circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory …

circumstances more appropriate than the latter. What is more, they deliver results that are more in line with the economic theory …

cointegration and including a ratchet variable in the estimated Autoregressive Distributed Lag (ARDL) model. Empirical results show … that factors such as exchange rate risks, expected exchange rate depreciation, exchange rate spread, inflation expectations …

In this study we construct a measure of macroeconomic uncertainty from several observable …

doing so, it introduces and uses the monetary policy uncertainty (MPU) index, which can probably be a very appropriate and … studies that use conventional uncertainty-based independent variables. Empirical findings of both models indicate that changes …

endogenous money theory to be more precise in that regard. …

approach to address endogeneity. Consistent with economic theory, our estimates show a nonlinear demand function that exhibits …

study has employed a dynamically simulated autoregressive distributed lag (ARDL) cointegration approach, which shows a well …-specified and stable money demand in India after incorporating the inflation forecast variable as one of the essential determinants … aggregate, in the ongoing flexible inflation targeting framework, as one of the essential information or indicator variables …