Search Results - subject:"Monetary aggregates"

Is money informative? Evidence from a large model used for policy analysis

Altissimo, Filippo; Gaiotti, Eugenio; Locarno, Alberto - EconWPA - 2004

in monetary and real variables. We find that bank interest rates have a strong information content. Monetary aggregates …

Persistent link: https://www.econbiz.de/10005412693

Multilateral Aggregation-Theoretic Monetary Aggregation over Heterogeneous Countries

Barnett, William A. - EconWPA - 2004

Bank in the construction of its Divisia monetary aggregates database, with convergence from the most general to the more …

Persistent link: https://www.econbiz.de/10005412714

On User Costs of Risky Monetary Assets

Barnett, William A.; Wu, Shu - EconWPA - 2004

-adjusted Divisia monetary aggregates to the case of multiple non-monetary assets and intertemporal non- separability. Our model can …

Persistent link: https://www.econbiz.de/10005412796

Monetary aggregation for a developing economy: a case study of Nigeria

Gebregiorgis, Bekele Sinkie; Handa, Jagdish - In: Journal of Developing Areas 38 (2004) 2, pp. 119-141

This paper examines the appropriate formulation of the monetary aggregate for the Nigerian economy for the period 1970:1-2000:4 for the determination of real output. This examination covers simple sum, Variable Elasticity of Substitution (VES) and Divisia (DV) aggregation over currency, demand...

Persistent link: https://www.econbiz.de/10011213204

U.S. Domestic Money, Inflation and Output

Aksoy, Yunus; Piskorski, Tomasz - EconWPA - 2004

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/10005126378

Money as an indicator variable for monetary policy when money demand is forward looking

Kajanoja, Lauri - EconWPA - 2004

This paper studies the gain from using money as an indicator when monetary policy in made under data uncertainty. We use a forward and backward looking model, calibrated for the euro area. The policymaker cannot completely observe the state of the economy. Money reveals some of the private...

Persistent link: https://www.econbiz.de/10005126466

From the Debt Crisis toward Economic Stability; An Analysis of the Consistency of Macroeconomic Policies in Mexico

Rojas-Suárez, Liliana - International Monetary Fund (IMF) - 1992

This paper uses a simple framework based on the government budget constraint to analyze the consistency of macroeconomic policies undertaken in Mexico during the period 1978 to mid-1991. It was found that the interaction between the actual implementation of economic policies and economic...

Persistent link: https://www.econbiz.de/10005768753

Discretionary Monetary Policy Versus Rules; The Japanese Experience During 1986-91

Meredith, Guy - International Monetary Fund (IMF) - 1992

This paper compares the hypothetical performance of various monetary policy rules with that of the discretionary policies actually pursued in Japan over the 1986-91 period. The results suggest that simple rules based on targeting growth in either the money supply, nominal income, or prices would...

Persistent link: https://www.econbiz.de/10005599506

Money and Credit Under Currency Substitution

Rodriguez, Carlos A. - International Monetary Fund (IMF) - 1992

This paper examines the effects on the supply of money and credit of a repatriation of foreign assets in an economy subject to currency substitution. In the absence of 100 percent reserve requirements, such a change in the location of deposits, which is not compensated by an increase in money...

Persistent link: https://www.econbiz.de/10005599625

Asymmetry in the ERM; A Case Study of French and German Interest Rates Since Basle-Nyborg

Perraudin, W. R. M.; Gardner, E. H. - International Monetary Fund (IMF) - 1992

We study empirically daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany’s...

Persistent link: https://www.econbiz.de/10005605363