Showing 1 - 10 of 1,055
ABOUT INFLATION? -- V. SUMMARY AND CONCLUSIONS -- References. …
Persistent link: https://www.econbiz.de/10012691177
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
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
Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a postconflict situation. Considering that the amount of dollars in circulation is unusually high, we attempt to estimate the true degree of dollarization empirically. Our results show...
Persistent link: https://www.econbiz.de/10005248256
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
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
currency substitution process. Thus, further reductions in inflation or higher interest rates for boliviano bank deposits are …
Persistent link: https://www.econbiz.de/10005263665
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
Botswana's successive currency devaluations and recent move from a fixed to a crawling peg exchange rate regime raise the question of whether the exchange rate might be misaligned with economic fundamentals. This paper, applying the behavioral equilibrium exchange rate (BEER) approach, analyzes...
Persistent link: https://www.econbiz.de/10005263904
inflation and growth, and long-term trends in price levels among the core ERM countries. The evidence suggests that over the …, than the individual national aggregates in predicting nominal aggregates such as inflation and the price level, while …
Persistent link: https://www.econbiz.de/10005263937