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Quantitative policy analysts are usually confronted with the problem to derive a base-line scenario that reflects the most likely state of an economy in a future year. The methods used in practice to derive such a base-line scenarios are heterogeneous and range from the usage of the last...
Persistent link: https://www.econbiz.de/10009446185
exchange rate movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across … counteract deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the … forecasting inflation. …
Persistent link: https://www.econbiz.de/10012523788
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
government cannot prevent a speculative attack, it can affect its timing. The longer the delay, the higher inflation will be …
Persistent link: https://www.econbiz.de/10009475593
Is inflation targeting an appropriate framework for monetary policy? Experience from the inflation-targeting countries … countries are optimistic about inflation targeting as a monetary-policy framework. South Africa is also following this trend … shows that inflation targeting is not a universal remedy to modern economic ills -- there is an emerging danger of assigning …
Persistent link: https://www.econbiz.de/10009457851
Maximum-likelihood estimates of the parameters of stochastic differential equations are consistent and asymptotically … efficient, but unfortunately difficult to obtain if a closed-form expression for the transitional probability density function …?Uhlenbeck equations respectively. …
Persistent link: https://www.econbiz.de/10009483276
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
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
Panigirtzoglou (2004), which makes use of Probability Density Functions (PDFs) extracted from option markets. More conventional …
Persistent link: https://www.econbiz.de/10009484224
The statistical variance of total project cost is usually estimated by means of Monte Carlo simulation on the assumption that exact analytic approaches are too difficult. This paper tests that assumption and shows that, contrary to expectations, the analytic solution is relatively...
Persistent link: https://www.econbiz.de/10009437452