Purpose – The purpose of this paper is to test the hypothesis of long-run money neutrality for Egypt, Jordan and Morocco using seasonal cointegration techniques. Design/methodology/approach – The paper uses seasonal integration and cointegration techniques to test the neutrality of money...

Purpose – The purpose of this paper is to examine the impact of inflation targeting on inflation for 27 countries that have adopted an inflation-targeting regime. Design/methodology/approach – The paper uses intervention analysis in Harvey's structural time series model to analyse the impact...

It has long been held that central bank independence (CBI) from political control is a necessary requirement to curb inflation. In recent times, however, this long held belief has been challenged. Using a recently compiled panel data set on central bank independence measures, the proposition...

Purpose – The purpose of this paper is to test the hypothesis of long‐run money neutrality for Egypt, Jordan and Morocco using seasonal cointegration techniques. Design/methodology/approach – The paper uses seasonal integration and cointegration techniques to test the neutrality of money...

Purpose – The purpose of this paper is to examine the impact of inflation targeting on inflation for 27 countries that have adopted an inflation‐targeting regime. Design/methodology/approach – The paper uses intervention analysis in Harvey's structural time series model to analyse the...