Showing 161 - 170 of 56,867
This paper examines the interactions between money, consumer prices and commodity prices at a global level from 1970 to 2008. Using aggregated data for major OECD countries and a cointegrating VAR framework, we are able to establish long run and short run relationships among these variables...
Persistent link: https://www.econbiz.de/10010271111
The extent to which the stock market provides a hedge to investors against inflation is examined for African stock … markets. By employing parametric and nonparametric cointegration procedures, we show that the point estimates of the …
Persistent link: https://www.econbiz.de/10010273656
, Spain, Sweden and the UK which have adopted a "formal" policy of low or zero inflation target. Using cointegration analysis …This paper examines the relationship between inflation and real income in Australia, Canada, Finland, New Zealand … and a vector error correction model (VECM), it is found that the long-run relationship between inflation and real income …
Persistent link: https://www.econbiz.de/10009482123
principal components estimator, suited to estimate systems of fractionally cointegrated processes. The proposed core inflation … measure is the scaled common persistent factor in inflation and excess nominal money growth and bears the interpretation of … monetary inflation. The proposed measure is characterised by all the properties that an u0093idealu0094 core inflation process …
Persistent link: https://www.econbiz.de/10009636528
Equilibrium correction models of the price level are often used to model inflation. Such models assume that the long …
Persistent link: https://www.econbiz.de/10009636529
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … determinants considering its long-run coefficients. Our results indicate that monetary policy has been congruent with the inflation …
Persistent link: https://www.econbiz.de/10011445082
This paper presents an econometric analysis of the demand for the monetary aggregate M1 in Mexico. Using cointegration … seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and … inflation. Results indicate that the low inflation equilibrium is stable, and that the excess money indicator shows, in …
Persistent link: https://www.econbiz.de/10011445093
This paper investigates evidence of a Fisher effect in Nigeria by employing quarterly CPI inflation and Nominal … interest rates data. For a more robust result we conducted integration and cointegration tests in order to examine time …-series properties of the variables. Using Co-integration and Kalman filter methodologies, the study did not find evidence of a full …
Persistent link: https://www.econbiz.de/10011482557
persistence of the services sector inflation during disinflation periods hampered the efforts of the Central Bank of Turkey of … hitting inflation targets in a country with long-lasting high inflation experience. In search of a possible long …
Persistent link: https://www.econbiz.de/10012610929
considered a strategic goal for any country. Accordingly, this study aims to analyze the short- and long-run impacts of inflation … findings confirmed that there is a statistically significant long- and short-run negative effect of inflation on financial …
Persistent link: https://www.econbiz.de/10014001363