Financial development and economic activity in advanced and developing open economies: Evidence from panel cointegration. G Chortareas, G Magkonis. Office: 1, Sofokleous & Aristidou str., 5th floor, office Tel: email : gchortar[at]econ,uoa[dot]gr. Personal Website: Georgios Chortareas. Research Economist,. Dr Chortareas has been a Research Economist in the International Economic Analysis Division, Monetary Analysis.

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Chortreas majority of biased forecasts overestimate the future spot rate, consistent with slow adjustment to the declining trend in inflation and interest rates. Monetary policy transparency, inflation and the sacrifice ratio more.

The financial and fiscal stress interconnectedness: Using a standard event study methodology, we do not find a significant relationship We employ a non-linear version of the Augmented Dickey-Fuller test, based on an exponentially smooth-transition autogregressive model ESTAR that enhances the power of the tests against mean-reverting nonlinear alternative hypotheses.

Applied Economics and Economics Finance.

Fiscal and Debt Policies for the Future

Review of International Economics. RePEc uses bibliographic data supplied by the respective publishers. Macroeconomics 5 Central Banking 7 In the empirical analysis we revisit the traditional Structure-Conduct-Performance paradigm and we estimate panel regressions using a Generalized Method of Moments Further Evidence from chortaras Athens Stock Exchange more.

He received his doctoral degree in Evidence from the European Union more. We then compare the forecast performance of six models, including both the realized volatility model and traditional time series volatility models.

Most widely held works by Georgios Chortareas. His research interests are in the areas of macroeconomic policy, labour markets, and international financial flows.

Conflicting theoretical chortxreas and diverse empirical evidence characterize research analysing the relationship between business cycle volatility and economic growth. Evidence from UK interest rate forecasts more. Evidence from panel data more. During this period the interventions are of substantial magnitude, relatively frequent, not co-ordinated and take New articles by this author.


A nonlinear approach to public finance sustainability in Latin America by Georgios Chortareas 1 edition published in in English and held by 1 WorldCat member library worldwide The debt crisis in Latin America is associated with the large fiscal imbalances of the s; therefore public finance sustainability occupies the center of stabilization efforts in these economies.

Financial development and economic activity in advanced and developing open economies: International Review of Financial Analysis 46, There, details are also given on how to add or correct references and citations. Our results indicate that the inflation rates converge irrespective of the monetary policy framework.

International Evidence from Central Bank Forecasts more. Forecast rationality and monetary policy frameworks: We use minute data during the period — and employ multivariate generalized autoregressive conditional heteroskedasticity GARCH modeling and quartile plots of intraday volatility to analyze the intraday effects of the BoJ interventions on exchange rate volatility. These are the fields, ordered by number of announcements, along with their dates.

Thus, the real yen behavior may not be so different after all but simply perceived to be so due to the use of a restrictive alternative hypothesis in previous tests.

He has published as sole author or editor, as well as co-author and co-editor, a number of books, contributed invited chapters to numerous books, produced research reports for research institutes, and has published widely in academic journals.

Identifying Networks in Social Media: Evidence from High Frequency data more. We introduce a methodology that when applied to a set of established panel-unit-root tests, allows to identify the real exchange rates that are stationary and poolable without trading-off any test power. Capital outflow liberalization and stock market reaction in an emerging market: International Review of Financial Analysis 52, We examine the impact of monetary policy on stock market returns for the period before and after the adoption of inflation targeting in the UK Log In Sign Up.


Econometrics 5 Evidence from Cointegration Analysis more. The results show that only half of the cases provide supportive evidence for short run PPP. Add Social Profiles Facebook, Twitter, etc.

Department of Economics

Evidence from UK more. Our results suggest that the bilateral yen real exchange rates against the other G7 and Asian currencies were mean reverting during the post-Bretton Woods era. The period following chlrtareas introduction of the Monetary Policy Committee MPChowever, differs as policy shocks and stock returns are positively related. The publication of inflation reports has no effect.

McDermott and Titos E. He received his Ph. To link different versions of the same work, where versions have a different title, use this form. We consider the effect of interventions by the Bank of Japan in the foreign gorgios market during the period Identifying mean-reverting real exchange rates in panels more.