A Differentially Fed Magneto-Electric Dipole Antenna with a Simple Structure
In: IEEE antennas & propagation magazine, Band 55, Heft 5, S. 74-84
ISSN: 1558-4143
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In: IEEE antennas & propagation magazine, Band 55, Heft 5, S. 74-84
ISSN: 1558-4143
In: IMF Working Paper No. 14/75
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Working paper
In: Pacific economic review, Band 17, Heft 1, S. 106-135
ISSN: 1468-0106
AbstractThis paper develops a multilevel structural factor model to study international output comovement and its underlying driving forces. Our method combines a structural vector autoregression with a multilevel factor model, which helps us understand the economic meaning of the estimated factors. Using quarterly data of real GDP growth covering 9 emerging Asian economies and G‐7 countries, we estimate a global supply factor, a global demand factor, and group supply and demand factors for each group of the economies. We find that although the role of the global factors has intensified over the past 15 years for most of the economies, output fluctuations in Asia have remained less synchronized with the global factor than those in the industrial countries. The Asian regional factors have become increasingly important in tightening the interdependence within the region over time. Therefore, although emerging Asian economies cannot 'decouple' completely from the advanced economies, they have, nonetheless, sustained a strong independent cycle among themselves. We also find that synchronized supply shocks contributed more to the observed synchronization in output fluctuations among the Asian economies than demand shocks. This points to the role of productivity enhancement and transmission of other supply shocks through, for example, vertical trade integration, rather than dependence on external demand, as the primary source of business cycle synchronization in emerging Asia.
In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 06/2011
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In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 34/2011
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In: IMF Working Papers
China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stability of the money demand function (MDF) in light of progress in financial sector reforms that, for example, have resulted in significant financial innovation (so-called shadow banking) and more liberalized interest rates. The analysis of international experience suggests that rapid development of the financial system often leads to structural shifts in the MDF. For example, financial innovation and liberalization alter the sensitivity of
In: IMF Working Paper No. 16/106
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In: Journal of international economics, Band 96, Heft 2, S. 266-288
ISSN: 0022-1996
In: Journal of International Economics, Forthcoming
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In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 17/2012
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In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 04/2012
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In: INSEAD Working Paper No. 2011/130/EPS
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In: JME-D-23-00236
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In: China economic review, Band 23, Heft 4, S. 763-775
ISSN: 1043-951X
In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 10/2010
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