Journal of Economic Studies: Volume 42 Issue 5

Real wages and monetary policy: a DSGE approach

Bryan Perry, Kerk Phillips, David E. Spencer

Studies of the cyclical behavior of real wages have identified monetary shocks and examined the response of real wages and output or employment. A finding that real wages are…

Empirical appraisal of fiscal stability: the case of Ghana

Nana Kwame Akosah

The purpose of this paper is to appraise the stability of Ghana’s fiscal policy by assessing government’s reaction in the past to rising public debt over the last three decades…

Agent-based risk management – a regulatory approach to financial markets

Thomas Theobald

The purpose of this paper is to provide market risk calculation for an equity-based trading portfolio. Instead of relying on the purely stochastic internal model method which…

Income inequality and the composition of public debt

Nisreen Salti

The purpose of this paper is to examine the redistributive effect of domestic public debt: lenders to the government lie on the higher end of the income distribution, but the…

Empirical evidence on fiscal forecasting in Eurozone countries

Joseph David Barroso Vasconcelos de Deus, Helder Ferreira de Mendonça

The purpose of this paper is to contribute to the literature on the determinant factors of government budget balance forecast errors for Eurozone countries based on four different…

The determinants of Vietnamese banks’ lending behavior: A theoretical model and empirical evidence

Delpachitra Sarath, Dai Van Pham

– The purpose of this paper is to theoretically and empirically examine the lending behavior of Vietnamese banks.

The laffer curve and the debt-growth link in low-income Sub-Saharan African economies

Kelbesa Abdisa Megersa

The study of the link between debt and growth has been full of debates, both in theory and empirics. However, there is a growing consensus that the relationship is sensitive to…

Monetary policy surprises and jumps in interest rates: evidence from Brazil

Roberto Meurer, André A.P. Santos, Douglas E. Turatti

The purpose of this paper is to consider a monetary-jump model to measure the contribution of jumps to the total volatility of interest rates in the Brazilian interbank market and…

Even education has its limits: closing the wage gap

Gil S. Epstein, Dalit Gafni, Erez Siniver

Economic outcomes are compared for university graduates in Israel belonging to four different ethnic groups. A unique data set is used that includes all individuals who graduated…