Showing 1 - 10 of 1,650
This study empirically examines the nexus among budget deficit, money supply and inflation by using a monthly data set … from January 1995 to December 2012 and a SVAR model with five endogenous variables, inflation, money growth, budget deficit … growth has positive effects on inflation while budget deficit growth has no impact on money growth and therefore inflation …
Persistent link: https://www.econbiz.de/10011112250
For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey … models of forecasting inflation, the data are low frequency measures which appear anachronistic in the modern era of high … frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many …
Persistent link: https://www.econbiz.de/10009647457
I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of … inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused … on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the …
Persistent link: https://www.econbiz.de/10009650037
In this study we quantified the welfare cost of inflation from the estimated long-run money demand functions for … negatively related to the interest rate. The welfare gain of moving from positive inflation to zero inflation is approximately …. Moving from zero inflation to zero nominal interest rate has substantial gain under log-log form compared to the semi …
Persistent link: https://www.econbiz.de/10011257796
Movement in China’s money supply is shown to drive the movement in world money supply over the last twenty years. Structural shocks to G3 (U.S., Eurozone and Japan) real M2 and to China’s real M2 are both large over 1996:1-2011:12. The cumulative impact of real G3 M2 shocks on real oil...
Persistent link: https://www.econbiz.de/10011257719
push inflation indicators. We used the monthly data for a period of 2005 to 2012. The findings of this study reveal that in …. Nevertheless, in the short run only world wheat price and labor supply has significant impact. In case of demand pull inflation, in …
Persistent link: https://www.econbiz.de/10011258079
likelihood of a variety of crises—banking, currency, external default and inflation. For Latin America, in particular, large … capital flow bonanzas have seldom ended well. The implications for inflation of importing (via less than fully flexible …
Persistent link: https://www.econbiz.de/10011258911
neighborhood and unobserved heterogeneity of countries of the region to analyze the effects of Policy mix on inflation, the output … mechanism of propagation of shocks affecting the level of inflation and a mecanisme for output stabilization. …
Persistent link: https://www.econbiz.de/10011258948
inflation, the general price level index is the lever for periodic adjustments of the short-term interest rate. Nevertheless …
Persistent link: https://www.econbiz.de/10005789682
In recent papers it is shown that in the presence of price stickiness, investment and capital accumulation activity, active monetary policy (MP) rules can lead to indeterminacy under various assumptions about the structure of the model. We analyze the conditions for real indeterminacy to occur...
Persistent link: https://www.econbiz.de/10005789610