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Canaries and Vultures: A Quantitative History of Monetary Mismanagement in Brazil

Albuquerque, Pedro H.; Gouvea, Solange - EconWPA - 2005

During the last two decades of the twentieth century, Brazil went through a sequence of failed stabilization plans that tried to cope with an enduring hyperinflation. This paper uses a money demand model to evaluate monetary policies during those episodes. The consistency between the money...

Persistent link: https://www.econbiz.de/10005124863

The Behavior of Money and Other Economic Variables: Two Natural Experiments

Lothian, James R.; McCarthy, Cornelia H. - EconWPA - 2003

Persistent link: https://www.econbiz.de/10005124948

IS INFLATION ALWAYS AND EVERYWHERE A NON-MONETARY PHENOMENON: EVIDENCE FROM UGANDA

David, KIHANGIRE Asiimwe; Albert, MUGYENYI - EconWPA - 2005

This paper examines the determinants of Uganda’s inflation rate during 1994M7-2005M6. We test the central hypothesis … that Uganda’s inflation rate is always and everywhere a non-monetary phenomenon. A theoretical background relating … inflation to monetary and other non-monetary factors is first analyzed before a detailed empirical analysis is done. We apply …

Persistent link: https://www.econbiz.de/10005125496

Whose Inflation? A Characterization of the CPI Plutocratic Gap

Ley, Eduardo - EconWPA - 2001

Prais (1958) showed that the standard CPI computed by most statistical agencies can be interpreted as a weighted average of household price indexes, where the weight of each household is determined by its total expenditures. In this paper, we analytically decompose the difference between the...

Persistent link: https://www.econbiz.de/10005125974

Output Changes and Inflationary Bias in Transition

Filer, Randall K.; Hanousek, Jan - EconWPA - 2001

Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment …

Persistent link: https://www.econbiz.de/10005126136

New Keynesian Models and the Kydland and Prescott Test

Paez-Farrell, Juan - EconWPA - 2004

This paper evaluates New Keynesian models using RBC methods for a number of key macroeconomic variables. Its main findings are that the NK model provides a good description of the behaviour of real variables but performs very poorly when nominal variables are considered. The latter result is...

Persistent link: https://www.econbiz.de/10005126239