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testing approach to cointegration. Empirical results indicated that inflation in Nigeria proxied by CPI exhibited a strong … degree of inertia. The econometric results showed that past inflation and average rainfall appeared to have been the main … supply in the inflation process, lending credence to the dominance of the monetarist proposition on inflation dynamics in …
Persistent link: https://www.econbiz.de/10011534974
This study investigates asymmetry in the impact of domestic inflation drivers in the Baltic States, focusing on the … affect the inflation rate by employing a nonlinear autoregressive distributed lag approach (NARDL) and the Phillips curve …. Empirical results demonstrate the long-run asymmetry as inflation in Estonia and Lithuania responds more significantly to …
Persistent link: https://www.econbiz.de/10013243019
the G7 countries. We first show that nominal interest and inflation rates are better represented as I(0) variables. Later … inflation rates to nominal interest rates is very different than one. …
Persistent link: https://www.econbiz.de/10011654168
The price puzzle is the association in a structural vector autoregression (SVAR) of a contractionary shock to monetary policy with persistent increases in the price level. Various explanations have been investigated separately in the framework of small SVARs without any common set of variables...
Persistent link: https://www.econbiz.de/10013152728
The purpose of this study is to investigate the validity of the absolute version of the purchasing power parity (PPP) of a sample of four advanced and four emerging countries covering the period from 1993 to 2014. To examine the existence of PPP we apply the Augmented Dickey-Fuller, DF-GLS and...
Persistent link: https://www.econbiz.de/10013044515
This study examines nonlinear adjustment effects in the purchasing power parity (PPP) between South Africa and her main currency trading partners; namely, the US, the UK, the Euro area, China and Japan. We use monthly data of the nominal exchange rates and domestic price level data collected...
Persistent link: https://www.econbiz.de/10011785059
This paper consists of two parts. In the first part the sensitivity of PPP testing to the nature of the unit root tests is demonstrated. Three unit root tests are employed for fourteen real bilateral exchange rates. The first two, the augmented Dickey-Fuller test and the Phillips-Perron test are...
Persistent link: https://www.econbiz.de/10014123436
This paper analyzes relationships among money, barter, and inflation in Russia during the transition period. Following … contributed to generating persistent inflation and output decline in Russia …
Persistent link: https://www.econbiz.de/10013047933
inflation as long-term underlying inflation is driven by the changes in money supply. This study focuses on the relationship … between credit to government and inflation in a selected sample of countries, which is examined using descriptive and … that a significant one-to-one relationship or causality between credit to government and inflation could not be observed …
Persistent link: https://www.econbiz.de/10013145031
This paper analyzes relationships among money, barter, and inflation in Russia during the transition period. Following … contributed to generating persistent inflation and output decline in Russia …
Persistent link: https://www.econbiz.de/10014069187