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In USA, the 2008 global crisis started with the financial crisis, and soon after affected the real economy. It also started as a financial crisis in the Euro zone, while in countries with very weak public debt indicators and current accounts it was transformed into a state crisis. Experts in...
Persistent link: https://www.econbiz.de/10010692171
The available evidence in Pakistansuggests that inflation is a monetary phenomena. This paper examines the relationship between the determinants of inflation and its volatility by using monthly data for 1990:M1-2007:M5. The determinants of inflation are estimated by a VAR analysis, which shows...
Persistent link: https://www.econbiz.de/10010905764
Numerous studies have explained the significant correlation between monetary policies and asset pricing bubbles. This study uses data on the overall UK housing market and the five UK regions with the highest house prices to evaluate the correlation between monetary policies and pricing bubbles...
Persistent link: https://www.econbiz.de/10011265000
One of the methods of measuring the effectiveness of monetary policies is via inspection of monetary neutrality in the economy. It is a concept from classical economics and it suggests that changes in nominal variables do not have any impact on real variables. This paper studies the presence or...
Persistent link: https://www.econbiz.de/10009645208
The article deals with the need, inherent in any process of industrialization, to increase money supply in order to avoid deflationary tensions. We examine the case of a major financial and commercial centre: Barcelona in the mid-nineteenth century. The paper specifies the volume of different...
Persistent link: https://www.econbiz.de/10010839614
As per the researchers on monetary economics, a detailed account of the changing role of money from Walrasian and Non-Walrasian settings to the more recent theories on the dynamics of the relationships between money, inflation and growth with reference to their historical evolution are available...
Persistent link: https://www.econbiz.de/10008533251
advanced time series analysis techniques that include cointegration, Johansen multivariate cointegrated system, fractional … cointegration and Granger causality. The cointegration results based on data covering the period January 1982 to December 2002 … emergence of Asian Crisis that also indirectly affected the United States. The results of fractional cointegration and the …
Persistent link: https://www.econbiz.de/10005050715
Specific ideas about the Fisher relation between real and nominal interest rates and more general ideas about the nature of the central bank's duty to support the financial system in times of crisis were important to the Monetarist re-assessment of the causes of the Great Depression and what...
Persistent link: https://www.econbiz.de/10010681088
This article analyzes the issues, unaddressed in the contemporary econometric literature on forecasting money supply in India, with the help of the relevant studies. In doing so there is an attempt to ascertain what could be the best fit model to forecast money supply in India.
Persistent link: https://www.econbiz.de/10008587863
This paper finds that the U.S. stock market index is positively associated with real GDP, stock earnings, the trade-weighted nominal effective exchange rate, and the U.K. stock market index and negatively influenced by the government debt/GDP ratio, the M2/GDP ratio, the real Treasury bill rate,...
Persistent link: https://www.econbiz.de/10008868005