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An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534
degree of correlation with the rising inflation as shown in the temporal correlation between inflation and composite of …
Persistent link: https://www.econbiz.de/10005837409
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
-time datasets. The results show that the U.S. output gap series is well described by quadratic detrending, while Greenbook inflation … forecasts can be closely replicated using Bayesian model averaging over Autoregressive Distributed Lag models in inflation and … the GDP growth rate. German and U.S. Taylor rules are characterized by inflation coefficients increasing with the forecast …
Persistent link: https://www.econbiz.de/10005835684
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
The real estate bubble which burst in 2008 in the USA was not exclusively the result of “animal spirits”, “crowed madness” or “irrational exuberance”. It resulted primarily because of the specific policies that the government, the Federal Reserve Board, and the regulators pursued....
Persistent link: https://www.econbiz.de/10011258416
This research article focuses on the impact of Monetary Policy on GDP. GDP no doubt is affected by the Monetary Policy of the state. The research papers of various authors have been studied in this regard to prove the Hypothesis and after in depth analysis by applying Regression Analysis...
Persistent link: https://www.econbiz.de/10009404627
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high …
Persistent link: https://www.econbiz.de/10011108214
In this paper, we used the production function method and the Van Norden method to estimate China's output gap (and potential output) from 1985 to 2009 year,and comparise the two methods. The results showed that: (1) the results of different methods are basically consistent with our economic...
Persistent link: https://www.econbiz.de/10011258741
An attempt is made in this paper to arrive at an estimate of the output gap for the Maltese economy on a quarterly and annual basis. Two approaches are adopted, namely the Hodrick-Prescott filter and the aggregate production function method, with their results being benchmarked with the results...
Persistent link: https://www.econbiz.de/10009323442