Парични агрегати в икономика в преход : Случаят на България, 1991-1996 : Автореферат /
Recognizing the importance of theoretical analysis for policy decision-making in a transition environment this dissertation studies two measures of liquidity in Bulgaria: the Simple Sum index, and the Divisia index. The main question is whether the data from Bulgaria offer any support for the Simple...
| Основен автор: | Ганев, Георги Йорданов 1967- |
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| Други автори: | Ganev, Georgi Jordanov 1967- |
| Формат: | Книга |
| Език: | Bulgarian |
| Публикувано: |
София,
2011.
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| Предмети: | |
| Онлайн достъп: |
Пълен текст |
| Резюме: |
Recognizing the importance of theoretical analysis for policy decision-making in a transition environment this dissertation studies two measures of liquidity in Bulgaria: the Simple Sum index, and the Divisia index. The main question is whether the data from Bulgaria offer any support for the Simple Sum index versus the Divisia index. A theoretical monetary aggregate for Bulgaria is derived based on an estimated model of consumer and monetary household behavior. Then it compares the two non-parametric indices to decide whether one of them tracks this theoretical aggregate better than the other. All measures used that the Divisia index tracks the theoretical monetary aggregate better than the Simple Sum index. The dissertation then derives and estimates less theoretically demanding vector error correction specifications of two data vectors, and compares the two monetary indices by testing for their significance in both the long and the short run. The long run analysis gives a definite support for the Divisia monetary index, while the short run analysis is generally inconclusive. |
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| Описание на библ. документ: |
Кор. опис. |
| Физически характеристики: |
30 с. : с табл. ; 21 см. |