The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another … 2012 and 2015, and that in order to keep inflation under control the Central Bank of Azerbaijan should link money supply to … real non-oil GDP growth. -- Inflation modelling ; Inflation forecasting ; Money demand ; Money supply ; Azerbaijan …

The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another … 2012 and 2015, and that in order to keep inflation under control the Central Bank of Azerbaijan should link money supply to … based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly …

This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation … even in the period of the financial and economic crisis. Monetary indicators are useful to predict inflation at the longer … money and inflation, central banks should implement exit strategies from the current policy path, as soon as the financial …

This paper examines the forecasting performance of a broad monetary aggregate (M3) in predicting euro area inflation … even in the period of the financial and economic crisis. Monetary indicators are useful to predict inflation at the longer … money and inflation, central banks should implement exit strategies from the current policy path, as soon as the financial …

predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental … inflation, if the forecasting equations are based on measures of excess liquidity. …

This paper uses neoclassical demand theory to calculate the welfare costs of inflation. It considers the demand …-run welfare costs of inflation that is internally consistent with the data and models used …

wealth. Domestic price inflation is affected by imported inflation including currency depreciation (a pass through effect …

We analyze the relationship between M3 growth and inflation within an error correction framework including also the … inflation. Shocks in M3 growth account for up to 30% of the inflation forecast error variance, while the effects of output gap … the seventies and beginning of the eighties when interest rate and inflation rate levels were high and real money growth …