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interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … of economic slack and its impact on inflation, crisis-related hit to potential output and neutral interest rates. However …
Persistent link: https://www.econbiz.de/10010464897
inflation, interest rate and stock returns. It employs the Vector Auto Regressive (VAR) approach method of Lee (1992) to analyze …
Persistent link: https://www.econbiz.de/10012770661
interest rates, exchange rate growth, and inflation. We then decompose the Swiss long-term interest rate trend into various … decline in the level of inflation. Comparing Switzerland with the rest of the world, we show that while Swiss real interest … connection between inflation risk and the Swiss term spread, as well between relative inflation risk and the difference between …
Persistent link: https://www.econbiz.de/10013175583
in the short run, mobile money usage is positively affected by inflation while financial innovation, exchange rate … positively affected by economic activity, inflation and the COVID-19 pandemic crisis while mobile money customer balances …This paper examines the effects of macroeconomic policy and regulatory environment on mobile money usage. Specifically …
Persistent link: https://www.econbiz.de/10012505029
tax and transfer systems. With constant primary deficits, there exist two steady-states, and the price level and inflation … in the long-run real interest rate, leading to higher inflation for any given monetary policy. Our work highlights the … role of household heterogeneity and market incompleteness in determining inflation …
Persistent link: https://www.econbiz.de/10014322820
In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but … account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange rate to … rate and money growth in influencing economic outcomes are emphasised. Today’s standard DSGE approach to modelling …
Persistent link: https://www.econbiz.de/10011294097
In Canada, targeting the inflation rate was intended as a temporary measure during a transition to price … following account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange … unemployment rate and money growth in influencing economic outcomes are also discussed. Today's standard theoretical approach to …
Persistent link: https://www.econbiz.de/10012269144
: narrow money (M1), incomes, prices and interest rates in the U.S. during the turmoil period of last decade. Unit root and …
Persistent link: https://www.econbiz.de/10013074059
so-called helicopter money appears to be more appropriate than the normal credit money. Dynamic inefficiency cannot occur …, if either land or neutral (helicopter) money is available as an alternative store of private wealth. Thus, the frequently …
Persistent link: https://www.econbiz.de/10011847870
longer-term market interest rates by taking into account the relationship between interest rates, inflation, and unemployment … rates. By using vector autoregressive models of monthly interest rates, month-over-month inflation, and unemployment rates … lowering Canadian interest rates relative to what their historical relationship with inflation and unemployment rates would …
Persistent link: https://www.econbiz.de/10003996812