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policy is not consistent with achieving low inflation or a stable unified exchange rate. The real shocks generate higher … growth and lower inflation, suggesting that supply-side policies are consistent with the goals in the Islamic Republic of …
Persistent link: https://www.econbiz.de/10014400939
and inflation in broad cross-country panels. This paper provides new econometric estimates for a panel of 23 emerging …-run relationship between the two variables controlling for differences in the inflation tax base. We find that a 1 percentage point … reduction in the ratio of fiscal deficit to GDP typically lowers long-run inflation by 11⁄2 to 6 percentage points, depending on …
Persistent link: https://www.econbiz.de/10014400945
Economists generally accept the proposition that high inflation rates generate inefficiencies that reduce society … higher degree of political instability is associated with higher inflation. The paper also draws relevant policy implications … for the optimal design of inflation-stabilization programs and of the institutions favorable to price stability …
Persistent link: https://www.econbiz.de/10014400964
This empirical study for South Africa indicates that there exists a stable money demand type of relationship among domestic prices, broad money, real income, and interest rates, as well as a long-run relationship among domestic prices, foreign prices, and the nominal exchange rate. In the short...
Persistent link: https://www.econbiz.de/10014400968
This paper examines the influence of economic liberalization and monetary growth on inflation during the transition … lasting effect on inflation; that economic liberalization broadly defined may have helped dampen price increases; and that … monetary expansion has been the fundamental determinant of inflation in the region. The paper also finds that the intensity of …
Persistent link: https://www.econbiz.de/10014400971
This paper investigates how consumer price inflation is determined in Mali for 1979-2006 along three macroeconomic … long-run determinants of inflation. The paper offers policy recommendations for controlling inflation in Mali …
Persistent link: https://www.econbiz.de/10014400980
Many countries in the Middle East and North Africa (MENA) region have recently experienced surges in money growth that apparently have not generated significant inflationary pressures. Moreover, several MENA countries have followed monetary policy rules that according to standard monetary theory...
Persistent link: https://www.econbiz.de/10014402293
""natural rates"" of capacity and labor utilization above which inflation begins to accelerate; (2) estimating a production …
Persistent link: https://www.econbiz.de/10014402403
Persistent link: https://www.econbiz.de/10014402448
This paper forecasts inflation in Sudan following two methodologies: the Autoregressive Moving Average (ARMA) model and … by looking at the leading indicators of inflation. The estimated ARMA model remarkably tracks the actual inflation during … indicators explaining inflation in Sudan. Inflation forecasts based on both approaches suggest that inflationary pressures for …
Persistent link: https://www.econbiz.de/10014402482