Conducts both the cointegration test of the monetary theory of inflation and the Granger‐causality test between the … variables in the system, and also develops univariate and multivariate time series models to forecast inflation rates. Quarterly …‐causality running from inflation to output growth. Comparison of out‐of‐sample quarterly forecasts for the 1988‐1 to 1993‐4 period are …

During the 1980s Latin America’s inflation problem worsened and successive stabilization programmes failed in many … substantial influence on inflation. In the case of high inflationary countries, the existence of various key prices draw attention …

inflation, real wages and the real exchange rate for any given rate of unemployment. Inflation, rather than unemployment, is the …

The monetarist model of inflation is tested with quarterly data over the period 1960‐1983 from six African countries … empirical results are, in general, consistent with the monetarist explanation of inflation.  …

The relative impacts of the monetised and non‐monetised deficit on output and inflation in the United States are … affected real GNP growth, nominal GNP growth or inflation. For the period 1961‐1982, monetisation is found to have fuelled … inflation with no effect on real GNP. Non‐monetised deficits provided a negative short‐run impact on the rate of inflation over …

(VECM). The empirical results suggest that a bivariate relationship between inflation and productivity is spurious, as the … unit root pre‐tests that account for oil shock episodes show that inflation and productivity are integrated of a different … estimation showed that productivity growth and inflation are an econometrically endogenous variable and this suggests that bi …

price index (CPI) inflation in Indonesia. Design/methodology/approach – Using threshold model applied to Phillips curve … effects of money growth on inflation, but no threshold effect of exchange rate depreciation on inflation. Even though the … growth, i.e. 7.1 and 9.8 percent, and they are statistically different. The impact on inflation is high when money grows by …

Purpose – Inflation and its related uncertainty can impose costs on real economic output in any economy. This paper … aims to analyze the relationship between inflation and inflation uncertainty in India. Design/methodology/approach – The … – Initial estimates show the inflation rate to be a stationary process. The maximum likelihood estimates from the GARCH model …

Purpose – The purpose of this paper is to examine the causal relationships between inflation, output growth and their … found strong evidence favoring a positive effect of a change in the inflation uncertainty as predicted by the Friedman …-Ball hypothesis. In addition, inflation (inflation uncertainty) has direct (indirect) negative effect on the output growth. The …