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Background: This paper examines the role of monetary and fiscal factors in interest rate variations in Sri Lanka under its deregulated regime of interest rates. In addition the paper also examines the role of monetary factors in the variation of interest rates, using a quarterly dataset for the...
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This paper re-examines the UIP relation by estimating first a benchmark linear Cointegrated VAR including the nominal exchange rate and the interest rate differential as well as central bank announcements, and then a Cointegrated Smooth Transition VAR (CVSTAR) model incorporating nonlinearities...
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Data on monetary aggregates are subject to periodic redefinitions, presumably in part to improve their link to measures of output. Money data are also revised on a regular basis. Taking these data imperfections into account, we reassess the evidence on the marginal predictive content of M1 and...
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Die vorherrschende geldtheoretische Schule in Deutschland erklärt die Geldmenge als Produkt aus Basisgeldmenge und …. -- Das geldpolitische Konzept der Bundesbank einer indirekten Steuerung der Geldmenge über die Refinanzierungszinsen wird als … repräsentativen Geschäftsbank ein. Die Analyse zeigt, daß der quantitative Anker für die volkswirtschaftliche Geldmenge bei einer …
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