the Recent Success of Some OECD Countries in
Lowering their Unemployment Rates Lie in the Clever Design of their Labour Market
Reforms?, Oxford Economic Papers, 56, 621 - 642.
Bertola, G., Blau, F
by specified dates in the context of periodic reviews.27 This raises the need to adapt
program design to changing global and country economic conditions while preserving
uniformity of treatment. [...]
policies. IMF's technical assistance helps member countries strengthen their capacity to
design and implement effective policies. It is offered in several areas, including fiscal policy,
monetary [...] Mayer, Thomas, “How to deal,” op. cit.
page
14
program supported by financing is designed by the national authorities in close cooperation
with the IMF. Continued financial support is
by specified dates in the context of periodic reviews.27 This raises the need to adapt
program design to changing global and country economic conditions while preserving
uniformity of treatment. [...]
policies. IMF's technical assistance helps member countries strengthen their capacity to
design and implement effective policies. It is offered in several areas, including fiscal policy,
monetary [...] Mayer, Thomas, “How to deal,” op. cit.
page
14
program supported by financing is designed by the national authorities in close cooperation
with the IMF. Continued financial support is
we add the term κht (or κh0.5
t or κln(ht)) to the mean equation (1) to
convert the model to a design of the GARCH-M type proposed by Engle et al. (1987). This modeling is
reasonable since the return [...] countries not strictly comparable. Instead, we follow Lucey
(2001) and use FTSE indices that are designed for comparability and provide an ideal dataset for the
investigation of the return phenomena across [...] findings of Bollerslev et al. (1992) and Hansen and Lunde (2005) that this simple heteroscedasticity design
is sufficient for most financial time series.13
The Ljung-Box test statistics show that the models’
date 2018-08-14T12:01:39Z
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