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In this study, cointegration methods are used to test the existence of the money multiplier model in Saudi Arabia for 1997m1-2020m4 and subperiods before and after the 2008 global financial crisis. Residual-based tests support broad (M2 and M3) multipliers over the full sample and pre-crisis...
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The constraints that external linkages impose on domestic policy choices in Saudi Arabia have continuously evolved over the past four decades. This paper argues that two major ongoing developments in particular have affected and will continue to affect policy trade-offs. First, growing oil needs...
Persistent link: https://www.econbiz.de/10013084477
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The constraints that external linkages impose on domestic policy choices in Saudi Arabia have continuously evolved over the past four decades. This paper argues that two major ongoing developments in particular have affected and will continue to affect policy trade-offs. First, growing oil needs...
Persistent link: https://www.econbiz.de/10014395361
Persistent link: https://www.econbiz.de/10001546846
Persistent link: https://www.econbiz.de/10010533073
inflation expectations, which ultimately depend on agents' trust. We propose a model embedding trust cycles, as emerging from … sequential coordination games betwen atomistic agents and the policy maker, in a monetary model. Trust affects agents' stochastic … the monetary transmission mechanism. Using data from the Eurobarometer survey we analyze the link between trust on the one …
Persistent link: https://www.econbiz.de/10010225972