autoregressive model for unemployment and the GNP from 1970.1 to 1990.4.The vector autoregressive representation is then transformed to a corresponding moving average representation and the dynamic effects of disturbances are analyzed by impulse response functions The model restricts the number of disturbances to two, called demand and supply disturbances.Estimation shows that demand disturbances have temporary effects on GNP and unemployment, the effects of supply disturbances on GNP are permanent but their effects on unemployment are temporary.As capital mobility increases the effects of demand disturbances die out faster.There is no significant difference in the short term effects of supply disturbances on GNP but the long term effects are magnified.This is in accordance with economic theory.
Author: Johanna Hartikainen
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
Get Book Here
Book Description
The purpose of this study is to analyze the dynamic effects of demand and supply disturbances on the Finnish economy.In addition, the study aims at finding out whether liberalization of capital movements affected the transmission of disturbances. The analysis is based on a vector autoregressive model for unemployment and the GNP from 1970.1 to 1990.4.The vector autoregressive representation is then transformed to a corresponding moving average representation and the dynamic effects of disturbances are analyzed by impulse response functions The model restricts the number of disturbances to two, called demand and supply disturbances.Estimation shows that demand disturbances have temporary effects on GNP and unemployment, the effects of supply disturbances on GNP are permanent but their effects on unemployment are temporary.As capital mobility increases the effects of demand disturbances die out faster.There is no significant difference in the short term effects of supply disturbances on GNP but the long term effects are magnified.This is in accordance with economic theory.
Author: Johanna Hartikainen
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
Get Book Here
Book Description
Tiivistelmä.
Author: Ms.Valerie Cerra
Publisher: International Monetary Fund
ISBN: 1513536990
Category : Business & Economics
Languages : en
Pages : 50
Get Book Here
Book Description
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Author: Mr.Pau Rabanal
Publisher: International Monetary Fund
ISBN: 1451875657
Category : Business & Economics
Languages : en
Pages : 68
Get Book Here
Book Description
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
Author:
Publisher:
ISBN:
Category : Finland
Languages : en
Pages : 98
Get Book Here
Book Description
Author: Aswini Kumar Mishra
Publisher: Springer Nature
ISBN: 3030597814
Category : Business & Economics
Languages : en
Pages : 175
Get Book Here
Book Description
This volume offers fresh insights into economic development and growth in emerging economies. It includes contributions covering topics such as natural disasters and income inequalities, the environmental impact of economic growth, social preferences, information and market disorder under democracy, inflation targeting and its covariates, economic empowerment. This book is intended for scholars in the field of economics, and those interested in furthering economic development.
Author: Helmut Frisch
Publisher: Springer
ISBN: 1349128848
Category : Business & Economics
Languages : en
Pages : 437
Get Book Here
Book Description
The integration of market economies is one of the most remarkable features of international economics, which has important implications for macroeconomic performance in open economies. Equally important is the declining relevance of the real versus the monetary theory dichotomy. These papers focus on those aspects of monetary policy which relate to credibility and non-neutrality; the domestic adjustment to foreign shocks; the interdependence of open economies and their strategic interactions. An important section is also devoted to the innovative modelling of exchange rate dynamics.
Author: Peijie Wang
Publisher: Routledge
ISBN: 1134591128
Category : Business & Economics
Languages : en
Pages : 193
Get Book Here
Book Description
This book which provides an overview of contemporary topics related to the modelling of financial time series, is set against a backdrop of rapid expansions of interest in both the models themselves and the financial problems to which they are applied. This excellent textbook covers all the major developments in the area in recent years in an informative as well as succinct way. Refreshingly, every chapter has a section of two or more examples and a section of empirical literature, offering the reader the opportunity to practice the kind of research going on in the area. This approach helps the reader develop interest, confidence and momentum in learning contemporary econometric topics
Author: Mr.Jiaqian Chen
Publisher: International Monetary Fund
ISBN: 151352786X
Category : Business & Economics
Languages : en
Pages : 28
Get Book Here
Book Description
We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering techniques. It also produces smaller out-of-sample forecast errors for inflation. At the same time, however, our results suggest caution in basing policy decisions on output gap estimates.
Author: Christian C. Starck
Publisher: Suomen Pankki
ISBN: 9789516862418
Category : Business cycles
Languages : en
Pages : 244
Get Book Here
Book Description
