selection approach, the study interacts money supply, interest rate, economic growth, and inflation rate, among themselves and … their lagged values using the Vector Auto-regressive (VAR) analytical technique. The Classical quantity theory of money, the … Cambridge Cash Balanced, the liquidity preference theory and the Monetarists as theoretical frameworks were explored to …

u0093Bond Market Inflation Expectation and Longer-term Trends in Broad Monetary Growth and Inflation in Industrial … in inflation that were matched by growth rates in M2 and nominal GDP but not real GDP in each country and cross …-country averages. Inflationary expectations as estimated by bond rates less real growth trends indicated little inflation expectation …

The number of studies investigating the effects of inflation targeting (IT) on inflation and macroeconomic variables … effect and instrumental variable (IV) techniques to estimate the effect of IT on inflation and economic growth for a sample … of 40 middle-income countries. Generally, we find that the effects of IT on inflation is quantitatively large but …