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This article investigates the post-1990 link between broad money growth and inflation in 16 full-fledged inflation …-targeting regimes and four benchmark non-inflation-targeting regimes. This study employs the Christiano-Fitzgerald band-pass filter and …-pass filtering techniques, the link between money growth and inflation was weak and statistically nonsignificant over the …
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The Bolivian inflation process is analyzed utilizing a time-varying univariate and multivariate Markov-switching model … (TMS). With monthly data and, beginning in the late 1930s, inflation is accurately described by a univariate TMS. The … intercept for the high-inflation regime is significantly higher than for the low-inflation regime and the actual inflation rate …
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This paper uses the P‑star model to explain inflation dynamics in Turkey. In P‑star models, money determines the price … results with the Turkish data show that the price gap contains considerable information for explaining inflation dynamics …
Persistent link: https://www.econbiz.de/10013114926
the research conference on "Globalisation and Inflation Dynamics in Asia and the Pacific" co-hosted by the People's Bank …://ssrn.com/abstract=2420025" Globalisation, Inflation and Monetary Policy in Asia and the Pacific …
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structural changes would provide a good empirical description of the classical model of inflation for Spain over this long period …. The principle testable implication is that money growth and inflation are cointegrated, ruling out speculative bubbles in … the Spanish inflation rates. …
Persistent link: https://www.econbiz.de/10015166985