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of previously accumulated money will trigger a hyperinflation. This paper finds, instead, that whether a country’s fiscal …
Persistent link: https://www.econbiz.de/10014396464
This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile …
Persistent link: https://www.econbiz.de/10014398469
This paper explores the behavior of money demand by explicitly accounting for the money supply endogeneity arising from endogenous monetary policy and financial innovations. Our theoretical analysis indicates that money supply factors matter in the money demand function when the money supply...
Persistent link: https://www.econbiz.de/10014401308
The development of empirical foundations to the conduct of monetary policy in Tunisia is the central concern of this paper. Finding stable money demand functions, it broadly corroborates the choice of monetary aggregates as intermediate targets of monetary policy by the Tunisian Central Bank. It...
Persistent link: https://www.econbiz.de/10014403786
Based on the observed behavior of monetary aggregates and exchange rates, we classify inflation-stabilization episodes …
Persistent link: https://www.econbiz.de/10014400167
reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …
Persistent link: https://www.econbiz.de/10014400741
inflation rates mainly to make up for, and to perhaps exploit, lagging internal and external liberalization in their economies … changes in institutions, suggest that incentives may be diminishing, but not to the point where inflation levels below 5 … inflation, and enhancements to central bank independence could help shield these central banks from pressures …
Persistent link: https://www.econbiz.de/10014399697
This paper explores inflation dynamics and monetary policy in Bolivia. Bolivia's monetary policy framework has been … effective in stabilizing inflation in recent times. This has been a challenging task given high price volatility of key consumer … framework has contributed to the stabilization of inflation, with effective transmission through the bank lending channel, while …
Persistent link: https://www.econbiz.de/10011445826
Persistent link: https://www.econbiz.de/10012487229
foreign factors are important determinants of inflation in Uganda …
Persistent link: https://www.econbiz.de/10014401658