The links between commodity prices, interst rates, wages, and the exchange rate of the U.S. dollar with consumer prices is investigated. An ARIMA transfer function methodology is employed. Sample data are from January 1972 to December 1988. Although model diagnsotics are relatively good,...

A standard monetary model of inflation is augmented to include import, labor, energy, and intermediate good cost pressures. Expansion of the original monetary framework is achieved using a cost function dual of the production function. Implications for parameter magnitudes and other empirical...

A theoretical model of inflationary dynamics in Ecuador is specified for the pre-dollarization period when the sucre was still the official currency. Parameter estimation is carried out using a battery of time series techniques. Monthly data from January 1964 to December 1994 are used in the...

A theoretical model of inflationary dynamics is developed for Mexico. Estimation is carried out using ARIMA transfer function analysis. Sample data are for the January 1982 - December 1998 period. Overall econometric characteristics of the model satisfy standard statistical criteria. Results...

A monetary inflation model is augmented to include import prices and wages in a theoretically plausible manner. Empirical analysis is carried out using annual data for the 1970-1997 period. Parameter estimation is completed using a nonlinear ARMAX procedure. In addition to estimating different...

A standard monetary infaltion model is expanded to include import and labor costs in a theoretically logical manner. Implications for estimation are discussed, with special attention given to developing country data concerns. Care is taken to discuss model development within the historical...

This paper develops an unified framework for analyzing the influence of both direct and indirect instruments of monetary control on the money supply process. The resulting formal model is then applied in the empirical evaluation of the effectiveness of credit ceilings in limiting the growth of...

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The bank as "general store" is slowly being replaced by the bank as conglomerate. This is because improvements in information technology and market efficiency are changing the way the activities of financial intermediaries are performed. The imperatives of cost minimization and competition have...

Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in order to model investments in novel fields of economic activity, that according to this model are carried out when firms recognize the emergence of a new technological pattern....