Showing 1 - 10 of 35,254
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 …
Persistent link: https://www.econbiz.de/10009491154
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 …
Persistent link: https://www.econbiz.de/10011430889
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 …
Persistent link: https://www.econbiz.de/10013137100
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 …
Persistent link: https://www.econbiz.de/10009267841
Persistent link: https://www.econbiz.de/10009785453
Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used to improve the reliability of early output gap estimates as proposed by several theoretical models. A real-time experiment shows that real M1 can improve output...
Persistent link: https://www.econbiz.de/10010248220
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. …
Persistent link: https://www.econbiz.de/10011374304
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 …
Persistent link: https://www.econbiz.de/10014256364
wealth. Domestic price inflation is affected by imported inflation including currency depreciation (a pass through effect …
Persistent link: https://www.econbiz.de/10014215622
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 …
Persistent link: https://www.econbiz.de/10014214045