, interest rates and inflation rate in ASEAN-5, namely Indonesia, Malaysia, Philippine, Singapore and Thailand. Using sample …-run relationships between M2 and real income, lending rates, interest rates and inflation rate for ASEAN-5 …

rouble balances and the income elasticity of money is close to unity. Inflation affects the adjustment towards equilibrium …, while broad money shocks lead to higher inflation. We also show that exchange rate fluctuations have a considerable …

literature on inflation and money demand in transition economies. The results suggest that, after the one-time effects of the … 1997 crisis are taken into account, the long-run determinants of inflation and money demand remained unchanged. Strong … financial policies since mid-1997 appear to have helped to restore conditions for low inflation and stable money demand …

inflation tax Laffer curve before abandoning the currency. Estimates of the seignorage-maximizing rate derive from a short … percent, generally exceeding monthly inflation …

unemployment. Our model succeeds in replicating the empirical fact of a downward sloping Phillips curve for low inflation rates and … an upward sloping curve for high inflation rates. The reason is that low inflation rates make saving, as opposed to …, when inflation exceeds a certain threshold, money is too costly to hold, which results in a decrease in output and an …

Bank of Zimbabwe (RBZ) operated on the correct side of the inflation tax Laffer curve. Estimated seignorage maximizing … prices for the Old Mutual insurance company's shares, which trade in London and Harare, serve as the measure of inflation … 242 to 315 percent and exceeded all monthly inflation rates …