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, interest rates and inflation rate in ASEAN-5, namely Indonesia, Malaysia, Philippine, Singapore and Thailand. Using sample …-run relationships between M2 and real income, lending rates, interest rates and inflation rate for ASEAN-5 …
Persistent link: https://www.econbiz.de/10013073416
This paper empirically investigates the relationship between real money demand, real income, interest rates and real consumption. The paper provide a mixed strategy for estimating the money demand function that incorporates shifting from a system of equations vector auto regression (VAR)...
Persistent link: https://www.econbiz.de/10013117218
related with money policy of Turkey were realised, and 1999(IV) when drastic measures were taken to cope with inflation … treasury bond interest return and inflation were analysed. We applied cointegration test for cointegration analysis and a …
Persistent link: https://www.econbiz.de/10014123728
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by … including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … inflation are identified. The results indicate that the equilibrium evolution of M3 is still in line with money demand. In the …
Persistent link: https://www.econbiz.de/10009427840
into account leads to ambiguous effects w.r.t. to the impact of capital as well as inflation risk, thus contradicting …. The results reveal that U.S. households increase their demand for money in response to positive changes in inflation and …
Persistent link: https://www.econbiz.de/10010520781
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by … including the recent period of the financial crisis. Evidence is based on a cointegration analysis, where inflation and asset … inflation are identified. The results indicate that the equilibrium evolution of M3 is still in line with money demand. In the …
Persistent link: https://www.econbiz.de/10009130684
ambiguous effects w.r.t. to the impact of capital market risk as well as inflation risk, which is due to the interplay of … response to positive changes in inflation risk and capital market risk, respectively, with both effects lasting permanently. …
Persistent link: https://www.econbiz.de/10011790638
We investigate whether the Fiscal Theory of the Price Level (FTPL) can explain UK inflation in the 1970s. We confront …
Persistent link: https://www.econbiz.de/10010413736
, inflation, interest rate differential, real output, and financial development. The analysis points to the important roles of …
Persistent link: https://www.econbiz.de/10014232353
This study examines the stability of money demand in the proposed West African Monetary Union (WAMU). The study uses annual data for the period 1981 to 2015 from thirteen of the fifteen countries making-up the Economic Community of West African States (ECOWAS). A standard money demand function...
Persistent link: https://www.econbiz.de/10011998536