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We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates and prices, once it is adequately adjusted to account for the scale of transactions, as well as the opportunity cost of holding money. To that end, an extensive long-run...
Persistent link: https://www.econbiz.de/10011445082
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates and prices, once it is adequately adjusted to account for the scale of transactions, as well as the opportunity cost of holding money. To that end, an extensive long-run...
Persistent link: https://www.econbiz.de/10011294297
In this paper we develop a linear, structural, dynamic, econometric model for the high ination period in Brazil. The main goal is to obtain a parsimonious model that accounts for a complex dynamic present in the monetary system during the period describing therelationships among output, ination...
Persistent link: https://www.econbiz.de/10008516681
This paper performs a system cointegration analysis of UK money demand based on real money, real income, the …
Persistent link: https://www.econbiz.de/10005749704
The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly data showed that consumer prices dynamics is explained...
Persistent link: https://www.econbiz.de/10011430889
The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly data showed that consumer prices dynamics is explained...
Persistent link: https://www.econbiz.de/10009491154
The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly data showed that consumer prices dynamics is explained...
Persistent link: https://www.econbiz.de/10009650244
cointegration, developed by Hylleberg, Engle, Granger and You in the beginning of 90-ties. The main hypothesis has been verified … prices (long-run cointegration relationship), which follows the assumptions of the P-star inflation model. The results also …
Persistent link: https://www.econbiz.de/10005113470
multivariate co-integration methodology for the investigation period 1987Q1-2007Q3 of the quarterly observations, we find that the …
Persistent link: https://www.econbiz.de/10008497671
This paper presents an econometric analysis of the demand for the monetary aggregate M1 in Mexico. Using cointegration …
Persistent link: https://www.econbiz.de/10011445093