scholarly journals The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy

2003 ◽  
Author(s):  
Mordecai Kurz ◽  
Hehui Jin ◽  
Maurizio Motolese
Keyword(s):  
Monetary Policy ◽  
Economic Fluctuations

scholarly journals Determinants of foreign exchange reserves in Serbia and North Macedonia

2020 ◽  
Vol 65 (226) ◽  
pp. 103-120
Author(s):  
Mile Bosnjak ◽  
Vlatka Bilas ◽  
Gordana Kordic
Keyword(s):  
Monetary Policy ◽  
Quantile Regression ◽  
Foreign Exchange ◽  
Economic Fluctuations ◽  
Foreign Exchange Reserves ◽  
Quarterly Data ◽  
Regression Approach

This paper employs a quantile regression approach to explore the determinants and properties of international foreign exchange reserves in Serbia and North Macedonia, at various foreign exchange levels. The observed period covers quarterly data for 2005q1-2019q1. The results reveal quantile-dependent determinants of foreign exchange reserves and enable comparison between the two countries, showing co-movements between monetary policy and economic fluctuations. Following the estimates obtained in this research, the paper compares the role of foreign exchange reserves in Serbia and North Macedonia.

scholarly journals The role of expectations in economic fluctuations and the efficacy of monetary policy

2005 ◽  
Vol 29 (11) ◽  
pp. 2017-2065 ◽  
Author(s):  
Mordecai Kurz ◽  
Hehui Jin ◽  
Maurizio Motolese
Keyword(s):  
Monetary Policy ◽  
Economic Fluctuations
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