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 …

related to standard Ramsey theory of “wedge smoothing”; by following a positive-inflation policy under sticky prices, the …-run inflation rate in a labor search and matching framework under the presence of Downward Nominal Wage Rigidity (DNWR). In this … environment, optimal monetary policy targets a positive inflation rate; the annual long-run inflation rate for the U.S. is around …

into a VAR model with ARCH shocks to measure the effect monetary policy uncertainty has on inflation, output growth …

This paper revisits the issue of determinants of inflation in India in a Phillips curve framework and makes two key … contributions in relation to existing studies. First, in the context of the Reserve Bank moving towards a flexible inflation … targeting framework based on consumer price index (CPI) inflation, this paper attempts to model dynamics of the CPI inflation …