Narrow search
Showing 1 - 10 of 17,919
Cover Image
Money Demand Instability and Real Exchange Rate Persistence in the Monetary Model of USD-JPY Exchange Rate
Hunter, John; Menla Ali, Faek - 2014
This paper proposes a hybrid monetary model of the dollar-yen exchange rate that takes into account factors affecting the conventional monetary model’s building blocks. In particular, the hybrid monetary model is based on the incorporation of real stock prices to enhance money demand stability...
Persistent link: https://www.econbiz.de/10014039290
Cover Image
Forecasting banknote circulation during the COVID-19 pandemic using structural time series models
Bartzsch, Nikolaus; Brandi, Marco; Pastor, Raymond de; … - 2023
As part of the Eurosystem’s annual banknote production planning, the national central banks draw up forecasts estimating the volumes of national-issued banknotes in circulation for the three years ahead. As at the end of 2021, more than 80 per cent of euro banknotes in circulation (cumulated...
Persistent link: https://www.econbiz.de/10014320825
Cover Image
Do financial markets allow the independence of central banks?
Miró, Damià Rey; Piffaut, Pedro; Zurdo, Ricardo Palomo - In: Journal of central banking theory and practice 13 (2024) 1, pp. 5-26
The research work presented below addresses the possible concern of central bank independence through the development and application of econometric models. The complexity of the modelling has allowed a step further in corroborating that financial independence is not only linked to the...
Persistent link: https://www.econbiz.de/10014496228
Cover Image
The demand for broad money and tests for neglected monetary effects on inflation : empirical evidence for Norway 1969 to 1993
Eitrheim, Øyvind - 1995
Persistent link: https://www.econbiz.de/10000923121
Cover Image
A stable model for Euro Area money demand : revisiting the role of wealth
Beyer, Andreas - 2009
money demand model. -- Money Demand ; Parameter Constancy ; Wealth ; Cointegration ; Vector Error Correction Model …
Persistent link: https://www.econbiz.de/10003963820
Cover Image
Central bank policy rates : are they cointegrated?
Caporale, Guglielmo Maria; Carcel, Hector; Gil-Alaña, … - 2017
the US, the Eurozone, Australia, Canada, Japan and the UK using fractional integration and cointegration techniques …
Persistent link: https://www.econbiz.de/10011619595
Cover Image
Central bank policy rates : are they cointegrated?
Caporale, Guglielmo Maria; Carcel, Hector; Gil-Alaña, … - 2017
the US, the Eurozone, Australia, Canada, Japan and the UK using fractional integration and cointegration techniques …
Persistent link: https://www.econbiz.de/10011619627
Cover Image
Impact of money supply in different states of inflation and economic growth in South Africa
Buthelezi, Eugene Msizi - In: Economies : open access journal 11 (2023) 2, pp. 1-22
This paper investigates the impact of the money supply in different states of inflation and economic growth in South … different states of inflation and economic growth. Moreover, the use of shock accounts for time-varying elasticity. It is found …, the money supply was insignificant. The money supply had a negative and a positive impact on inflation in states 1 and 2 …
Persistent link: https://www.econbiz.de/10014230763
Cover Image
(When) Should Cointegrating Regressions Be Detrended? The Case of a German Money Demand Function
Hassler, Uwe - 1999
If an economic relationship is superimposed by a linear time trend, the regression without detrending is misspecified. The estimators of such a regression do not converge to the true parameter values. First, the asymptotic limit arising from such misspecified regressions is characterized....
Persistent link: https://www.econbiz.de/10014200423
Cover Image
A new approach to estimating the natural rate of interest
Benati, Luca - 2021
. Under monetary regimes (such as inflation-targeting) making inflation I(0), the easiest way to implement the proposed …-and then () subtract from this inflation's sample average (or target), thus obtaining the real natural rate. More complex … presents two key advantages: (1) under regimes making inflation I(0), M1 velocity is equal, up to a linear transformation, to …
Persistent link: https://www.econbiz.de/10012520193