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This paper assesses the performance of monetary indicators in predicting euro area HICP inflation out-of-sample over …. The results suggest that monetary indicators are still useful indicators for inflation in the euro area, but that a … inflation. …
Persistent link: https://www.econbiz.de/10010295806
Our paper studies the relationship between money growth and consumer price inflation in the euro area using wavelet … analysis. Wavelet analysis allows to account for variations in the money growth-inflation relationship both across the … frequency spectrum and across time. We find evidence of strong comovements between money growth and inflation at low frequencies …
Persistent link: https://www.econbiz.de/10010433361
Persistent link: https://www.econbiz.de/10012991202
(Applied Financial Economics, 13, 693-700, 2003) on inflation and output on stock returns and volatility is extended by … inflation, output growth, and interest rate, has weak predictor power on stock market volatility and returns. In line with the …
Persistent link: https://www.econbiz.de/10013143522
inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad … money), and monetary aggregates, with regard to Indonesia's GDP variables and inflation. This paper uses threshold vector … identified two groups of upper regime and lower regime world variables-namely, world inflation, world GDP, and world commodity …
Persistent link: https://www.econbiz.de/10012799838
Persistent link: https://www.econbiz.de/10012622080
The purpose of this paper is to empirically determine the causes of worldwide diversity of inflation volatility. We … with higher inflation volatility …
Persistent link: https://www.econbiz.de/10012779158
quality of institutions on inflation volatility over time and across countries. Using the system-GMM estimator for linear … are associated with more volatile inflation rates. Furthermore, political instability has greater effects on inflation …
Persistent link: https://www.econbiz.de/10012770803
The main objective of this study is to empirically examine the relationship between inflation and economic growth in … relationship between inflation and GDP growth is non-linear with a subsistence of a breakpoint, which means the inverted U …-shape curve. Moreover, the Granger Causality shows that economic growth does granger cause inflation. The empirical result …
Persistent link: https://www.econbiz.de/10013239116
on output and, in particular, also on inflation in the euro area under alternative settings for monetary policy. We … that this over-proportionality is stronger for the fiscal multiplier on inflation than on output. We relate this finding to …
Persistent link: https://www.econbiz.de/10011637428