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Macroeconomic Developments (macroeconomic + development)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting66%
Humanities and Social Sciences33%

Selected Abstracts

CHINA'S RECENT MACROECONOMIC DEVELOPMENTS AND POLICY

ECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 2 2000
CHARLES HARVIE
First page of article [source]

China's Macroeconomic Development: Stages and Nonlinear Convergence

CHINA AND WORLD ECONOMY, Issue 1 2006
Pingyao Lai
E20; E30; E61; F43 Abstract The central theme of this paper is that China's macroeconomic development can be divided into three distinct stages with significant trend changes. Market-oriented reform and opening to the outside world provide main driving forces for the convergence. However, the gradual reform and some inappropriate policies have caused serious ups and downs in China's macroeconomic performance. (Edited by Zhinan Zhang) [source]

The Transmission of US Monetary Policy to the Euro Area,

INTERNATIONAL FINANCE, Issue 1 2010
Stefano Neri
This paper studies how changes in the federal funds rate by the US Federal Reserve affect the eurozone economy. In our analysis, the international transmission mechanism works through movements in the exchange rate, commodity prices, short-term interest rates and the trade balance. We find that an increase in the federal funds rate causes the euro to immediately depreciate, while commodity, and in particular oil, prices decline sharply, reflecting a decline in demand. Lower commodity prices stimulate household consumption in the short run, and the higher aggregate demand induces an expansion of eurozone economic activity. Our results show that the effects of changes in the federal funds rate on commodity prices are greater than previously found in the literature. Our analysis also assesses the likely effects on the eurozone economy of the European Central Bank's (ECB's) own responses to macroeconomic developments. We find that the expansionary effect of lower commodity prices and a depreciated euro on the eurozone economy is partially offset by the ECB increasing short-term nominal interest rates to curb inflationary pressures in an expanding economy. This result highlights the importance of commodity prices and the euro,dollar exchange rate as inputs into European monetary policy-making, as seen, for example, in the Eurosystem staff macroeconomic projections used by the Governing Council to assess the risks to price stability. [source]

The Importance of Actor Cleavages in Negotiating the European Constitution

INTERNATIONAL STUDIES QUARTERLY, Issue 3 2010
Madeleine O. Hosli
This paper aims to explore government preferences and cleavages in the bargaining process on the European Constitution, across the range of 25 EU member states. The study focuses on preferences concerning socioeconomic policymaking and explores whether divisions can be discerned between preferences held by actors according to locations on the left-right policy scale, actors in older as compared to newer EU states, net EU budget positions, domestic rates of support for European integration, and smaller as compared to larger states. The analysis also controls for possible external effects, such as recent domestic macroeconomic developments. Negotiations on the European Constitution are found to be determined less by general transnational left-right divisions, but cleavages according to the length of EU membership and the size of EU member states. [source]

BBVA-ARIES: a forecasting and simulation model for EMU

JOURNAL OF FORECASTING, Issue 5 2003
Fernando C. Ballabriga
Abstract This paper describes the BBVA-ARIES, a Bayesian vector autoregression (BVAR) for the European Economic and Monetary Union (EMU). In addition to providing EMU-wide growth and inflation forecasts, the model provides an assessment of the interactions between key EMU macroeconomic variables and external ones, such as world GDP or commodity prices. A comparison of the forecasts generated by the model and those of private analysts and public institutions reveals a very positive balance in favour of the model. For their part, the simulations allow us to assess the potential macroeconomic effects of macroeconomic developments in the EMU.,Copyright © 2003 John Wiley & Sons, Ltd. [source]