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the crypto space. Still, empirical evidence on whether Bitcoin is an asset that protects investors against inflation is … still inconclusive. To contribute to this debate, we analyze the effect of inflation shocks on bitcoin returns through the … estimation and inference of Vector Autoregressive Models (VARs). Unlike previous research on the topic, we identify inflation …
Persistent link: https://www.econbiz.de/10015213262
This paper examines the usefulness of the Zillow Observed Rent Index (ZORI) in predicting CPI rent inflation. Using … CPI rent inflation, its effectiveness is limited to periods when there is a significant disparity between these two … statistically significant difference between models that incorporated Zillow rent inflation and those that did not. However …
Persistent link: https://www.econbiz.de/10015213402
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
product (GDP), interest rates, and inflation rates for financial deepening (FD) in Ghana. GDP per capita and interest rates … exhibit statistically significant impacts on FD in Ghana, whereas inflation exerts an insignificant inverse effect. The …
Persistent link: https://www.econbiz.de/10015213482
-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/10015213526
-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 note examines Prabhat Patnaik's argument that the contemporary international financial system crucially requires the stability of oil prices in terms of the dollar. By comparing the macroeconomic impact of recent oil shocks to those of the 1970s, it argues that sharp changes in the dollar...
Persistent link: https://www.econbiz.de/10015213571
undergone many criticisms and evolutions. The Phillips curve yet remains a fundamental tool for inflation forecasting and …
Persistent link: https://www.econbiz.de/10015213587
The paper estimates that the pass-through coefficient of a devaluation to prices paid by consumers in around 20-25% and has a duration of 6 to 8 months, in general. The economic model underlying the estimate follows an adaptive expectations scheme on the free exchange rate, while the associated...
Persistent link: https://www.econbiz.de/10015213594
This paper proposes a new measure proxying the degree of anchoring of inflation expectations on an individual …. First, we construct a measure for the degree of anchoring of inflation expectations for each forecaster based on his …/her inflation expectations taking into account both point and density forecasts. Second, we regress this anchoring measure on the …
Persistent link: https://www.econbiz.de/10015213646