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Pregled bibliografske jedinice broj: 1028953

Economic policy implications of the Gibson Law in the Netherlands (1800–2012)


Škare, Marinko; Mošnja-Škare, Lorena
Economic policy implications of the Gibson Law in the Netherlands (1800–2012) // Journal of Policy Modeling, 41 (2019), 5; 926-942 doi:10.1016/j.jpolmod.2019.04.001 (međunarodna recenzija, članak, znanstveni)


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Naslov
Economic policy implications of the Gibson Law in the Netherlands (1800–2012)

Autori
Škare, Marinko ; Mošnja-Škare, Lorena

Izvornik
Journal of Policy Modeling (0161-8938) 41 (2019), 5; 926-942

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Gibson paradox ; Logit model ; Long-run interest rates ; Prices ; The Netherlands

Sažetak
Gibson paradox is one of the most discussed economic phenomena in the literature. As observed by Keynes (1930), the most established empirical fact in economics remains unsolved. This paper investigates the Gibson law in the Netherlands over 1800–2012 focusing on the nature of the paradox. Establishing the presence of the paradox outside Gibson (1923) original research in the United Kingdom brings new light to understanding the paradox true nature. A non-linear analysis (logit) is used to identify the factors behind the paradox in the Netherlands. The results provide support that Gibson paradox is the most established empirical fact (non-linear and multivariate) in economics that has pronounced economic policy implications. Policy makers and central banks significantly affect short-term interest rates influencing long-term rates under the expected rise in interest rates for circulation credits. High purchasing power means better micro and macro liquidity and less demand for circulations credits directing Gibson regime-switching behaviour.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Ustanove:
Sveučilište Jurja Dobrile u Puli

Profili:

Avatar Url Marinko Škare (autor)

Avatar Url Lorena Mošnja-Škare (autor)

Poveznice na cjeloviti tekst rada:

doi www.sciencedirect.com

Citiraj ovu publikaciju:

Škare, Marinko; Mošnja-Škare, Lorena
Economic policy implications of the Gibson Law in the Netherlands (1800–2012) // Journal of Policy Modeling, 41 (2019), 5; 926-942 doi:10.1016/j.jpolmod.2019.04.001 (međunarodna recenzija, članak, znanstveni)
Škare, M. & Mošnja-Škare, L. (2019) Economic policy implications of the Gibson Law in the Netherlands (1800–2012). Journal of Policy Modeling, 41 (5), 926-942 doi:10.1016/j.jpolmod.2019.04.001.
@article{article, year = {2019}, pages = {926-942}, DOI = {10.1016/j.jpolmod.2019.04.001}, keywords = {Gibson paradox, Logit model, Long-run interest rates, Prices, The Netherlands}, journal = {Journal of Policy Modeling}, doi = {10.1016/j.jpolmod.2019.04.001}, volume = {41}, number = {5}, issn = {0161-8938}, title = {Economic policy implications of the Gibson Law in the Netherlands (1800–2012)}, keyword = {Gibson paradox, Logit model, Long-run interest rates, Prices, The Netherlands} }
@article{article, year = {2019}, pages = {926-942}, DOI = {10.1016/j.jpolmod.2019.04.001}, keywords = {Gibson paradox, Logit model, Long-run interest rates, Prices, The Netherlands}, journal = {Journal of Policy Modeling}, doi = {10.1016/j.jpolmod.2019.04.001}, volume = {41}, number = {5}, issn = {0161-8938}, title = {Economic policy implications of the Gibson Law in the Netherlands (1800–2012)}, keyword = {Gibson paradox, Logit model, Long-run interest rates, Prices, The Netherlands} }

Časopis indeksira:


  • Current Contents Connect (CCC)
  • Web of Science Core Collection (WoSCC)
    • Social Science Citation Index (SSCI)
    • SCI-EXP, SSCI i/ili A&HCI
  • Scopus
  • EconLit


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