into account leads to ambiguous effects w.r.t. to the impact of capital as well as inflation risk, thus contradicting …. The results reveal that U.S. households increase their demand for money in response to positive changes in inflation and …

ambiguous effects w.r.t. to the impact of capital market risk as well as inflation risk, which is due to the interplay of … response to positive changes in inflation risk and capital market risk, respectively, with both effects lasting permanently. …

shift in the first half of this decade. We show that the current financial crisis has no impact on the stability of our …

determine when and if a seigniorage-maximizing inflation rate occurred and this way provide a rational on the development of … that the seigniorage-maximizing rate of inflation of the Venezuelan economy occurred around the first quarter of 2016 at a … monthly inflation rate of approximately 13 percent. The implications of this are that when facing the choice of maximizing …

investment can help hedge against inflation in the United States (US) and Canada. This study employed an autoregressive … distributed lag (ARDL) cointegration test developed by Pesaran, Shin, and Smith (2001), and finds evidence of a positive long … against inflation in the United States and Canada. …

cointegration and including a ratchet variable in the estimated Autoregressive Distributed Lag (ARDL) model. Empirical results show … that factors such as exchange rate risks, expected exchange rate depreciation, exchange rate spread, inflation expectations … may portend negative implications for the stability of the money demand function as well as the effectiveness of monetary …

This paper uses neoclassical demand theory to calculate the welfare costs of inflation. It considers the demand …-run welfare costs of inflation that is internally consistent with the data and models used …

The relation between money and price has unique relevance in price stability. Rational expectations theorists hold that … in WPI and CPI inflation and justifying the rational expectations proposition. Price level, therefore, can be stabilized … through appropriate monetary management. -- anticipated Money ; unanticipated money ; cointegration ; causality ; rational …