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monetary and credit aggregates are very often selected among the top predictors of inflation, with their predictive power … and credit variables in forecasting inflation, even if their information content is diluted in a much broader pool of …
Persistent link: https://www.econbiz.de/10011606060
for future inflation for the cross section of New EU Member States. This paper provides stylized facts on monetary versus … non-monetary (economic and fiscal) determinants of inflation in these countries as well as formal econometric evidence on … predicting inflation at longer (3-year) horizons. …
Persistent link: https://www.econbiz.de/10011605061
series perspective. More specifically, we investigate how dollarization effects inflation, GDP, inflation uncertainty and … money-price relationship in Ecuador. There are four main findings of this study. First, inflation is lower after official … prices and increase in the equity markets of emerging economies. Third, inflation uncertainty measured by inflation variance …
Persistent link: https://www.econbiz.de/10010320533
The study models the behaviour of the Central Bank of Nigeria. An extended Taylor's framework that accounted for … investigation spanned 1981q1 - 2017q4. The study found that money supply in Nigeria was endogenous and showed, consequently, that … the Central Bank of Nigeria (CBN) acted discretionally rather than stick to some monetary policy rules for the period …
Persistent link: https://www.econbiz.de/10014547759
Japan's "two lost decades" perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as "Japanization." More recently, widespread stagnation in advanced economies in the wake of the global financial crisis led to fears that Japanization might spread...
Persistent link: https://www.econbiz.de/10010397215
Simple sum monetary aggregates are based on accounting conventions and have no aggregation theoretic foundations in economic theory. In contrast, Divisia monetary aggregates are directly derived from aggregation and index number theory. Credit card services cannot be included in simple sum...
Persistent link: https://www.econbiz.de/10014332646
Durch Bereitstellung von Krediten tragen Banken zur Transformation von Finanzkapital in Sachkapital bei. Die Kreditvergabepolitik der Schweizer Banken hat sich im vergangenen Vierteljahrhundert stark gewandelt. Basierend auf einem Datensatz (1987-2012) mit bankengruppenspezifischen Bilanzdaten...
Persistent link: https://www.econbiz.de/10011386830
We find empirical evidence of a financial accelerator using a data based procedure of Structural Model Design. Credit to firms, asset prices and aggregate economic activity interact over the business cycle in our empirical model of a dynamic economy. Furthermore, the interdependence between...
Persistent link: https://www.econbiz.de/10011968339
In this paper, the authors investigate the statistical properties of some cryptocurrencies by using three layers of analysis: alpha-stable distributions, Metcalfe's law and the bubble behaviour through the LPPL modelling. The results show, in the medium to long-run, the validity of Metcalfe's...
Persistent link: https://www.econbiz.de/10011984445
In this paper the authors investigate the statistical properties of some cryptocurrencies by using three layers of analysis: alpha-stable distributions, Metcalfe's law and the bubble behaviour through the LPPL modelling. The results show, in the medium to long-run, the validity of Metcalfe's law...
Persistent link: https://www.econbiz.de/10012007754