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-WWII period. The contribution of regional comovements, however, has increased significantly. Second, the share of inflation … comovements within regions have accounted for the bulk of fluctuations in business cycle and inflation. Fourth, prices have become …
Persistent link: https://www.econbiz.de/10009318449
This paper studies the leadlag pattern in the interaction between credit and growth cycles of India at three levels i.e. at the aggregate level for annual GDP growth, at the sectoral level across agriculture, industry and services, and also across major industries. The study focuses on three...
Persistent link: https://www.econbiz.de/10009393108
This paper investigates the links between inflation, its uncertainty and economic growth in five ASEAN countries over … three variables. The major findings are: (i) inflation uncertainty increases more in response to positive inflation … surprises than to negative surprises in all countries; (ii) inflationary shocks affect positively inflation uncertainty as …
Persistent link: https://www.econbiz.de/10010726689
This paper investigates the links between inflation, its uncertainty and economic growth in five ASEAN countries over … three variables. The major findings are: (i) inflation uncertainty increases more in response to positive inflation … surprises than to negative surprises in all countries; (ii) inflationary shocks affect positively inflation uncertainty as …
Persistent link: https://www.econbiz.de/10010729126
Persistent link: https://www.econbiz.de/10012663960
Persistent link: https://www.econbiz.de/10014461574
Persistent link: https://www.econbiz.de/10014259189
In this study, the causal relationships between inflation, output growth and uncertainty have been re-examined for the … period with monthly data, the mutual Granger causality between inflation and inflation uncertainty cannot be rejected in a … lower the output growth uncertainty. Some evidence have also been obtained in favor of that an increase in inflation …
Persistent link: https://www.econbiz.de/10008458504
This paper develops a full-fledged cost-benefit analysis of monetary integration, and applies it to the currency unions actively pursued in Africa. The benefits of monetary union come from a more credible monetary policy, while the costs derive from real shock asymmetries and fiscal disparities....
Persistent link: https://www.econbiz.de/10008560420
growth. Similarly no support is found for the hypotheses that inflation uncertainty affects output growth negatively and … increases the mean of inflation. The empirical evidence also suggests that output growth uncertainty is not related to the … levels of inflation or output growth. Finally, there is evidence that exchange rate uncertainty increases inflation and that …
Persistent link: https://www.econbiz.de/10010699624