An artificial neural network (hence after, ANN) is an information processing paradigm that is inspired by the way biological nervous systems, such as the brain, process information. In previous two decades, ANN applications in economics and finance; for such tasks as pattern reorganization, and...

This paper tries to evaluate costs and benefits of the dollarization and clears some basic understanding about dollarization. This paper provides the empirical evidence for the determinants of dollarization and finds that underlying vulnerability of economic system leads to dollarization and...

The paper provides time-varying NAIRU estimates for Macedonian economy for the period 1998-2012, which were obtained using Ball and Mankiw (2002) approach and additionally supplemented with iterative procedure proposed by Ball (2009). The results revealed that the Macedonian NAIRU has the...

This paper primarily investigates and examines the relationship between money supply growth and inflation in Zimbabwe. The theoretical analysis is based on a modified form of the “Quantity Theory of Money” (QTM) - a theory developed in the classical equilibrium framework- illustrating the...

There are various benefits which countries could derive from the renouncement of a national currency hallmarked by unstable external and internal values. The most evident one is the reduction of a long-term inflation rate. The objective of this paper is to test the hypothesis of the positive...

The calculation used for the inflation-adjustment of debt often produces incorrect results. With Debt and GDP adjusted by the same calculation and for the same inflation, the Debt/GDP ratio after adjustment must be equal to the ratio before adjustment. A graph comparing the ratio of nominals to...

The GCC countries are characterized by a high incidence of foreigners in both the overall population and the labour force as well as by deep inequalities in social and economic terms. These features have influenced the labour market and fuelled mutual tensions and grievances between nationals...

This paper estimates the GDP gap in Venezuela by means of the structural VAR methodology and the Blanchard and Quah decomposition for the period 1999:1-2010:4. We use quarterly data for the inflation rate, real GDP, unemployment rate, and oil prices. We identify fiscal and monetary innovations...

Bangladesh is a densely populated developing country in the Southern Asia. Since the independence in 1971, its main concern is food insecurity. Food production in the country becomes about tripled in 2013 than that was in 1971, but population became more than double. In Bangladesh, about 31.51%...

The monetary unit assumption of financial accounting assumes a stable currency (i.e., constant purchasing power over time). Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I posit that, while the effects of inflation are not...