Showing 1 - 10 of 2,992
This study provides estimates of economic uncertainty and inflation uncertainty for the Greek economy and considers … their time-varying impact on the corresponding macroeconomic variables, i.e. GDP growth and inflation. The authors find that …
Persistent link: https://www.econbiz.de/10014077830
Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of developments in the digital economy and their possible impacts...
Persistent link: https://www.econbiz.de/10012254362
The authors solve the IS puzzle for the G7 countries. They find that five of the G7 countries have the expected significant negative relationship between the output gap and the realrate gap; the time series of the remaining two show material deviation from expected IScurve behavior. The authors...
Persistent link: https://www.econbiz.de/10011650342
This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07 % fall in long-run real rate of output through its effect on bank credit to the …
Persistent link: https://www.econbiz.de/10010385259
This study investigates the relationship between inflation, inflation uncertainty and output in Tunisia using real and … nominal data. GARCH-in-mean model with lagged variance equation is employed for the analysis. The result shows that inflation … uncertainty has a positive and significant effect on the level of inflation only in the real term. Moreover, inflation uncertainty …
Persistent link: https://www.econbiz.de/10009683047
This paper attempts to investigate the linkage between the excess money supply growth and inflation in Pakistan and to … test the validity of the monetarist stance that inflation is a monetary phenomenon. The results from the correlation … analysis indicate that there is a positive association between money growth and inflation. The money supply growth at first …
Persistent link: https://www.econbiz.de/10012777565
It is widely believed that moderate and stable inflation rates promote the development process of a country, and hence … economic growth. Moderate inflation supplements return to savers, enhances investment, and therefore, accelerates economic … growth of the country. The main purpose of this study is to study and analyze the relationship between inflation and economic …
Persistent link: https://www.econbiz.de/10012770579
This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07% fall in long-run real rate of output through its effect on bank credit to the …
Persistent link: https://www.econbiz.de/10013048314
This article analyzes the inflation dynamics of several countries belonging to the European Monetary Union and of the … UK. We estimate the two main parameters driving the degree of persistence in inflation and its uncertainty using a dual … long memory process. We also investigate the possible existence of heterogeneity in inflation dynamics across Euro area …
Persistent link: https://www.econbiz.de/10014055660
This study provides country-specific empirical evidence on the optimal inflation-growth threshold in the WAMZ over the … economies generally focused on exogenous approaches of determining optimal inflation which impose a sharp and most often linear … behaviour on the threshold level of inflation. This paper contributes to the policy debate on the inflationgrowth nexus by …
Persistent link: https://www.econbiz.de/10014487058