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We discuss the strategic behavior of agents on a financial market in the presence of a central bank which is borrowing and lending money.
Persistent link: https://www.econbiz.de/10009452447
sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to … improve the understanding of how the sensitivity of private sector inflation expectations to macroeconomic surprises in South … anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to …
Persistent link: https://www.econbiz.de/10009480481
The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the … implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation … forward rates (called inflation compensation) on a particular day is then used as a proxy for the market's inflation …
Persistent link: https://www.econbiz.de/10009480482
This paper will attempt to provide a comprehensive review and new concept of the so called international financial integration. In addition, it provides a review on the available indicators used as proxies for international financial integration in empirical study literature. It also proposes a...
Persistent link: https://www.econbiz.de/10009482164
contribution of economic growth, inflation, exchange rates, SBI rates, international oil prices and Indonesia's oil production on … secondary data which are obtained from the economic growth, inflation, exchange rates, SBI rates, international oil prices and … growth, inflation, exchange rates, SBI rates, international oil prices and Indonesia's oil production at lag t-1. By using …
Persistent link: https://www.econbiz.de/10009464681
This paper presents new non-linear regression estimates of the relationship between inflation and economic growth for … inflation is associated with moderate gains in GDP growth up to a roughly 15 – 18 percent inflation threshold. However, the … at all with either the inflation coefficient or our estimated turning point. With the middle income countries, we return …
Persistent link: https://www.econbiz.de/10009467896
no systematic link between thedecline in inflation and the upward adjustments in indexed interest rates. Third,changes in … the exchange rate and in the performance of the external sector helpexplain the decline in inflation. Fourth, the strong … Development Institute of the World Bank and held in WashingtonD.C., December 17-18, 1997. …
Persistent link: https://www.econbiz.de/10009450769
with a lower inflation rate which conflicts with the need to maintain liquidity in a repressed economy. By examining the … inflation-growth relationship, this study examines whether there is any room for inflating the economy. This would ease the … stalled by prematurely tightening monetary policy. The study finds a two-way relationship between inflation and growth; but …
Persistent link: https://www.econbiz.de/10009482058
and inflation rate were not as a result of deregulation, and deregulating price of petroleum products significantly … influence economic growth with marginal inflation. The paper recommends that government should encourage private sector …
Persistent link: https://www.econbiz.de/10011437097
, inflation, balance of payment, foreign investments, and unemployment …
Persistent link: https://www.econbiz.de/10011716413