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Relative-price changes and demand factors in the period of quantitative easing in Japan
Hayo, Bernd; Ono, Hiroyuki - 2010
asymmetry of sectoral relative-price changes and the aggregate inflation rate. This correlation is widely interpreted as … evidence that short-run inflation is determined by supply-side factors; however, we study whether, in addition to the inflation …, that the positive and significant effect of relative-price change asymmetries on inflation is not robust with respect to …
Persistent link: https://www.econbiz.de/10010281467
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Relative-price changes and demand factors in the period of quantitative easing in Japan
Hayo, Bernd; Ono, Hiroyuki - 2010
asymmetry of sectoral relative-price changes and the aggregate inflation rate. This correlation is widely interpreted as … evidence that short-run inflation is determined by supply-side factors; however, we study whether, in addition to the inflation …, that the positive and significant effect of relative-price change asymmetries on inflation is not robust with respect to …
Persistent link: https://www.econbiz.de/10008695560
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Explaining inflation in the period of quantitative easing in Japan: Relative-price changes, aggregate demand, and monetary policy
Hayo, Bernd; Ono, Hiroyuki - In: Journal of Asian Economics 36 (2015) C, pp. 72-85
asymmetry of sectoral relative-price changes and the aggregate inflation rate. This correlation is widely interpreted as … evidence that short-run inflation is determined by supply-side factors; however, we study whether, in addition to the inflation … and significant effect of relative-price change asymmetries on inflation is not robust with respect to various indicators …
Persistent link: https://www.econbiz.de/10011189730
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Relative-Price Changes and Demand Factors in the Period of Quantitative Easing in Japan
Hayo, Bernd; Ono, Hiroyuki - Volkswirtschaft Abteilung, Fachbereich … - 2010
asymmetry of sectoral relative-price changes and the aggregate inflation rate. This correlation is widely interpreted as … evidence that short-run inflation is determined by supply-side factors; however, we study whether, in addition to the inflation …, that the positive and significant effect of relative-price change asymmetries on inflation is not robust with respect to …
Persistent link: https://www.econbiz.de/10008642868
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Estimating a European demand for money
Hayo, Bernd - 1998
inflation target, the existence of a stable money demand function at a European level is important. In this paper estimates of …
Persistent link: https://www.econbiz.de/10010515712
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Estimating a European Demand for Money
Hayo, Bernd - 1999
The creation of European Monetary Union (EMU) poses a number of difficult problems for the European Central Bank (ECB). One of the major problems is related to the uncertainty about economic relationships within the euro area. The monetary strategy of the ECB is based on two pillars, one is the...
Persistent link: https://www.econbiz.de/10014185337
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The Demand for Money in Austria
Hayo, Bernd - 2001
In this paper, the demand for real money M1, M2, and M3 is estimated for Austria over the time period 1965-96. The modelling takes place within the framework of a small vector autoregression. To estimate the demand for money, two-equation error-correction models are constructed, which contain...
Persistent link: https://www.econbiz.de/10014134819
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Estimating a European Demand for Money
Hayo, Bernd - 1999
inflation target, the existence of a stable money demand function at a European level is important. In this paper estimates of …
Persistent link: https://www.econbiz.de/10014187757
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The transmission of monetary policy in the Lao People´s Democratic Republic
Savannarideth, Vimaly - 2015
controlling inflation by managing the money supply; iii) the results of the impulse response analysis find that the responses of … interest rate channel to achieve the desired impact on real economy and inflation is limited at this time; iv) the … investigation of inflation determinants suggests that real GDP, money supply and the exchange rate are important factors in …
Persistent link: https://www.econbiz.de/10011459906
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Estimating a European demand for money
Hayo, Bernd - 1998
inflation target, the existence of a stable money demand function at a European level is important. In this paper estimates of …
Persistent link: https://www.econbiz.de/10010301138