Econometrics
A Primer on VAR, SVAR and Local Projections
What is the dynamic effect of monetary policy on output and prices? This is a common question asked…
What is the dynamic effect of monetary policy on output and prices? This is a common question asked…
1. Introduction to the Elasticity Approach The Elasticity Approach is a traditional theor…
The Monetary Approach to the Balance of Payments (MABOP) views the BOP as a reflection of monetary …
Key Takeaways The current account deficit (CAD) reflects a country spending more on impo…
The Balance of Payments (BOP) is a systematic record of all economic transactions between a countr…
A currency crisis refers to a situation in which there is a significant and rapid depreciation in …
Central banks intervene in the foreign exchange market to control the value of their currency. Thes…