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The main objective of this study is to empirically re-investigate the money-prices nexus for Malaysia through the … the long run. Furthermore, the MWALD causality test shows a bidirectional causal relationship between money supply (M2 … causal relationships are not stable over the analysis period. These results suggest that inflation in Malaysia is not purely …
Persistent link: https://www.econbiz.de/10009194393
Persistent link: https://www.econbiz.de/10011822768
testing approach to cointegration. Empirical results indicated that inflation in Nigeria proxied by CPI exhibited a strong … degree of inertia. The econometric results showed that past inflation and average rainfall appeared to have been the main … determinants of inflationary process in Nigeria over the study period. We also found strong evidence of the importance of money …
Persistent link: https://www.econbiz.de/10011961642
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … holding money. To that end, an extensive long-run econometric analysis of money demand is carried out for Mexico using the … monetary aggregate M1. Based on it, two indicators are calculated, the money gap and the m* indicator. Such gap measures …
Persistent link: https://www.econbiz.de/10011445082
testing approach to cointegration. Empirical results indicated that inflation in Nigeria proxied by CPI exhibited a strong … degree of inertia. The econometric results showed that past inflation and average rainfall appeared to have been the main … determinants of inflationary process in Nigeria over the study period. We also found strong evidence of the importance of money …
Persistent link: https://www.econbiz.de/10011534974
We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … holding money. To that end, an extensive long-run econometric analysis of money demand is carried out for Mexico using the … monetary aggregate M1. Based on it, two indicators are calculated, the money gap and the m* indicator. Such gap measures …
Persistent link: https://www.econbiz.de/10011294297
large number of researches conducted to understand the exact nature of relation between money supply and inflation, there … velocity of money and inflation, unidirectional causality between interest rate and inflation, GDP and inflation while no … causality has been detected between money supply and inflation. These results are further confirmed based on Impulse response …
Persistent link: https://www.econbiz.de/10012911734
Building on the results in Nalewaik (FEDS 2015-93), this work models wage growth and core PCE price inflation as regime … price inflation that becomes much larger after labor markets tighten beyond a certain point. The results are informative for … assessing the likelihood and risks of meeting certain inflation targets on a sustained basis …
Persistent link: https://www.econbiz.de/10013210454
points to a good forecasting performance of quantile regressions with TVPs augmented with specific credit and money …
Persistent link: https://www.econbiz.de/10012643282
Building on the results in Nalewaik (FEDS 2015-93), this work models wage growth and core PCE price inflation as regime … price inflation that becomes much larger after labor markets tighten beyond a certain point. The results are informative for … assessing the likelihood and risks of meeting certain inflation targets on a sustained basis …
Persistent link: https://www.econbiz.de/10011578735