Showing 1 - 10 of 626
inflation in the Gulf Cooperation Council (GCC) countries over the 1980-2008 period. We argue that, in GCC countries, money is … supply stands out as a significant determinant of inflation both in short- and long-run. Both foreign prices and the nominal … effective exchange rate are shown to be more successful in explaining inflation in the long-run than the short-run. The half …
Persistent link: https://www.econbiz.de/10008765622
In Morocco, as elsewhere, banking is the principal financial sector it has the potential to contribute the most or to most severely retard economic development. But the banking industry’s potential performance is constrained by the monetary policies of the central bank. This paper reviews some...
Persistent link: https://www.econbiz.de/10005790364
This paper examines the extent to which changes in exchange rates result in changes in Turkish domestic inflation … that exchange rate shocks feed into domestic inflation, first at the level of manufacturers’ prices and then at the level … manufacturer price index in determining Turkish inflation rates. In addition, the decline in the exchange rate pass-through impact …
Persistent link: https://www.econbiz.de/10008497664
-run sensitivity of output to inflation. …
Persistent link: https://www.econbiz.de/10005621206
This paper provides an empirical study of the asymmetrical spillovers of the euro-US dollar exchange rate on inflation … the only key factor, in determining the asymmetry in inflation between core and periphery. The nominal effective exchange … rate instead is a very important driver for the inflation only considering the whole euro zone. Therefore, the EMU seems to …
Persistent link: https://www.econbiz.de/10011108149
In contrast to Robert Mundell‘s Optimum Currency Area theory and his recommendation of forming a monetary union, the economic fundamentals of Euro area member countries have not harmonized. The opposite holds: the Euro core countries - most of all Germany, but also the Netherlands and Finland...
Persistent link: https://www.econbiz.de/10008534290
The U.S recession of 2007 to 2009 is unique in the post-World-War-II experience by the broad company it kept. Activity contracted around the world, with the advanced countries of the North experiencing declines in spending normally the purview of the developing economies of the South. The last...
Persistent link: https://www.econbiz.de/10008577646
This is a theoretical analysis of structural interdependence in monetary economics. Some recent attempts to integrate money and finance in the theory of income and expenditure are critically examined. The Sraffian dichotomic interpretation of classical political economy is refused. A version of...
Persistent link: https://www.econbiz.de/10011185688
sectors, we deduce the overall inflation generated by direct and indirect requirements for the total economy. For example, an … increase in oil prices by 75% generates a global inflation cost between 5.5% and 8%. Symmetric scenarios indicate no strong … asymmetrical effects. The generated inflation may alter the stable path of inflation recorded over the past fifteen years putting …
Persistent link: https://www.econbiz.de/10011253053
neighborhood and unobserved heterogeneity of countries of the region to analyze the effects of Policy mix on inflation, the output … mechanism of propagation of shocks affecting the level of inflation and a mecanisme for output stabilization. …
Persistent link: https://www.econbiz.de/10011258948