We construct inflation pressure indicators based on the long-run relationship that exists between monetary aggregates … determinants considering its long-run coefficients. Our results indicate that monetary policy has been congruent with the inflation …

This paper presents an econometric analysis of the demand for the monetary aggregate M1 in Mexico. Using cointegration … value and stability of dual inflationary equilibria, given the observed seigniorage levels; (2) calculation of the … seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and …

This paper presents an econometric analysis of the demand for the monetary aggregate M1 in Mexico. Using cointegration … value and stability of dual inflationary equilibria, given the observed seigniorage levels; (2) calculation of the … seigniorage maximizing inflation rate, and (3) analysis of the potential relationship between a measure of excess money and …

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. …

Cointegration analysis is applied to investigate the long run relationships between money, prices, and wages in Norway … wealth. Domestic price inflation is affected by imported inflation including currency depreciation (a pass through effect …

Cointegration analysis is applied to investigate the long run relationships between money, prices, and wages in Norway … wealth. Domestic price inflation is affected by imported inflation including currency depreciation (a pass through effect …

testing approach to cointegration. Empirical results indicated that inflation in Nigeria proxied by CPI exhibited a strong … degree of inertia. The econometric results showed that past inflation and average rainfall appeared to have been the main … supply in the inflation process, lending credence to the dominance of the monetarist proposition on inflation dynamics in …

stability of the euro area money demand function. We also compare single equation methods like the ARDL approach, FM-OLS, CCR …