Showing 1 - 10 of 3,343
ascertain the relationship between fiscal deficits and inflation. To do so, the author incorporates a Selden-Latané money … of high inflation in Mexico during the last three decades of the twentieth century. …
Persistent link: https://www.econbiz.de/10015213459
-run relationship between inflation and economic growth of the 8 WAEMU countries. A panel of 256 observations was therefore constituted … from the IMF (WDI) and BCEAO database. Our results highlight a unidirectional causality between inflation and economic … growth and support the view that public spending controls can reduce inflation. Economic growth is the main channel through …
Persistent link: https://www.econbiz.de/10015213529
This study investigates the effect of CBDC issuance on economic growth rate and inflation rate in Nigeria. We are … interested in determining whether the rate of economic growth and inflation changed significantly after the issuance of a non …-interest bearing CBDC in Nigeria. Two-stage least square regression and granger causality test were used to analyse the data. Inflation …
Persistent link: https://www.econbiz.de/10015213768
This paper focuses on the uncertainty effect on consumer price inflation based on a panel of 82 advanced, emerging, and …) and by measuring the degree of anchoring of survey inflation expectations. We argue that the interpretation of uncertainty … for countries with high inflation and/or low monetary policy credibility. We find that higher uncertainty boosts inflation …
Persistent link: https://www.econbiz.de/10015214382
Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation of the currency (the FX puzzle). We show that incorporating forward-looking...
Persistent link: https://www.econbiz.de/10015214422
Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation of the currency (the FX puzzle). We show that incorporating forward-looking...
Persistent link: https://www.econbiz.de/10015214450
In this paper, we propose a novel approach to classifying inflation-targeting (IT) economies based on fractionally … of inflation rate series to identify four de facto IT strategies, or ‘shades’ of IT. Moving from negative orders of …
Persistent link: https://www.econbiz.de/10015214867
Informed by the recent run of rising and persistent inflation in Nigeria, which puts headline and food inflation at 28 … inflation targeting as an alternative monetary policy framework to achieve the principal goal of monetary policy - price … the Central Bank of Nigeria to an inflation-targeting institution. First, we suggest either of the following bands for …
Persistent link: https://www.econbiz.de/10015214904
Despite the distinctive character of the Austrian approach to “microfoundations for macroeconomics”, the literature on free banking contains a number of arguments which make use of game-theoretic concepts and models such as the well-known Prisoner´s Dilemma model. While there can be no...
Persistent link: https://www.econbiz.de/10015215390
This paper presented the salient features of current Monetary Policy and its effectiveness to control inflation in … Pakistan. The monetary authority was successful in controlling inflation when it successfully controlled the money supply … concluded that in the recent years SBP failed to control money supply and hence rate of inflation within the set target level …
Persistent link: https://www.econbiz.de/10015215440