Showing 1 - 10 of 357
, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two long run relations …: an output equation as predicted by the theory and a standard real money demand equation with inflation acting as a proxy … significant negative long run association between inflation and real GDP, which is suggestive of economic inefficiencies. Once the …
Persistent link: https://www.econbiz.de/10010276267
economies, six of which are current members of OPEC (Iran, Kuwait, Libya, Nigeria, Saudi Arabia, and Venezuela), plus Indonesia …
Persistent link: https://www.econbiz.de/10010282525
money balances, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two … long run relations: an output equation as predicted by the theory and a standard real money demand equation with inflation … significant negative long run association between inflation and real GDP, which is suggestive of economic inefficiencies. Once the …
Persistent link: https://www.econbiz.de/10008527294
We investigate the effect of forecast uncertainty in a cointegrating vector error correction model for Switzerland. Forecast uncertainty is evaluated in three different dimensions. First, we investigate the effect on forecasting performance of averaging over forecasts from different models....
Persistent link: https://www.econbiz.de/10005700993
nine major oil economies, six of which are current members of OPEC (Iran, Kuwait, Libya, Nigeria, Saudi Arabia, and …
Persistent link: https://www.econbiz.de/10010550529
chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation …
Persistent link: https://www.econbiz.de/10010276468
chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation …
Persistent link: https://www.econbiz.de/10005030883
inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the flexible countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …
Persistent link: https://www.econbiz.de/10010328933
inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …
Persistent link: https://www.econbiz.de/10011128045
. Two periods are distinguished: the period of inflation rise from 1970 to 1981, which coincides with an important squeeze …
Persistent link: https://www.econbiz.de/10010261586