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Persistent link: https://www.econbiz.de/10001982872
addition, currency stability and expansionary money supply (M1) growth are other concerns of the BSP, though significantly so …
Persistent link: https://www.econbiz.de/10005561255
Persistent link: https://www.econbiz.de/10002496912
. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation …
Persistent link: https://www.econbiz.de/10005344838
Persistent link: https://www.econbiz.de/10005530990
Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … findings suggest that barter has resulted partly from output losses and partly from a reduction in real money balances, but to … a lesser extent. There is some evidence that the effect of barter on prices is less than that of money. We also find …
Persistent link: https://www.econbiz.de/10005412642
ability of money-based forecasts relative to a simple random walk benchmark model was high at medium-term forecasting horizons …
Persistent link: https://www.econbiz.de/10005222333
In this paper I show that a lax anti-counterfeiting policy is inconsistent with price stability. I use a deterministic matching model with no commitment and no enforcement. An intrinsically worthless but perfectly durable object called a ‘note’ can be produced by banks at a given cost, but...
Persistent link: https://www.econbiz.de/10005222409
Persistent link: https://www.econbiz.de/10005423427
"This paper studies strategic asset allocation and consumption choice in the presence of regime switching in asset … the longer their investment horizon, while the optimal allocation to stocks declines as a function of the investment … returns from the dividend yield give rise to a non-monotonic relationship between the investment horizon and the demand for …
Persistent link: https://www.econbiz.de/10002917579