, Spain, Sweden and the UK which have adopted a “formal” policy of low or zero inflation target. Using cointegration analysis …This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand … and a vector error correction model (VECM)), we find that the long‐run relationship between inflation and real income is …

real money balances, the approach followed here focuses on the relationship between nominal variables and inflation. The … at the end of the sample. The estimates confirm the strong relationship between money and inflation when M1 is used, with …This paper looks at the determinants of inflation in Iran. Unlike the traditional estimates of the demand function for …

cointegration techniques to test the neutrality of money hypothesis for three Middle Eastern economies, using quarterly data on … money, prices and real income. The benefit of using this technique lies in its ability to distinguish between cointegration …Purpose – The purpose of this paper is to test the hypothesis of long‐run money neutrality for Egypt, Jordan and …

theory and monetary aspects of the model are based on the money‐in‐utility approach. The behavior of households is based on … propensity to save or increases its inflation policy. Social implications – This paper also tries to provide some possible …

the design of German monetary policy. Furthermore, causality test results indicate a causal flow from money to nominal … income. However, there is no evidence of a causal flow from nominal income to various definitions of money. These results …

Presents a review of Money and Inflation – A New Macroeconomic Analysis (Sergio Rossi (with a Foreword by Mauro …

Summary This paper analyses the inflation rate in Germany by means of a common trends model. Starting from an IS …-LM model of the open economy, we conduct a cointegration analysis from which we obtain plausible long-run relationships. In the … next step, we identify structural shocks with permanent and transitory effects and study their impacts on the inflation …

on inflation by examining the partially dollarized economy of Eritrea. Design/methodology/approach – Inflation under … partial dollarization is modelled based on money demand and supply framework. Using quarterly data for the study period 1996Q1 … results indicate that inflation increases as a result of an increase in dollarization. This applies to both the short-run and …

vehicles provide a hedge against expected and unexpected inflation at different lags. In contrast, cointegration tests show … effective hedge against inflation. To do so it aims to investigate open‐end real estate funds, special funds and real estate … stocks. Design/methodology/approach – Traditional approaches as well as cointegration and causality tests are applied to …