Showing 1 - 10 of 186
The persistence property of inflation is an important issue for not only economists, but, especially for central banks …, given that the degree of inflation persistence determines the extent to which central banks can control inflation. Further …, not only is the level of inflation persistence that is important in economic analyses, but also the question of whether …
Persistent link: https://www.econbiz.de/10013045937
The paper develops a short-run model of a small open financially repressed economy characterized by unorganized money markets, intermediate good imports, capital mobility and flexible exchange rates. The analysis shows that financial liberalization, in the form of increased rate of interest on...
Persistent link: https://www.econbiz.de/10005773168
The paper analyzes the effects of financial liberalization on steady-state inflation. We develop an overlapping … sign of the inflation-financial repression relationship depends crucially on the elasticity of substitution between the …
Persistent link: https://www.econbiz.de/10005773203
convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal …
Persistent link: https://www.econbiz.de/10005773210
convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal …
Persistent link: https://www.econbiz.de/10005168551
The conduct of inflation targeting is heavily dependent on accurate inflation forecasts. Non-linear models have … African infl ation by means of non-linear models and using a long historical dataset of seasonally-adjusted monthly inflation …, given the fact that 1969:10 marks the beginning of a protracted rising trend in South African inflation data, we estimate …
Persistent link: https://www.econbiz.de/10011095462
The oil price-inflation relationship has been at the center of attention among economists and policy makers, especially … after 1970’s oil shocks that resulted to a significant increase in the inflation rate in number of countries around the … world. In this study, we aim to investigate the evolving relationship between oil price and inflation in South Africa, using …
Persistent link: https://www.econbiz.de/10010784810
Persistent link: https://www.econbiz.de/10011640110
S&P 500 index and the detection of End-of-Bubble signals with their corresponding confidence levels. We use monthly S …
Persistent link: https://www.econbiz.de/10011514490
detect three regimes corresponding to the periods of "Great Inflation", "Great Moderation", and the zero lower bound (ZLB …
Persistent link: https://www.econbiz.de/10012875998