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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
Factor Augmented Vector Autoregressive (FAVAR) methodology, which contains 115 monthly variables for the period 1992:01 to … 2010:12. We compare the results of VAR and FAVAR model and the results showed that FAVAR model explains the effects of … liquidity puzzle in Pakistan while FAVAR model did not provide any evidence of puzzles. FAVAR model supports the effectiveness …
Persistent link: https://www.econbiz.de/10009418506
This work applies the two-stage Factor Augmented Vector Autoregression (FAVAR) developed by Bernanke, Boivin and Eliasz … inflation with less negative impact on real economic activities, and major economic variables would be less volatile in a 48 …
Persistent link: https://www.econbiz.de/10009228910
This work compares the effectiveness of quantity-based and price-based monetary policies in China using FAVAR. This … of long run neutrality of money on real activities, a long term fall in inflation and a short term rise in interest rates. …
Persistent link: https://www.econbiz.de/10009228920
decomposition for the period 1999:1-2010:4. We use quarterly data for the inflation rate, real GDP, unemployment rate, and oil …
Persistent link: https://www.econbiz.de/10011114381
quarterly analysis that the Tunisian authority succeeded in limiting the effect of crude oil price shock, it was approved … significantly depend on Brent oil price and on the inflation in a structure of administered price. Second at the level of the … monthly analysis, the conducted study allowed us to identify the nature of inflation, which is said to the production cost …
Persistent link: https://www.econbiz.de/10011114550
Spain. Since oil demand is continuously increasing all around the world and OPEC countries use to act having certain power … to raise them, it is necessary to study how these price levels affect to inflation rate and output growth. Oil prices …, inflation and interest rates and Gross Domestic Product historical data are collected for contegration analysis. Forward …
Persistent link: https://www.econbiz.de/10008578252
key role in the ECB interest-rate setting, since it appears as a relevant indicator of future inflation. However, the ECB …
Persistent link: https://www.econbiz.de/10008685030
analysis of financial markets’ behaviour through inflation and interest rates cannot define the real interactions of the …
Persistent link: https://www.econbiz.de/10008765623