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This paper examines the interactions between money, consumer prices and commodity prices at a global level from 1970 to 2008. Using aggregated data for major OECD countries and a cointegrating VAR framework, we are able to establish long run and short run relationships among these variables...
Persistent link: https://www.econbiz.de/10010265799
This paper examines the interactions between money, consumer prices and commodity prices at a global level from 1970 to 2008. Using aggregated data for major OECD countries and a cointegrating VAR framework, we are able to establish long run and short run relationships among these variables...
Persistent link: https://www.econbiz.de/10010271111
Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in...
Persistent link: https://www.econbiz.de/10010271141
classes and consumer goods. -- global liquidity ; inflation control ; monetary policy transmission ; asset prices …
Persistent link: https://www.econbiz.de/10003794104
consumer goods. -- Global liquidity ; inflation control ; monetary policy transmission ; asset prices …
Persistent link: https://www.econbiz.de/10003889489
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this … liquidity ; inflation ; international spillovers …
Persistent link: https://www.econbiz.de/10003931399
useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this … liquidity ; inflation ; international spillovers …
Persistent link: https://www.econbiz.de/10003934679
Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for … a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this …
Persistent link: https://www.econbiz.de/10009569729
Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for … a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this …
Persistent link: https://www.econbiz.de/10009579330
Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for … a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this … Zusammenhang zwischen einer regelgebundenen Geldpolitik und der Inflation jedoch häufig nur relativ schwach ausgeprägt. In der …
Persistent link: https://www.econbiz.de/10009580097