Showing 1 - 10 of 132
equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …
Persistent link: https://www.econbiz.de/10005124935
During the last two decades of the twentieth century, Brazil went through a sequence of failed stabilization plans that tried to cope with an enduring hyperinflation. This paper uses a money demand model to evaluate monetary policies during those episodes. The consistency between the money...
Persistent link: https://www.econbiz.de/10005124863
and population welfare been suffering of both a persistent and high inflation during the four first years of its young … cointegration test, we assert that between January 1992 and November 1995, the Ukraine was faced with a complex monetary regime in … inflation is contained but wages and pensions arrears increase quickly. Such a situation is not sustainable in the short and we …
Persistent link: https://www.econbiz.de/10005407979
Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … open economy macro model, we estimate our model using structural cointegration and vector error correction methods. Our … to capture all the relevant information for inference on money and inflation in Russia. …
Persistent link: https://www.econbiz.de/10005412642
equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …
Persistent link: https://www.econbiz.de/10005556635
This paper discusses the econometric model of inflation processes in the Republic of Belarus which makes it possible to … econometrics: cointegration analysis and error-correction models. The model has good statistical properties, it demonstrates …
Persistent link: https://www.econbiz.de/10005561160
This paper reassesses the long-run relation between nominal interest rates and inflation using German data. It shows … adjusting to changes in inflation, can be attributed to the particular time series behavior of inflation and interest rates … bivariate system of inflation and interest rates depends on the level of the variables and should be modeled as a thresh …
Persistent link: https://www.econbiz.de/10005126206
A theoretical model of inflationary dynamics in Ecuador is specified for the pre-dollarization period when the sucre was still the official currency. Parameter estimation is carried out using a battery of time series techniques. Monthly data from January 1964 to December 1994 are used in the...
Persistent link: https://www.econbiz.de/10005126131
The size, growth and causes of the US “underground economy” are examined in light of new estimates of foreign holdings of US currency. World dollarization partially resolves the “currency enigma” which refers to the anomaly that roughly 80% of the US currency supply is “missing” and...
Persistent link: https://www.econbiz.de/10005076736
Many public policy decisions require analytical and empirical knowledge concerning the size, growth, causes and consequences of the ‘underground economy”. This paper seeks to clarify the meaning of underground activity, updates various discrepancy and fiscal estimates of its size and growth,...
Persistent link: https://www.econbiz.de/10005561083