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study has employed a dynamically simulated autoregressive distributed lag (ARDL) cointegration approach, which shows a well …
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and test for the stability of the demand for money function for M1 by employing a recent single cointegration procedure …
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Empirical tests of the quantity theory and particularly the neutrality of money are based on the idea that money growth "explains", to some extent, inflation. Modern macroeconomic theory, however, considers inflation targeting central banks which use the interest rate as a policy tool, while...
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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 continuous wavelet transform to analyze the...
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