This paper seeks to advance the discussion of monetary policy strategies in several ways. One involves a comparison of targets for nominal GNP and the price level, with emphasis on specificational robustness and implications for output variability. A second pertains to various “indicator”...

This paper examines the dynamics of the foreign exchange market. The first half addresses a number of key questions regarding the forecasts of future exchange rates made by market participants, by means of updated estimates using survey data. Here we follow most of the theoretical and empirical...

This paper presents three empirical approaches to forecasting inflation in Pakistan. The preferred approach is a leading indicators model in which broad money growth and private sector credit growth help forecast inflation. A univariate approach also yields reasonable forecasts, but seems less...

Die internationale Entwicklungszusammenarbeit kann die Digitalisierung in ihrer Vielfalt nutzen, um ihre Ziele besser und schneller zu erreichen. Mit der Digitalisierung sind aber auch Risiken im Bereich Datenschutz, Arbeitswelt oder Zugang zum Internet verbunden. Wer profitiert von der...