Indice del volume

2021, Volume 74 - Issue 1

ISSN: 2499-8265
Citationi RSS feed: At RePEc
Data di pubblicazione: 17 febbraio 2021

EFFECTS OF SINO FDI ON THE GROWTH OF SUB-SAHARAN AFRICA

Emmanuel Wiafe, Lucy Anning

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CRUDE OIL PRICE MOVEMENTS AND STOCK TRADING ACTIVITY: EVIDENCE FROM INDONESIA

Indra Darmawan, Dedi Budiman Hakim, Adler Haymans Manurung, Hermanto Siregar

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THE EFFECT OF WATER CONSERVATION ON RESIDENTIAL FRESH WATER CONSUMPTION: EVIDENCE FROM KUWAIT

Ahmad Alawadhi, Sheikha Al-Fulaij, Nadia Al-Musallam, Wafa Awadh, Nadeem A. Burney, Ayele Gelan

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SHORT AND LONG RUN ASYMMETRIC EFFECTS OF MONETARY AND FISCAL POLICY UNCERTAINTY ON ECONOMIC ACTIVITY IN THE U.S.

Goodness C. Aye

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FOREIGN OWNERSHIP AND OPTIMAL DISCRIMINATORY TARIFFS UNDER OLIGOPOLISTIC COMPETITION

Chien- Hui Lee , Jen-Yao Lee, Leonard F.S. Wang

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ACKNOWLEDGEMENT TO REFEREES

Amedeo Amato

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Camera di Commercio di Genova
Economia Internazionale / International Economics

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Autore corrispondente

Goodness C. AYE, Department of Economics, University of Pretoria, Pretoria, South Africa

Short and Long Run Asymmetric Effects of Monetary and Fiscal Policy Uncertainty on Economic Activity in the U.S.

Pagine

83-96

Riassunto

Gli effetti asimmetrici sul breve e lungo periodo dell’incertezza della politica monetaria e fiscale sull’attività economica negli USA

Questo articolo rappresenta un ampliamento della letteratura esistente sugli effetti macroeconomici dell’incertezza nella politica monetaria e fiscale. Vengono esaminati gli effetti di tale incertezza sull’attività economica degli Stati Uniti tramite l’utilizzo di dati mensili relativi al periodo 1985-2017. L’indice della produzione industriale è stato usato come misura dell’attività economica, mentre per misurare l’incertezza è stato fatto riferimento al lavoro di Baker et al. (2016). Per misurare l’asimmetria è stato applicato il modello NARDL (Nonlinear Autoregressive Distributed Lag) che consente di catturare gli effetti positivi e negativi dell’incertezza sia nel breve che nel lungo periodo. Quindi in questo articolo vi è una nuova evidenza di una possibile relazione nonlineare e asimmetrica tra l’incertezza politica e l’attività economica nel breve e lungo periodo. I risultati evidenziano che l’incertezza nella politica monetaria e fiscale condivide una relazione di lungo periodo con l’attività economica. Inoltre, gli effetti dell’incertezza nella politica monetaria e fiscale nel lungo periodo sono asimmetrici. Nel breve periodo invece, effetti asimmetrici si verificano quando vi è incertezza solo nella politica monetaria. Questi risultati hanno importanti implicazioni pratiche e politiche.

Classificazione JEL

C32, E52, E62, F62

Parole chiave

Monetary Policy, Fiscal Policy, Uncertainty, Asymmetry, Nonlinearity, Short Run, Long Run

Indice dell'articolo

  1. Introduction
  2. Data and empirical model
  3. Results
  4. Conclusion

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