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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
banks use forecasting models based on ANN methodology for predicting various macroeconomic indicators, like inflation, GDP … Growth and currency in circulation etc. In this paper, we have attempted to forecast monthly YoY inflation for Pakistan by …
Persistent link: https://www.econbiz.de/10005835473
A linear and lagged relationship between inflation and labor force growth rate has been recently found for the USA. It … previously reported agreement between observed and predicted inflation is substantially improved by some simple measures removing … inflation and the annual labor force readings is compensated. GDP deflator represents the inflation. Linear regression analysis …
Persistent link: https://www.econbiz.de/10005835571
This paper attempts to investigate the linkage between the excess money supply growth and inflation in Pakistan and to … test the validity of the monetarist stance that inflation is a monetary phenomenon. The results from the correlation … analysis indicate that there is a positive association between money growth and inflation. The money supply growth at first …
Persistent link: https://www.econbiz.de/10005835649
Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … features. This study evaluates comparatively the inflation-forecasting power of alternative time-varying estimates of the … twentieth century. The analysis reveals that the overall inflation-forecasting utility of the natural rate of unemployment …
Persistent link: https://www.econbiz.de/10005835658
Bedevilling the ongoing debate about changes in real-incomes in late-medieval western Europe, especially during the so-called ‘Golden Age of the Labourer’, is the very troubling issue of ‘wage-stickiness’. The standard and long-traditional explanation for this supposed ‘Golden Age’...
Persistent link: https://www.econbiz.de/10005835789
analysed individually, but in relation to the macroeconomic variables, e.g. inflation or the interest rate on the market. In …
Persistent link: https://www.econbiz.de/10005835953
A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation … relationships between the studied variables demonstrates the superiority of the latter. The cumulative inflation curve or inflation …
Persistent link: https://www.econbiz.de/10005835964
Much of the US inflation forecasting literature deals with examining the ability of macroeconomic indicators to predict … the mean of future inflation, and the overwhelming evidence suggests that the macroeconomic indicators provide little or … no predictability. In this paper, we expand the scope of inflation predictability and explore whether macroeconomic …
Persistent link: https://www.econbiz.de/10005836192
This study investigates the effects of political instability on inflation in Pakistan. Applying the Generalized Method … political instability and inflation. This is further confirmed on analyses based on interactive dummies that reveal political … instability significantly leading to high (above average) inflation. …
Persistent link: https://www.econbiz.de/10005836236