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This paper discusses the important issue of price level determinacy from a theoretical and empirical perspective. The theoretical section relies basically on a dynamic aggregate demand aggregate supply (AD-AS) model. In the empirical section, we try to assess the relative importance of money...
Persistent link: https://www.econbiz.de/10011110252
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
indicate that for the period analyzed, Lucas’s hypothesis explains fairly well why the trade-off between inflation and output …
Persistent link: https://www.econbiz.de/10011259960
. This initiated a debate on the determinants of the recent inflation. Some blamed fiscal policy or monetary policy, while … others blamed imported inflation, administered prices or mismanagement and loose control of the government. This study …, adopting an econometric framework, focuses on the identification of the main determinants of recent inflation trends. Using …
Persistent link: https://www.econbiz.de/10005079321
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
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high …
Persistent link: https://www.econbiz.de/10011108214
some macroeconomic variables such as exchange rate, inflation and interest rate in Nigeria using Autoregressive Distributed … Lag (ARDL) techniques over a period of 1970 – 2012. The result of the bound test procedure and other tools employed … effective and efficient policy control measure should be develop and implement to normalize exchange rate, inflation and …
Persistent link: https://www.econbiz.de/10011260363
This study analyzes the impact of volatility in government borrowing from central bank (GBCB) on domestic inflation in … GBCB using monthly data from July 1992 to June 2007. The empirical results, based on auto regressive distributed lag (ARDL …) with bound testing technique suggest that domestic inflation in Pakistan is related with volatility in government borrowing …
Persistent link: https://www.econbiz.de/10005105921
This study covering the period 1951-52 to 1999-2000 finds that government deficit has been an important cause for long-run inflationary trend in India. The estimates in the study, however, suggest that there is an optimal level of monetisation for a given level of government deficit and refutes...
Persistent link: https://www.econbiz.de/10011112033
push inflation indicators. We used the monthly data for a period of 2005 to 2012. The findings of this study reveal that in …. Nevertheless, in the short run only world wheat price and labor supply has significant impact. In case of demand pull inflation, in …
Persistent link: https://www.econbiz.de/10011258079