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This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and … by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during … indicators explaining inflation in Sudan. Inflation forecasts based on both approaches suggest that inflationary pressures for …
Persistent link: https://www.econbiz.de/10012677800
We study the link between central bank independence and inflation by providing narrative and empiricial evidence based …, central banks turned into de facto development banks under the aegis of governments, sawing the seeds for high inflation. It … took the high inflation episodes of the 1970s and 1980s and the associated major decline in real income, and growing social …
Persistent link: https://www.econbiz.de/10015060099
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
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
The Turkish economy is typically characterized as having particularly high real interest rates. Fundamental considerations, such as high growth rates or high returns to capital, do not provide a satisfactory resolution of this puzzle. Instead, we find that two other factors- doubts about the...
Persistent link: https://www.econbiz.de/10005248241
This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the inflation …
Persistent link: https://www.econbiz.de/10005248242
This paper shows that the response of inflation to external shocks is very different when the authorities target the … would have no effect on the steady-state inflation rate under a fixed exchange rate are either inflationary or deflationary …
Persistent link: https://www.econbiz.de/10005248257
In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivity growth in the tradable goods sector in...
Persistent link: https://www.econbiz.de/10005248284
to explain most features of the "Great Inflation." …
Persistent link: https://www.econbiz.de/10005263711
changes have swifter effects on output and inflation compared to advanced economies and that exchange rate dynamics plays a … key role in this connection. Importantly, the response of inflation to monetary policy shocks has grown stronger and the … output-inflation tradeoff improved since the introduction of inflation targeting. …
Persistent link: https://www.econbiz.de/10005263748