Showing 1 - 10 of 1,174
This paper presents a simple structural model of inflation adapted for Nigeria based on the methodology of Berg, Karam …
Persistent link: https://www.econbiz.de/10011244544
The paper discusses the purpose, properties, and theoretical foundations of various indicators of inflation and also …
Persistent link: https://www.econbiz.de/10011245099
This paper explores the role of exchange rates in emerging economies with inflation-targeting regimes, an issue that … has become especially germane during the current episode of financial turmoil and volatile capital flows. Under inflation … targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little …
Persistent link: https://www.econbiz.de/10011245907
-fledged inflation targeting, (vi) implicit price stability anchor, and (vii) inflation targeting lite. This taxonomy captures the … financial and economic development and recent inflation history. …
Persistent link: https://www.econbiz.de/10005248145
This paper presents a comprehensive econometric analysis of the determinants of deflation in Hong Kong SAR. The analysis helps to determine the relative contributions of factors such as increased productivity, scarce money supply, and excess capacity in determining deflation. The main conclusion...
Persistent link: https://www.econbiz.de/10005248268
This paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the … inflation, albeit with a larger role played by the money gap. There is no significant evidence of asymmetry in the relationship. …
Persistent link: https://www.econbiz.de/10005263752
Modifications to Japan's monetary policy framework will be needed as positive inflation resumes because the current … an "anti-deflation" objective to an inflation objective, complemented by a shift of monetary operations from a …
Persistent link: https://www.econbiz.de/10005263789
This paper revisits the usefulness of econometric monetary analysis in low-income countries in a case study on Rwanda, an interesting case given its floating exchange rate and reliance on indirect monetary policy instruments on the one hand, and its somewhat typical data and institutional...
Persistent link: https://www.econbiz.de/10005263938
Is it beneficial for a country's currency to be used internationally? And, if so, can we quantify the benefit? Since the emergence of the euro, there has been great interest in the consequences of a transfer of the US dollar's premier international role to the euro. Building on recent...
Persistent link: https://www.econbiz.de/10005263955
inflation when there is no perceived commitment to reduce the fiscal deficit. The model is based on a modified version of the … current consumption leads to an equal increase in inflation. The timing of this increase varies with the size of the deficit … inflation. Three policy conclusions are offered. …
Persistent link: https://www.econbiz.de/10005263970