inflation as the relevant inflation variable, given that the M3 money demand function is deflated by consumer price inflation … developed by Pesaran et al. (1996) together with non-nested tests are used. These show that money and 'excess' money are … determined money supply is that a long-run analysis of inflation in South Africa should search beyond the realms of the Central …

The main purpose of this paper is to describe South Africa's money supply process along several competing, but not … empirical results is that irrespective of the monetary system at the time, the money supply process in South Africa is … predetermined M3 monetary growth targets on a consistent basis since the mid 1980s is the direct result of an endogenous money …

inflation as the relevant inflation variable, given that the M3 money demand function is deflated by consumer price inflation … developed by Pesaran et al. (1996) together with non-nested tests are used. These show that money and 'excess' money are … determined money supply is that a long-run analysis of inflation in South Africa should search beyond the realms of the Central …

The main purpose of this paper is to describe South Africa's money supply process along several competing, but not … empirical results is that irrespective of the monetary system at the time, the money supply process in South Africa is … predetermined M3 monetary growth targets on a consistent basis since the mid 1980s is the direct result of an endogenous money …

of money flows and the links between monetary base, money supply and monetary income. Further, the monetary policy …

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 …

seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and … inflation. Results indicate that the low inflation equilibrium is stable, and that the excess money indicator shows, in …

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 …