Search Results - subject:"Monetary aggregates"

Chapter 3. Money and Inflation : Some Critical Issues

McCallum, Bennett T.; Nelson, Edward - In: Handbook of monetary economics : volume 3, (pp. 97-153). 2010

We consider what, if any, relationship there is between monetary aggregates and inflation, and whether there is any … substantial reason for modifying the current mainstream mode of policy analysis, which frequently does not consider monetary … aggregates at all. We begin by considering the body of thought known as the “quantity theory of money.” The quantity theory …

Persistent link: https://www.econbiz.de/10014025677

El ajuste estacional y los efectos del calendario doméstico en un agregado monetario para Argentina

Burdisso, Tamara; Blanco, Emilio; Sardi, Mariano - In: Ensayos económicos 57/58 (2010), pp. 145-186

Persistent link: https://www.econbiz.de/10011489483

Domestic money and US output and inflation

Aksoy, Yunus; Piskorski, Tomasz - 2001

Recent empirical research found that the strong short-term relationship between monetary aggregates and US real output … between US monetary aggregates and these macroeconomic fundamentals by taking into account the international currency feature … Friedman and Schwartz's stylized facts can be reestablished once the focus of analysis is back on the domestic monetary …

Persistent link: https://www.econbiz.de/10010317407

Does liquidity matter? Properties of a synthetic divisia monetary aggregate in the euro area

Stracca, Livio - 2001

This paper sets out to build a synthetic quarterly Divisia monetary aggregate for the euro area using area wide data over the sample period from 1980 to 2000. Then, the analysis proceeds in two separate steps. First, the demand for this Divisia monetary aggregate is evaluated using econometric...

Persistent link: https://www.econbiz.de/10011604125

Foreign Holdings of Dollars and Information Value of US Monetary Aggregates

Aksoy, Yunus; Piskorski, Tomasz - Centrum voor Economische Studiën, Faculteit Economie … - 2001

Recent empirical research has found that the strong short-term relationship between US monetary aggregates and … between US monetary aggregates and macroeconomic fundamentals. By using the official US data constructed by Porter and Judson … analysis is back on the domestic monetary aggregates. …

Persistent link: https://www.econbiz.de/10005503904

Does liquidity matter? Properties of a synthetic divisia monetary aggregate in the euro area

Stracca, Livio - European Central Bank - 2001

Persistent link: https://www.econbiz.de/10005530804

Domestic money and US output and inflation

Aksoy, Yunus; Piskorski, Tomasz - Center for Financial Studies - 2001

Persistent link: https://www.econbiz.de/10010958814

Implications of Globalization for Monetary Policy

Wagner, Helmut - International Monetary Fund (IMF) - 2001

This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the one hand, the many structural changes that are associated with the globalization process cause an increase in the uncertainty surrounding monetary policy. This includes an...

Persistent link: https://www.econbiz.de/10005769098

Implementation of Monetary Policy and the Central Bank's Balance Sheet

Schaechter, Andrea - International Monetary Fund (IMF) - 2001

This paper discusses how the choice of central banks' operating targets influences the use of their monetary policy instruments and how the latter affect the central bank's balance sheet. This is of particular interest, since the monetary conditionality in IMF-supported programs has...

Persistent link: https://www.econbiz.de/10005769284

A Cointegration Analysis of Broad Money Demand in Cameroon

Nachega, Jean-Claude - International Monetary Fund (IMF) - 2001

This paper applies cointegration analysis and error-correction modeling to investigate the behavior of broad money demand in Cameroon over 1963/64-1993/94. The cointegrated VAR analysis first describes an open-economy model of money, prices, income, and a vector of rates of return, within which...

Persistent link: https://www.econbiz.de/10005605354