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This article assesses economic growth in the context of consumer saturation. We show that consumer based economies tend to suffer from demand saturation after an initial and prolonged period of growth. However, structural demand saturation irrevocably triggers a Minsky-type super cycle that is...
Persistent link: https://www.econbiz.de/10012962345
The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another … based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly … data showed that consumer prices dynamics is explained by money growth (the more money, the higher the inflation), exchange …
Persistent link: https://www.econbiz.de/10011430889
The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another … based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly … data showed that consumer prices dynamics is explained by money growth (the more money, the higher the inflation), exchange …
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 … based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly … data showed that consumer prices dynamics is explained by money growth (the more money, the higher the inflation), exchange …
Persistent link: https://www.econbiz.de/10009650244
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....
Persistent link: https://www.econbiz.de/10011852813
for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money … kernel regression technique is a finite memory predictor. The two methodologies compete to find the best fitting US inflation … forecasting inflation. Beyond its economic findings, our study is in the tradition of physicists' long-standing interest in the …
Persistent link: https://www.econbiz.de/10013152415
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
Persistent link: https://www.econbiz.de/10001415871
The main purpose of this paper is to determine whether inflation in South Africa has been caused by excessive monetary … inflation as the relevant inflation variable, given that the M3 money demand function is deflated by consumer price inflation … endogenous to consumer price inflation and broad measures of inflation. The most important policy implication of an endogenously …
Persistent link: https://www.econbiz.de/10011532006
-specified and stable money demand in India after incorporating the inflation forecast variable as one of the essential determinants … aggregate, in the ongoing flexible inflation targeting framework, as one of the essential information or indicator variables …
Persistent link: https://www.econbiz.de/10014500858