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inflation. The results also suggest that a disequilibrium in the money market has a lasting impact on inflation. The paper …
Persistent link: https://www.econbiz.de/10005825934
money in forecasting euro-area inflation. We compare the predictive performance within and among various classes of … contains relevant information for inflation in some model classes. Money-based New Keynesian DSGE models and VARs incorporating …
Persistent link: https://www.econbiz.de/10005826669
This paper investigates inflation dynamics in Sudan using three different approaches: the single equation model, the …-conflict country that uses these three separate techniques to understand inflation dynamics. The use of these approaches is … inflation with 18-24 months time lag. …
Persistent link: https://www.econbiz.de/10005768738
Monetary aggregates continue to play an important role in the ECB's policy strategy. This paper revisits the case for money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non-monetary factors alone may leave the ECB with an incomplete...
Persistent link: https://www.econbiz.de/10005599686
Credibility and financing problems are important reasons why countries may seek to involve external institutions in the design and implementation of stabilization programs. In particular, governments may rely on external institutions to ‘enforce’ programs that would otherwise lack...
Persistent link: https://www.econbiz.de/10005599774
This paper examines the relative importance of monetary factors and structuralist supply-side factors for inflation in … Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the … that monetary factors have played a dominant role in recent inflation, affecting inflation with a lag of about one year …
Persistent link: https://www.econbiz.de/10005604974
This paper presents an empirical investigation of inflation dynamics in Libya over the period 1964–2010, using … cointegration and error correction models. While inflation inertia is found to be a key determinant of consumer price inflation, the … econometric results indicate that government spending, money supply growth, global inflation, and exchange rate pass-through play …
Persistent link: https://www.econbiz.de/10011142009
finds that higher credit-to-GDP ratios are associated with stronger creditor rights and lower inflation, and that the … marginal effect of improvements in creditor rights protection is declining as the rate of inflation increases. The analysis … suggests that in a high inflation environment, controlling inflation and reducing macroeconomic volatility should be given …
Persistent link: https://www.econbiz.de/10005248198
some of the area's institutional features, which may impart considerable persistence to area-wide inflation, caution … against shifting to conventional inflation targeting. But the time series evidence also seems to point to a relatively loose … connection between variations in nominal money growth and inflation in the short to medium run. As a consequence, effective …
Persistent link: https://www.econbiz.de/10005264049
policy has a strong and statistically significant impact on broad money, non-oil activity, and inflation in the GCC region …
Persistent link: https://www.econbiz.de/10010878414