Search Results - subject:"Monetary Model"

Real Sector Shocks and Monetary Policy Responses in a in a financially vulnerable Emerging Economy

Rajan, Ramkishen S.; Parulkar, Makarand - eSocialSciences - 2006

equilibrium output and exchange rate in the economy. This paper expands on the Aghion,Bacchetta and Banerjee (2000) monetary model …

Persistent link: https://www.econbiz.de/10005341684

Public Debt, Money Supply, and Inflation; A Cross-Country Study and its Application to Jamaica

Kwon, Goohoon; McFarlane, Lavern; Robinson, Wayne - International Monetary Fund (IMF) - 2006

This paper provides comprehensive empirical evidence that supports the predictions of Sargent and Wallace's (1981) "unpleasant monetarist arithmetic" that an increase in public debt is typically inflationary in countries with large public debt. Drawing on an extensive panel dataset, we find that...

Persistent link: https://www.econbiz.de/10005263906

An alternative for analysing and teaching monetary policy based on interest rate rules: the institutional perspectives from Myrdal's Monetary Equilibrium

Arias, Adrián De León - In: International Journal of Pluralism and Economics Education 4 (2013) 1, pp. 93-114

In this article, the author reviews the analysis developed by Gunnar Myrdal (1898-1987) in his Monetary Equilibrium (1932, 1933, 1965). The author argues that Myrdal's analysis of monetary rules based on interest rates is relevant for the current policy and pedagogy, not only because Myrdal...

Persistent link: https://www.econbiz.de/10011130219

Exchange rate predictability and a monetary model with time-varying cointegration coefficients

Park, Cheolbeom; Park, Sookyung - In: Journal of International Money and Finance 37 (2013) C, pp. 394-410

Many studies have pointed out that the underlying relations and functions for the monetary model (e.g. the PPP relation …' views or the scapegoat effect in Bacchetta and van Wincoop (2009). Facing this, we consider a monetary model with time … monetary model with constant cointegration coefficients but find favorable evidence for the time-varying cointegration …

Persistent link: https://www.econbiz.de/10011048479

The contribution of economic fundamentals to movements in exchange rates

Balke, Nathan S.; Ma, Jun; Wohar, Mark E. - In: Journal of International Economics 90 (2013) 1, pp. 1-16

. We use additional data on interest rate and price differentials along with the implications of the monetary model of …

Persistent link: https://www.econbiz.de/10011056343

The monetary model of exchange rates is better than the random walk in out-of-sample forecasting

Moosa, Imad A.; Burns, Kelly - In: Applied economics letters 20 (2013) 13/15, pp. 1293-1297

Persistent link: https://www.econbiz.de/10010198467

Exchange rate predictability and a monetary model with time-varying cointegration coefficients

Park, Cheolbeom; Park, Sookyung - In: Journal of international money and finance 37 (2013), pp. 394-410

Persistent link: https://www.econbiz.de/10010209045

Testing the monetary model for exchange rate determination in South Africa : evidence from 101 years of data

De Bruyn, Riané; Gupta, Rangan; Stander, Lardo - In: Contemporary economics 7 (2013) 1, pp. 19-32

Evidence in favor of the monetary model of exchange rate determination for the South African Rand is, at best, mixed. A … decided to test the long-run monetary model of exchange rate determination for the South African Rand relative to the US … Dollar using annual data from 1910 – 2010. The results provide some support for the monetary model in that long-run co …

Persistent link: https://www.econbiz.de/10009770376

The contribution of economic fundamentals to movements in exchange rates

Balke, Nathan S.; Ma, Jun; Wohar, Mark E. - In: Journal of international economics 90 (2013) 1, pp. 1-16

Persistent link: https://www.econbiz.de/10009751223

Monetary disequilibria and the Euro/Dollar exchange rate

Nautz, Dieter; Ruth, Karsten - 2005

Although stable money demand functions are crucial for the monetary model of the exchange rate, empirical research on …

Persistent link: https://www.econbiz.de/10010295686