Narrow search
Showing 1 - 10 of 117
Cover Image
Stable price level and changing prices
Suvanto, Antti; Hukkinen, Juhana - EconWPA - 2005
. This was a period of very low inflation. The rate of growth in the aggregate price level was occasionally very close to … inflation. The declining prices cannot, however, be explained by lack of demand or any generalized deflationary tendencies … develops a new method for looking at the composition of inflation and illustrating how relative price dynamics interact with …
Persistent link: https://www.econbiz.de/10005412660
Cover Image
Who Controls the Price Level?
Erdogdu, Oya S. - EconWPA - 2003
Under the guidance of monetarist theory and the issue of dominance, this study is a survey of a rapidly growing literature on Fiscal Theory of Price Level, which opens up new horizons in a non –Ricardian world and questions the effectiveness of monetary policy on price level determination.
Persistent link: https://www.econbiz.de/10005561347
Cover Image
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
Cover Image
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
Cover Image
The function of the central bank
Stanners, Walter - EconWPA - 2002
The general view of the media, bankers, business and politicians, not noticeably contradicted by academics, is that one of the main functions, or the main function, of the central bank is to analyse the progress of the economy, and then to steer it with skilful judgement towards health and...
Persistent link: https://www.econbiz.de/10005561324
Cover Image
Albanian Political-Economics: Albanian Political-Economics: Consequences of a Clan Culture
Gërxhani, Klarita; Schram, Arthur - EconWPA - 2004
market system, to wit, Albania. It is argued that the politico-economic system there is characterized by the existence of …
Persistent link: https://www.econbiz.de/10005556040
Cover Image
EXPECTATIONS AND ADJUSTMENTS IN THE MONETARY SECTOR
Feige, Edgar L. - EconWPA - 2005
This paper examines the problem of appropriately specifying and estimating the money demand function in the presence of adaptive expectations and partial adjustment mechanisms. The paper demonstrates the difficulty of interpreting distributed lag reduced form representations of the monetary...
Persistent link: https://www.econbiz.de/10005076678
Cover Image
ALTERNATIVE TEMPORAL CROSS-SECTION SPECIFICATIONS OF THE DEMAND FOR DEMAND DEPOSITS
Feige, Edgar L. - EconWPA - 2005
This paper examines a broad set of alternative temporal cross- section specifications of the demand for money as a means of estimating the degree of substitution between demand deposits and other liquid assets. Despite differences in data bases, model specifications and estimation techniques,...
Persistent link: https://www.econbiz.de/10005076813
Cover Image
The Theory of Monetary Aggregation (book front matter)
Barnett, William; Serletis, Apostolos; Diewert, W. Erwin - EconWPA - 2005
This is the front matter from the book, William A. Barnett and Apostolos Serletis (eds.), The Theory of Monetary Aggregation, published in 2000 by Elsevier in its Contributions to Economic Anaysis mongraph series. The front matter includes the Table of Contents and the Introduction by Barnett...
Persistent link: https://www.econbiz.de/10005125027
Cover Image
Currency preferences and the Australian dollar
Kingston, Geoffrey; Melecky, Martin - EconWPA - 2005
We investigate the theory and empirics of currency substitution and currency complementarity. Analytical tractability is facilitated by focussing on a small currency. Data spanning 1985 to the turn of the century contain evidence of the Australian dollar’s substitution for the mark and...
Persistent link: https://www.econbiz.de/10005125493