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that India's inflation is highly inertial and persistent. Due to second-round effects, the gap between headline inflation …Indian food and fuel inflation has remained high for several years, and second-round effects on core inflation are … model of the Indian economy, which incorporates pass-through from headline inflation to core inflation. The results indicate …
Persistent link: https://www.econbiz.de/10010959475
Some recent studies suggest the possibility of estimating a stable aggregate demand-for-money relationship for the group of countries participating in the European Monetary System. These results are of particular relevance in connection with the task of setting policy targets for a European...
Persistent link: https://www.econbiz.de/10005264074
This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman (1986) and Doan et al. (1984) and review alternative...
Persistent link: https://www.econbiz.de/10005825693
This paper attempts to explain short- and long-term dynamics of-and forecast-inflation in Tajikistan using the Vector … demonstrates that the exchange rate and international inflation have a strong impact on local prices. Available monetary …
Persistent link: https://www.econbiz.de/10008519491
income elasticity of less than unity. Current inflation is found to have a significant negative impact on the real money …
Persistent link: https://www.econbiz.de/10008528622
Persistent link: https://www.econbiz.de/10005590873
This paper develops an approach for forecasting in Thailand core inflation. The key innovation is to anchor the … projections derived from the short-term time-series properties of core inflation to its longer-run evolution. This involves … goodness-of-fit criteria, with an equilibrium-correction model that pins down the convergence of core inflation to its longer …
Persistent link: https://www.econbiz.de/10005605247
from 98 countries, we find strong evidence for cointegration between nominal exchange rates and monetary fundamentals. We …
Persistent link: https://www.econbiz.de/10005263651
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
This paper presents key findings of the Third Review under the Policy Support Instrument (PSI) in Rwanda. Program performance was broadly satisfactory. All end-June quantitative assessment criteria were met. Structural benchmarks were partially met as the pace of implementation of structural...
Persistent link: https://www.econbiz.de/10011244254