Grievance 发表于 2025-3-28 18:40:08
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Renato Paro,Ueli Grossniklaus,Raffaella Santoro,Anton Wutzining the NRC: ‘Dutch disease’ models (Sachs & Warner, 1999), rent-seeking phenomena (Tornell & Lane, 2000), and institutional explanations (Sachs & Warner, 1995, 2001). However, the empirical findings from these studies are still far from conclusive.Cerumen 发表于 2025-3-29 06:10:24
Renato Paro,Ueli Grossniklaus,Raffaella Santoro,Anton Wutzeed to insure a country against balance of payments risks. This is evident in the view of using reserves as an insurance mechanism against sudden stops. For example, Jeanne and Ranciere (2006) argue that reserves can smooth domestic absorption in the event of a sudden stop when debt is not rolled ovemployor 发表于 2025-3-29 10:25:24
Renato Paro,Ueli Grossniklaus,Raffaella Santoro,Anton WutzH dynamic volatility model of Harvey and Chakravarty (2008) and Harvey (2013a) combined with the autoregressive (AR) model, to specify the conditional volatility and mean of yield spreads. Moreover, we use a Markov regime switching AR model for the yield spread that identifies high- and low-volatiliConstrain 发表于 2025-3-29 13:17:13
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