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Full-Text Articles in Macroeconomics
Do Oil Price Returns Impact Exchange Rates Fluctuations: Evidence From The Top Four Oil Importing Countries In Asia – China, India, Japan And South Korea, Alexander Nti
Doctoral Dissertations (DBA)
Using daily data obtained from Federal Reserve Bank of St. Louis database, we convert oil price and exchange rates to first difference logarithm to examine the link between oil price and exchange rates. We apply Johansen Cointegration models to examine relationship between the series, and our results indicate the variables are not cointegrated. Augmented Dicky Fuller test indicates that the series are nonstationary at level, but stationary at first difference. Impulse response analysis based on unrestricted vector autoregressive (VAR) yields varying results for the relationship between oil price and exchange rates across the currencies of the four countries considered. Thus, …
Essays On Inequality And Macroeconomic Stability, Thomas Hauner
Essays On Inequality And Macroeconomic Stability, Thomas Hauner
Dissertations, Theses, and Capstone Projects
This dissertation consists of three chapters. . .
Chapter 1: Aggregate Wealth and Its Distribution as Determinants of Financial Crises: Panel Evidence This essay investigates the relationship between wealth inequality and financial crises across a panel of nine advanced economies over the past 100 years. While substantiation of a role for income inequality is ambiguous in the literature, evidence is presented suggesting a unique capacity for the accumulation of assets to increase the likelihood of a future financial crisis episode. Testing long-run panel data with a reduced form, two-way fixed effects model, estimates suggest that increasing wealth inequality, in an …
Cointegration Analysis Of Exports And Imports: The Case Of Pakistan Economy, Sharafat Ali
Cointegration Analysis Of Exports And Imports: The Case Of Pakistan Economy, Sharafat Ali
Sharafat Ali
No abstract provided.