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Comment on Feige's Paper 'Reflections on the Meaning and Measurement of Unobserved Economies : What Do We Really Know about the 'Shadow Economy'?'

Schneider, Friedrich - 2016

This comment provides a reply to Prof. Feige's paper with the title “Reflections on the Meaning and Measurement of Unobserved Economies: What do we really know about the ‘Shadow Economy'?”, in which Prof. Feige heavily criticizes me. I show that the same critique which Prof. Feige raises...

Persistent link: https://www.econbiz.de/10012994281

Reflections on the Meaning and Measurement of Unobserved Economies : What Do We Really Know About the 'Shadow Economy'

Feige, Edgar L. - 2016

This paper reviews the meaning and measurement of unobserved economies germane to tax evasion and macroeconomic information systems. These include the unreported, non-observed, underground, illegal, informal and unrecorded economies. It reviews the progress and shortcomings of national and...

Persistent link: https://www.econbiz.de/10012999626

The economics of international adjustment

Hinshaw, Randall Weston (contributor); Hinshaw, Randall (ed.) - 1971

Persistent link: https://www.econbiz.de/10000331980

Stylized Facts on Demand for Money in Nigeria

Teriba, Ayo - 2006

This paper distils the key lessons from a comparison of the qualitative and quantitative attributes of the empirical models recovered for M1 and DD (see Teriba (2006a and b)), with emphasis on the tradeoffs that the two models present for policy makers. Highlights: Similarities a. Domestic...

Persistent link: https://www.econbiz.de/10014060207

Demand for M1 in Nigeria

Teriba, Ayo - 2006

theory. We explore alternative approaches for dealing with these choices and demonstrate the sensitivity of modeling outcomes …

Persistent link: https://www.econbiz.de/10014060212

Do Central Banks‘ repo Transactions and Liquidity Infusions Increase Financial Stability Risks? A Case for Circular Monetary Economics

Kouam, Henri - 2020

Central banks repo market operations and liquidity infusions occasion a structural liquidity mismatch in bank balance sheets and increase the dependence on central bank liquidity. This paper argues for what I term “Circular Monetary Economics”, an approach to monetary policy that seeks to...

Persistent link: https://www.econbiz.de/10012825201

Stability of Money Demand and Monetary Policy in Papua New Guinea (PNG) : An Error Correction Model Analysis

Arjunan, Kannapiran - 2017

An error correction model (ECM) is used to study the properties of money demand and to evaluate the appropriate monetary policy in PNG. The study confirms that the determinants of money demand are real GDP, nominal interest and inflation rate. The income elasticity of money demand is very low....

Persistent link: https://www.econbiz.de/10012964634

Constructing divisia monetary aggregates for Singapore

Barnett, William A.; Nguyen, Van H. - In: Journal of risk and financial management : JRFM 14 (2021) 8, pp. 1-15

microeconomic aggregation or index number theory. However, most central banks in the world, including that of Singapore, the …Since Barnett derived the user cost price of money, the economic theory of monetary services aggregation has been … developed and extended into a field of its own with solid foundations in microeconomic theory. Divisia monetary aggregates have …

Persistent link: https://www.econbiz.de/10012626752

Does Money Help Predict Inflation? An Empirical Assessment for Central Europe

Horvath, Roman - 2012

This paper investigates the predictive ability of money for future inflation in the Czech Republic, Hungary, Poland and Slovakia. We construct monetary indicators similar to those the European Central Bank regularly uses for monetary analysis. We find in-sample evidence that money matters for...

Persistent link: https://www.econbiz.de/10013109299

Does Money Matter in Inflation Forecasting?

Binner, Jane M. - 2010

This paper provides the most fully comprehensive evidence to date on whether or not monetary aggregates are valuable for forecasting US inflation in the early to mid 2000s. We explore a wide range of different definitions of money, including different methods of aggregation and different...

Persistent link: https://www.econbiz.de/10013152415