Analysis of time varying relationships in multi-country monetary time series. KU Leuven
The main goal of empirical macroeconomics is to understand the relationships between macroeconomic variables, such as the gross domestic product (GDP), inflation and interest rates. This allows for better macroeconomic predictions and helps macroeconomic policy makers to set a sound fiscal and monetary policy. For example, understanding the effect of the short term interest rate on inflation is essential for a central bank, which is ...