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from 98 countries, we find strong evidence for cointegration between nominal exchange rates and monetary fundamentals. We …
Persistent link: https://www.econbiz.de/10005263651
This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman (1986) and Doan et al. (1984) and review alternative...
Persistent link: https://www.econbiz.de/10005825693
Average inflation in Sweden has been one of the lowest among European countries since the mid- 1990s. Three supply … the policy options for the central bank. This paper relates to the OECD Economic Survey of Sweden 2007 (www.oecd.org/eco/surveys/sweden …).<P>Pourquoi l'inflation suédoise est-elle restée obstinément faible ?<BR>Depuis le milieu des années 90, la Suède affiche un des …
Persistent link: https://www.econbiz.de/10005045835
Some recent studies suggest the possibility of estimating a stable aggregate demand-for-money relationship for the group of countries participating in the European Monetary System. These results are of particular relevance in connection with the task of setting policy targets for a European...
Persistent link: https://www.econbiz.de/10005264074
This paper attempts to explain short- and long-term dynamics of-and forecast-inflation in Tajikistan using the Vector … demonstrates that the exchange rate and international inflation have a strong impact on local prices. Available monetary …
Persistent link: https://www.econbiz.de/10008519491
This paper analyses the monetary policy and its impact on the rate of inflation during the economic structural …, which is relevant for analysing inflation and monetary policy during adjustment programs. The sample does not include other … by the supply of money, and that the authorities were able to reduce inflation by restricting the money supply process …
Persistent link: https://www.econbiz.de/10008482026
income elasticity of less than unity. Current inflation is found to have a significant negative impact on the real money …
Persistent link: https://www.econbiz.de/10008528622
Persistent link: https://www.econbiz.de/10005590873
This paper develops an approach for forecasting in Thailand core inflation. The key innovation is to anchor the … projections derived from the short-term time-series properties of core inflation to its longer-run evolution. This involves … goodness-of-fit criteria, with an equilibrium-correction model that pins down the convergence of core inflation to its longer …
Persistent link: https://www.econbiz.de/10005605247
-induced inflation anticipations that are typical to Guyana. …
Persistent link: https://www.econbiz.de/10005825837