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We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates and prices, once it is adequately adjusted to account for the scale of transactions, as well as the opportunity cost of holding money. To that end, an extensive long-run...
Persistent link: https://www.econbiz.de/10011445082
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates and prices, once it is adequately adjusted to account for the scale of transactions, as well as the opportunity cost of holding money. To that end, an extensive long-run...
Persistent link: https://www.econbiz.de/10011294297
This paper presents an econometric analysis of the demand for the monetary aggregate M1 in Mexico. Using cointegration … value and stability of dual inflationary equilibria, given the observed seigniorage levels; (2) calculation of the …
Persistent link: https://www.econbiz.de/10011445093
This paper presents an econometric analysis of the demand for the monetary aggregate M1 in Mexico. Using cointegration … value and stability of dual inflationary equilibria, given the observed seigniorage levels; (2) calculation of the …
Persistent link: https://www.econbiz.de/10011294298
Persistent link: https://www.econbiz.de/10011647287
Persistent link: https://www.econbiz.de/10012600438
correction model, we contrast the cointegration of the variables by means of four specifications for the saving rate according to …
Persistent link: https://www.econbiz.de/10011995006
structural change and cointegration analyzes and impulse-response functions are used. The findings indicate that: 1) the long …
Persistent link: https://www.econbiz.de/10011995022
For policy makers and business cycles analysts is important to count on variables that anticipate points of inflection in economic activity. This paper studies aggregate real money balances as leader indicator of the economic activity based on a Probit mo
Persistent link: https://www.econbiz.de/10005730144
The aim of this paper is to determine whether there have been differences in the effectiveness of the transmission mechanism of monetary policy in Germany, France, Italy, Spain and the United Kingdom since Economic and Monetary Union (EMU) establishment. The analysis is based on the fulfilment...
Persistent link: https://www.econbiz.de/10005731104