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wealth. Domestic price inflation is affected by imported inflation including currency depreciation (a pass through effect …
Persistent link: https://www.econbiz.de/10005382373
-star model for Turkey, the paper concludes that despite the considerable fall in medium-term inflation rate in recent years, it … is still short of satisfying CBRT’s medium to long-term inflation target of 4-5 percent. …
Persistent link: https://www.econbiz.de/10005082497
Die Inflation ist derzeit das beherrschende makroökonomische Problem in China. Seit einigen Monaten werden … ausgeben müssen. Hält der Preistrend an, nimmt die Gefahr von sozialen Unruhen zu. Die Inflation ist zum einen auf die stark … erforderlich wären. Allerdings tragen binnenwirtschaftliche Faktoren zunehmend zur Inflation bei. Dazu zählen insbesondere Zuwächse …
Persistent link: https://www.econbiz.de/10009385857
The paper proposes two econometric models of inflation for Azerbaijan: one based on monthly data and eclectic, another … based on quarterly data and takes into account disequilibrium at the money market. Inflation regression based on monthly … data showed that consumer prices dynamics is explained by money growth (the more money, the higher the inflation), exchange …
Persistent link: https://www.econbiz.de/10009650244
Based on a standard model of money demand, this paper first shows that a relationship between money supply and prices may be substantially weakened when money demand is highly interest-elastic, and then presents empirical evidence for this implication using the Japanese money market data for the...
Persistent link: https://www.econbiz.de/10009206496
not separable in consumption and real balances, and trend inflation. An empirical study of U.S. data revealed that there … trend inflation. A further decline in the interest-elasticity of the demand for money was observed in the 1980s due to the … welfare cost of inflation that subsequently explains the rise in monetary neutrality observed in the data …
Persistent link: https://www.econbiz.de/10012847205
inflation and relative price effects in a nonlinear fashion. Employing data from the post-WWII Chinese hyperinflationary episode …
Persistent link: https://www.econbiz.de/10014048888
both new and surprising. There are both extensive and intensive margins to currency substitution, and inflation may affect …
Persistent link: https://www.econbiz.de/10014073606
separable in consumption and real balances, and trend inflation. An empirical study of U.S. data revealed that there was a … inflation. A further decline in the interest-elasticity of the demand for money was observed in the 1980s due to the changing … cost of inflation that subsequently explains the rise in monetary neutrality observed in the data …
Persistent link: https://www.econbiz.de/10014096096
It has recently been suggested by Robert Lucas that "shoe-leather" costs of inflation may amount to as much as 1% of …
Persistent link: https://www.econbiz.de/10014208582