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niedriger Inflation auch das Resultat von angebotsseitigen Effekten der Geldpolitik ist. Diese überwiegen, da die Geldpolitik …'s monetary policy as too expansionary, the other holds it responsible for keeping the measured inflation rate below target. This … inflation. To do this, the present paper analyses the effectiveness of monetary policy through its various transmission channels …
Persistent link: https://www.econbiz.de/10011896711
Inflation und auch höhere Zinsen nicht nur temporär, sondern mittelfristig wieder möglich sind: De … eine Destabilisierung der Inflationserwartungen zu verhindern. Längerfristig könnte dieses Umfeld aus höherer Inflation und … Geldpolitik führen, deren Schwerpunkt dann wieder auf der Verhinderung von hoher Inflation und weniger im Verhindern von …
Persistent link: https://www.econbiz.de/10014433206
special emphasis on inflation as a variable of interest for an emerging country, an underdeveloped financial market, and a … that examine the relationship between the rate of return on assets and inflation. We focus our empirical analysis in an … determinant in reference to the effect of the inflation and the exchange rate variables on stocks' performance. …
Persistent link: https://www.econbiz.de/10014494495
This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed … increase in inflation is associated with a 0.07 % fall in long-run real rate of output through its effect on bank credit to the …
Persistent link: https://www.econbiz.de/10010500573
Das Umfeld niedriger Zinsen ist weniger auf die Geldpolitik, sondern mehr auf globale Trends in der Investitionsnachfrage und in der Sparneigung sowie einen krisenbedingten Rückgang der Investitionen zurückzuführen. Mittelfristig kann die Überwindung der Bilanzrezession zu höheren...
Persistent link: https://www.econbiz.de/10011739549
), inflation and money supply growth, while oft studied, is one that remains unclear. We argue that the nature of the relation …. Notably, a predominantly negative correlation with bond yields and inflation becomes positive, while the opposite is true for … power switches temporarily to positive around economic shocks. This suggests that higher yields, inflation and money growth …
Persistent link: https://www.econbiz.de/10013201313
This study aims to overcome the problem of dimensionality, accurate estimation, and forecasting Value-at-Risk (VaR) and Expected Shortfall (ES) uncertainty intervals in high frequency data. A Bayesian bootstrapping and backtest density forecasts, which are based on a weighted threshold and...
Persistent link: https://www.econbiz.de/10013200409
We empirically evaluate the predictive power of money growth measured by M2 for stock returns of the S&P 500 index. We use monthly US data and predict multiperiod returns over 1, 3, and 5 years with long-horizon regressions. In-sample regressions show that money growth is useful for predicting...
Persistent link: https://www.econbiz.de/10014521809
States in taking inflation into account when calculating Old Age and Survivor Insurance (OASI) Benefits. Because of the … receives an annual benefit more than $1,800 larger than would have been generated with full indexing. While the inflation …-run financial instability for the OASI trust fund in periods of substantial inflation or deflation. They make the percentage …
Persistent link: https://www.econbiz.de/10010298623
This paper examined the impact of fiscal deficit on inflation in Namibia. The paper employed Autoregressive Distributed … evidence of a long run positive effect of fiscal deficit on inflation in Namibia. This suggests that fiscal deficit has a … direct effect on inflation in Namibia. The study also found a unidirectional causality running from fiscal deficit to …
Persistent link: https://www.econbiz.de/10014558455