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Inflation in Pakistan : Money or Wheat?
Khan, Mohsin S - 2006
ABOUT INFLATION? -- V. SUMMARY AND CONCLUSIONS -- References. …
Persistent link: https://www.econbiz.de/10012691177
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The Information Content of Money in Forecasting Euro Area Inflation
Stavrev, Emil - 2008
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/10012677626
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A Note of Caution on the Relation Between Money Growth and Inflation
Berger, Helge - 2023
We assess the bivariate relation between money growth and inflation in the euro area and the United States using hybrid … statistically unstable across time in both regions. The effect of money growth on inflation weakened notably after the 1980s before … maximum impact of money growth on inflation is increasing in the trend level of inflation. These results caution against …
Persistent link: https://www.econbiz.de/10015059375
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Optimal liquidity and economic stability
Linghui Han; Lee, Il Houng - 2012
Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In this process, little attention was paid to the potential spillover of excess...
Persistent link: https://www.econbiz.de/10009615556
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The ECB’s Monetary Analysis Revisited
Berger, Helge - 2008
-- III. Survey of the Theoretical Debate -- IV. The Importance of Money for Inflation Forecasts -- V. Disaggregated Monetary …
Persistent link: https://www.econbiz.de/10012682180
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Monetary Policy Transmission in the GCC Countries
Prasad, Ananthakrishnan; Espinoza, Raphael A. - International Monetary Fund (IMF) - 2012
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
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Fiscal Policy in Pakistan Since 1970
International Monetary Fund (IMF); International … - 1992
the inflation tax. Accordingly, continued effort is likely to be needed to attain a fiscal position that is sustainable …
Persistent link: https://www.econbiz.de/10005248177
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Inflation Performance and Constitutional Central Bank Independence; Evidence From Latin America and the Caribbean
Gutierrez, Eva - International Monetary Fund (IMF) - 2003
This paper explores the relationship between the constitutional entrenchment of central bank independence and inflation … by the "de jure" independence established in the central bank law, and inflation. We argue that the constitution is … constitution have a better inflation performance. …
Persistent link: https://www.econbiz.de/10005248207
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Monetary Policy in an Equilibrium Portfolio Balance Model
Kumhof, Michael; Nieuwerburgh, Stijn van - International Monetary Fund (IMF) - 2007
Standard theory shows that sterilized foreign exchange interventions do not affect equilibrium prices and quantities, and that domestic and foreign currency denominated bonds are perfect substitutes. This paper shows that when fiscal policy is not sufficiently flexible in response to spending...
Persistent link: https://www.econbiz.de/10005248240
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Financial Market Risk and U.S. Money Demand
Cook, David; Choi, Woon Gyu - International Monetary Fund (IMF) - 2007
This paper examines empirically U.S. broad money demand emphasizing the role of financial market risk. We find that money demand rises with the liquidity risk of stock markets or the credit risk of corporate bond markets. After controlling for the effect of financial market risk, money demand...
Persistent link: https://www.econbiz.de/10005248246