International Macroeconomics and Finance: Theory and Empirical Methods Phần 1 pot

... 8 912 .5 9260.0 1. 0365 10 /16 /98 0.8948 0.86 61 0 .10 88 13 600.0 22860.0 1. 0330 11 /17 /98 0.8498 0.8244 -0.0450 -5625.0 17 235.0 1. 0308 12 /17 /98 0.8 815 0.8596 0.0 317 3962.5 211 97.5 1. 0254 01/ 19/99 0.8976 ... 1. 0254 01/ 19/99 0.8976 0.8790 0. 016 1 2 012 .5 23 210 .0 1. 0 211 02 /17 /99 0.8524 0.84 01 -0.0452 -5650.0 17 560.0 1. 014 6 03 /17 /99 0.8575 0.8463 0....

Ngày tải lên: 05/08/2014, 13:20

... b 11 ∆q t 1 + b 12 ∆f t 1 + r 11 z t 1 + u qt = a 11 ∆q t 1 + a 12 z t 1 + a 13 z t−2 + u qt , where a 11 = b 11 + b 12 β ,a 12 = r 11 − b 12 β ,anda 13 = b 12 β . Similarly, substitute(46)⇒ f t 1 out ... 0.842 50 12 0.0 01 1. 014 -0.5 31 0.826 -0. 614 0. 818 60 13 0.0 01 1. 011 -0.527 0. 810 -0.598 0.780 70 13 0.000 1. 008 -0.524 0.798 -0.587 0.7 51...

Ngày tải lên: 24/03/2014, 04:20

... equation " ∆q t ∆f t # = " r 11 r 12 r 21 r 22 #" q t 1 f t 1 # − " b 11 b 12 b 21 b 22 #" ∆q t 1 ∆f t 1 # + " u qt u ft # , (2.94) where " r 11 r 12 r 21 r 22 # = " a 11 + b 11 − 1 a 12 + ... 0.842 50 12 0.0 01 1. 014 -0.5 31 0.826 -0. 614 0. 818 60 13 0.0 01 1. 011 -0.527 0. 810 -0.598 0.780 70 13 0.000 1. 008 -0....

Ngày tải lên: 05/08/2014, 13:20

... =                       a 11 ,1 a 11 ,2 ··· a 11 ,p a 12 ,1 a 12 ,2 ··· a 12 ,p 10 ··· 000··· 0 010 ··· 000··· 0 . . . ··· ··· . . . . . . . . . . . . . . . 0 ··· ·· 10 0 ··· ··· 0 a 21, 1 a 21, 2 ··· a 21, p a 22 ,1 a 22,2 ··· ... is ˜s(ω)=a(e −iω )a(e iω )s(ω). (2 .11 3) 82 CHAPTER 3. THE MONETARY MODEL -12 0 -10 0 -80 -60 -40 -20 0 20 40 60 18 71 188...

Ngày tải lên: 05/08/2014, 13:20

... variables. The 16 possible states of the world are φ 1 =(λ 1 , λ ∗ 1 ,g 1 ,g ∗ 1 ) φ 9 =(λ 2 , λ ∗ 1 ,g 1 ,g ∗ 1 ) φ 2 =(λ 1 , λ ∗ 1 ,g 1 ,g ∗ 2 ) φ 10 =(λ 2 , λ ∗ 1 ,g 1 ,g ∗ 2 ) φ 3 =(λ 1 , λ ∗ 1 ,g 2 ,g ∗ 1 ) ... λ ∗ 1 ,g 2 ,g ∗ 1 ) φ 11 =(λ 2 , λ ∗ 1 ,g 2 ,g ∗ 1 ) φ 4 =(λ 1 , λ ∗ 1 ,g 2 ,g ∗ 2 ) φ 12 =(λ 2 , λ ∗ 1 ,g 2 ,g ∗ 2 ) φ 5 =(λ...

Ngày tải lên: 05/08/2014, 13:20

... spot. 6 .1. DEVIATIONS FROM UIP 17 1 A. US- U K -50 -40 -30 -20 -10 0 10 20 30 40 50 19 76 19 78 19 80 19 82 19 84 19 86 19 88 19 90 19 92 B. US-Germany -30 -20 -10 0 10 20 30 40 50 19 76 19 78 19 80 19 82 19 84 ... 19 84 19 86 19 88 19 90 19 92 C. US-Japan -40 -30 -20 -10 0 10 20 30 40 50 19 76 19 78 19 80 19 82 19 84 19 86 19 88 19 90 19 92 Figure 6...

Ngày tải lên: 05/08/2014, 13:20

... 5.347 1. 8 41 t(β 1 =1) 1. 870 – 2.705 – 2.327 -0.422 β 2 1. 033 – 1. 216 – 1. 222 0. 812 t(β 2 =1) 0 .19 2 – 1. 038 – 1. 4 61 -4.325 Horizon: 12 -months β 1 0. 517 – 3 .10 8 – 5.6 01 1.706 t(β 1 =1) 0.4 21 – 2.400 ... 4.336 -2.360 (0 .14 0) 1. 278 Italy -2. 511 (0 .10 7) 2.580 -1. 855 (0.3 51) 5.709 Japan -2.057 (0.252) 9.2 51 -1. 930 (0. 314 ) 11 . 919 Korea -1. 235...

Ngày tải lên: 05/08/2014, 13:20

... setting f 13 (1) = 0 = c 11 (1) f 13 ,0 + c 12 (1) f 23,0 + c 13 (1) f 33,0 , (8.55) f 12 (1) = 0 = c 11 (1) f 12 ,0 + c 12 (1) f 22,0 + c 13 (1) f 32,0 , (8.56) f 33 (1) = 1 = c 31 (1) f 13 ,0 + c 32 (1) f 23,0 + ... lags and a linear trend. 7.4. LONG-RUN ANALYSES OF REAL EXCHANGE RATES 2 21 -10 0 -80 -60 -40 -20 0 20 40 18 71 1883 18 95 19 07 19 19...

Ngày tải lên: 05/08/2014, 13:20

... home and foreign price levels, (9.4) and (9.9) simplify to P t =[np t (z) 1 θ + (1 n)(S t p ∗ t (z ∗ )) 1 θ ] 1 1−θ , (9 .10 ) P ∗ t =[n(p t (z)/S t ) 1 θ + (1 n)p ∗ t (z ∗ ) 1 θ ] 1 1−θ , (9 .11 ) and ... ⇐ (18 6 -18 7) P t = h np t (z) (1 θ) + (1 n)q t (z ∗ ) (1 θ) i 1 (1 θ) , (9 .12 6) P ∗ t = h nq ∗ t (z) (1 θ) + (1 n)p ∗ t (z ∗ ) (1 θ) i 1 (1 θ) . (9 .12 7) Output i...

Ngày tải lên: 05/08/2014, 13:20

... γd t + (1 γ)r t , (11 .12 ) m t − p t = −αi t , (11 .13 ) p t = s t , (11 .14 ) i t =E t (∆s t +1 ). ( 11 .15 ) Let domestic credit be governed by the random walk d t =(µ − 1 λ )+d t 1 + v t , ( 11 .16 ) where v t is ... 0.865 1. 737 2.6 41 11. 672 franc (69. 01) (83.98) (327 .1) (334.3) (0.0 01) French 0.007 0 .11 7 6.045 2.44 12 .395 franc (0. 318 ) (1. 759) (15 90) (67.88) (0.000...

Ngày tải lên: 05/08/2014, 13:20