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inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad … money), and monetary aggregates, with regard to Indonesia's GDP variables and inflation. This paper uses threshold vector … identified two groups of upper regime and lower regime world variables-namely, world inflation, world GDP, and world commodity …
Persistent link: https://www.econbiz.de/10013199900
argue that inflation targeting with floating rates is better suited than hard pegs to manage the price level catching …-up process. We suggest a modification in the Maastricht inflation criterion which as currently defined has lost its economic …
Persistent link: https://www.econbiz.de/10005523130
the way in which nominal exchange rate affects inflation is asymmetric around it. Below the threshold, effect of change in … nominal exchange rate on inflation is statistically insignificant and above the threshold the effect is strong and significant. …
Persistent link: https://www.econbiz.de/10005536917
We test for the pricing of exchange rate and foreign inflation risk in equities. Our tests are motivated by the … Adler and Dumas (1983). Both exchange rate and foreign inflation risk factors can explain part of the within-country cross … bias, at least in US equity portfolios, cannot be the result of US investors' efforts to hedge their domestic inflation. …
Persistent link: https://www.econbiz.de/10005478440
Este documento de trabajo provee un análisis empírico de la relación entre movimientos del tipo de cambio y los principales índices de precios en los países de la OECD. El análisis del trabajo esta centrado en cómo diferentes ambientes inflacionarios permitirían explicar el descenso en...
Persistent link: https://www.econbiz.de/10005443342
The authors analyse price convergence in new EU countries. They estimate the price level elasticity with respect to the GDP in PPP to be 0.7–0.9 percent. They also analyse additional sources of price level convergence, such as terms-of-trade changes or price deregulation. The average speed of...
Persistent link: https://www.econbiz.de/10005406477
inflation and unemployment, fiscal balance, zloty real revaluation, capacity restructuring, private sector growth and …
Persistent link: https://www.econbiz.de/10005475020
This study was conducted to determine the long-run relationship among world oil price (WOP), Philippine inflation rate … the world oil price will increase Philippine inflation by 0.31%. While, a unit increase in exchange rate (PhP: USD) will … increase inflation rate by 0.42%. In terms of ER, results revealed that an increase in the past values of WOP will increase ER …
Persistent link: https://www.econbiz.de/10011111313
between exchange rate and inflation rate a VAR analysis is conducted. In the short run the pass through coefficient is 16 …
Persistent link: https://www.econbiz.de/10011112024
some macroeconomic variables such as exchange rate, inflation and interest rate in Nigeria using Autoregressive Distributed … effective and efficient policy control measure should be develop and implement to normalize exchange rate, inflation and …
Persistent link: https://www.econbiz.de/10011260363