Download or read book Economic Modelling at the Banque de France written by Michel Boutillier and published by Routledge. This book was released on 2003-09-02 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists at the Bank of France analyse causes and consequences of French monetary policy and financial deregulation during the 1980s. Using the latest econometric techniques, they demonstrate a strategy that the UK is still hesitating to fully adopt. These essays, never published in English before, offer a comprehensive and authoritative analysis.
Download or read book Economic Modelling at the Banque de France written by Michel Boutillier and published by Routledge. This book was released on 2003-09-02 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists at the Bank of France analyse causes and consequences of French monetary policy and financial deregulation during the 1980s. Using the latest econometric techniques, they demonstrate a strategy that the UK is still hesitating to fully adopt. These essays, never published in English before, offer a comprehensive and authoritative analysis.
Download or read book Economic Modelling at the Banque de France written by Michel Boutillier and published by . This book was released on 1996 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Modelling at the Bank of France written by Michel Boutillier and published by Chapman & Hall. This book was released on 1997 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Econometric Models of the Euro area Central Banks written by Gabriel Fagan and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a description of the main macroeconomic models used by the European Central Bank and the euro area national central banks (Eurosystem). These models are used to help prepare economic projections and scenario analysis for individual countries and the euro area as a whole. The volume takes stock of the current macroeconometric modelling infrastructure available within the Eurosystem, highlighting not only the structures and main features of the models used but also their purposes and underlying model-building philosophies. A bird s eye view of the key details of the design, structure and characteristics of the models is provided, along with information on the responses of these models to a series of standard economic and policy shocks. This is the first time that a comprehensive description and systematic comparison of the main macroeconomic models has been published. This book will be of great interest to Central Bank and government economists, as well as academics, economists and students with an interest in central banking, econometric modelling, forecasting and macroeconomic policy.
Download or read book Analysing the Structure of Economic Models written by J.P. Ancot and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the structure of a large econometric model is rather like the art of winetasting or like the art of playing a musical instrument. The quality of a wine results from a complex combination of various elements such as its colour which should be clear and crystalline, its smell which can be decomposed into a general aroma and a variety of particular characteristics, more or less persistent depending on the type and the age of the wine, its taste, of course, which again is a complex system whose equilibrium and charm depend on the whole set of ingredients: alcohol, tannin, glycerine, sugar, acidity . . . Similarly, a clarinetist's musicianship depends on the quality of his instrument, on his embouchure, fingering, tonguing and articu lation techniques, on his sense for rhythm, phasing and tone colour. However, the enchantment produced by a Romanee-Conti or by a brilliant performance of Brahm's F minor sonata for clarinet and piano arises from a process which is at the same time time much simpler and much more complex than the straightforward juxtaposition of individual causal relations. In recent years econometricians and macro-economists have been challenged by the problem of keeping abreast with an ever increasing number of increasingly more complex large econometric models. The necessity of developing systematic analytical tools to study the often implicit and hidden structure of these models has become more evident.
Download or read book Banking in the New Europe written by Edward P.M. Gardener and published by Springer. This book was released on 2002-10-02 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: The completion of the European Single Market Programme (SMP) and the launch of 'Euroland' are bold statements on the European Union and its future. Within this economic process, the particular importance of the banking and financial services sectors is widely emphasized. This collection explores the strategic impact of the Single Market Programme and European Monetary Union on European banks and banking systems. The contributors examine eleven banking systems: Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal, Spain and the United Kingdom. Thoroughly up-to-date and with a common thematic overview of major trends in European banking systems, this book covers key strategic developments, structural changes, performance trends and strategies.
Download or read book Convergence or Divergence in Europe written by Olivier de Bandt and published by Springer Science & Business Media. This book was released on 2006-09-28 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Against the background of the introduction of the Euro in 1999, France, Germany and Italy have recently experienced higher divergence in terms of GDP growth. Based on a set of original papers produced by a team of economists from the three main National Central Banks of the Euro area this book analyses the latest developments in three important European economies in a broad perspective, using modern econometric techniques.
Download or read book Macroeconomic Modelling Economic Policy and Methodology written by Mikael Randrup Byrialsen and published by Taylor & Francis. This book was released on 2022-10-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE (dynamic stochastic general equilibrium) models, this book presents the cutting edge in macroeconomic modelling, economic policy, and methodology from the perspective of heterodox economic thinking. The first part of the book explores methodological issues, advocating for a stronger ethical consideration in macroeconomics and for the adoption of a strategy of pluralism to ensure that macroeconomic theory is capable of adapting to real-world issues. The second part highlights recent trends in empirical Stock-Flow Consistent models by collecting a group of the most well-developed empirical models of five different economies: the Danish, the Dutch, the French, the Italian, and the Argentinian models. In all five cases, the models are used to discuss various policy aspects of the individual economies. Finally, the book explores issues of macroeconomic policy which are largely neglected by mainstream economists including financial (in)stability and macro imbalances. The book emphasizes the need for investigating sectoral balances, which are crucial elements for investigating imbalances from the heterodox perspective. This book will be of significant interest to students and scholars of macroeconomics, economic modelling, economic methodology and heterodox economics more broadly.
Download or read book New Estimate of the MIBA Forecasting Model written by Matteo Mogliani and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Budgetary Policy Modelling written by Pantelis Capros and published by Routledge. This book was released on 2005-11 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Budgetary policy plays an increasingly central role in modern economies. This volume explores different approaches to modelling this crucial area.
Download or read book From Direct to Indirect Monetary Policy Instruments written by Mr.Marc Quintyn and published by International Monetary Fund. This book was released on 1991-03-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: If not carefully planned, the transition to indirect monetary policy instruments may result in a loss of control. The 1967-71 attempt in France failed because of a misconceived instrument-mix and sequencing. Credit controls, reintroduced in 1972, were only formally abolished in 1987. This paper attributes the successful 1987 reform to changes in the policy framework in the 1980s. The interest rate was already the key instrument because direct controls became less effective and because of the priority given to the exchange rate objective. Consequently, the 1987 transition was from pegging to guiding the interest rates. Empirical evidence underpins this interpretation.
Download or read book Controlling Credit written by Eric Monnet and published by Cambridge University Press. This book was released on 2018-11-15 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monnet analyzes monetary and central bank policy during the mid-twentieth century through close examination of the Banque de France.
Download or read book Dynamic Asset Pricing Theory written by Darrell Duffie and published by Princeton University Press. This book was released on 2010-01-27 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a thoroughly updated edition of Dynamic Asset Pricing Theory, the standard text for doctoral students and researchers on the theory of asset pricing and portfolio selection in multiperiod settings under uncertainty. The asset pricing results are based on the three increasingly restrictive assumptions: absence of arbitrage, single-agent optimality, and equilibrium. These results are unified with two key concepts, state prices and martingales. Technicalities are given relatively little emphasis, so as to draw connections between these concepts and to make plain the similarities between discrete and continuous-time models. Readers will be particularly intrigued by this latest edition's most significant new feature: a chapter on corporate securities that offers alternative approaches to the valuation of corporate debt. Also, while much of the continuous-time portion of the theory is based on Brownian motion, this third edition introduces jumps--for example, those associated with Poisson arrivals--in order to accommodate surprise events such as bond defaults. Applications include term-structure models, derivative valuation, and hedging methods. Numerical methods covered include Monte Carlo simulation and finite-difference solutions for partial differential equations. Each chapter provides extensive problem exercises and notes to the literature. A system of appendixes reviews the necessary mathematical concepts. And references have been updated throughout. With this new edition, Dynamic Asset Pricing Theory remains at the head of the field.
Download or read book Housing Markets in Europe written by Olivier de Bandt and published by Springer Science & Business Media. This book was released on 2010-10-14 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the recession in the years 2008-2009, the most severe for mature economies in the post-war period, housing markets were often mentioned as having a special responsibility. The objective of this book is to shed light on the cyclical behaviour of the housing markets, its fundamental determinants in terms of supply and demand characteristics, and its relationship with the overall business cycle. The co-movements of house prices across countries are also considered, as well as the channel of transmission of house price changes to the rest of the economy. Particular attention is paid to the effects on private consumption, through possible wealth effects. The book is a compilation of original papers produced by economists and researchers from the four main national central banks in the euro area, also with the participation of leading academics.
Download or read book Policy Analysis in France written by Charlotte Halpern and published by Policy Press. This book was released on 2018-01-03 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policy analysis in France lays the foundation for a more systematic understanding of policy analysis in the country. In doing so, the volume discusses the role of the State and its restructuring, processes of government and governance, and State-Society relationships and policies as both a process and an outcome. Through 18 chapters contributions focus on policymakers, their practices, ideas and discourses, how they engage in sustained relationships with a large variety of market and society actors, and the concrete devices they use in order to make policy objectives operational. This is a comprehensive study of policy analysis in France that will be valuable to academics and postgraduate students researching and studying a range of policy and public management areas.
Download or read book The Monetary Economics of Europe written by Christopher Johnson and published by Fairleigh Dickinson Univ Press. This book was released on 1994 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on research commissioned by the European Parliament, this volume allows the economists contributing to offer their own explanations for the collapse of the European Monetary System, with the use of economic models.
