Search Results - subject_exact:"Money supply"

Do financial innovation and financial deepening promote economic growth in sub-Saharan Africa?

Elsharif, Mohamed Sharif Bashir; Elamin, Ahlam … - 2026

In this paper, we analyze the impacts of financial innovation and financial deepening on the economic growth of 14 sub-Saharan African (SSA) countries from 1995 to 2023. The autoregressive distributed lag (ARDL) approach and error correction model (ECM) were used to assess short- and long-run...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626044

My life in crisis? : What have I learned about economic policy in the last 50 years?

Jonung, Lars - 2026 - This version: May 9, 2026

This paper is a translation of a talk given by Lars Jonung at the conference held in his honor at his 70th birthday in Lund on October 3-4, 2014. A few additions and updates have been made to the original talk. He came to Lund to study economics in the autumn of 1965. Both the city and the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650658

Internal and external determinants of inflation in GCC countries : evidence from a panel PMG-ARDL model

Alsabhan, Talal H. - 2026

The inflation rate has shown an upward trend globally, specifically after COVID-19, and the economies of the Gulf Cooperation Council (GCC) are not an exception. A heightened inflation in the modern globalized world is indeed undesirable due to its enormous adverse consequences on all sectors of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633192

Asymmetric effect of oil price on the inflation rate in MENA countries

Djamal, Dekkiche; Brahim, Laila Ouled; Zouaouid, Lazhari - 2026

This paper examines the asymmetric effects of oil price variations on MENA inflation from 1990 to 2021. Short- and long-term impacts were estimated by using Panel-NARDL models. To account for asymmetric effects, the price of oil was separated into positive and negative changes (oil+ and oil-),...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636820

Successful central banks can afford to pay scant attention to money

Francesco, Papadia; Leonardo, Cadamuro - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334743

Modeling the dynamic relationship between inflation, oil price, and macroeconomic variables : evidence from Saudi Arabia

Elsharif, Mohamed Sharif Bashir; Elamin, Ahlam … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015472085

Studying the impact of macroeconomic variables on inflation rates in Egypt : an ARDL approach

Sallam, Mohamed A. M.; Abonazel, Mohamed R.; Shafik, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612273

Monetary and macroeconomic determinants of tax revenue in Sub-Saharan Africa

Omodero, Cordelia Onyinyechi - 2025

The challenge of tax collection in rising economies cannot be overstated. These economies have had certain economic setbacks as a result of a lack of a domestic revenue base, tax evasion, and macroeconomic and monetary issues hindering tax revenue growth. This study critically examines the key...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591610

Monetary dynamics under dollarization : explaining Ecuador's puzzle

Ocampo, Emilio; Cachanosky, Nicolás - 2025

This paper investigates a puzzle in the behavior of the money supply in Ecuador after it formally adopted the US dollar as its currency in January 2000. Modern open economy macroeconom-ics (MOEM) predicts that in a small open economy under an official dollarization regime, the money supply is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015579061

Identifying monetary policy shocks with Divisia money in the United Kingdom

Binner, Jane M.; Bissoondeeal, Rakesh K.; Jones, Barry E.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619660

Monetary facts or monetarist facts? : a re-examination

Khan, Muhammad Azam; Rashid, Salim - 2025

The Quantity Theory of Money claims to provide one of the few long-run guides to economic policy by providing specific numbers to characterise the correlation between money growth and inflation. Acceptance of the Quantity Theory has been greatly helped by the claim, propounded most effectively...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015376957

Is inflation in Eswatini always and everywhere a monetary phenomenon?

Dlamini, Ntobeko; Kunene, Sive - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574624

On the mechanics of fiscal inflations

Bassetto, Marco; Benzoni, Luca; Hall, Jason - 2024

The goal of this paper is twofold. First, we wish to better explain the relationship between Sargent and Wallace's (1981) unpleasant monetarist arithmetic, the closely connected fiscal theory of the price level (FTPL), and the monetarist view of inflation. Second, we discuss how the recent...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014634111

The relationship between stock performance and money supply based on VAR model in the context of E-commerce

Qiu, Lianshi - 2024

With the development of network technology, electronic money as a payment and settlement tool based on the network has been developing at an unprecedented speed. Based on the background of e-commerce, this study uses the data from June 2012 to June 2022 to establish a vector autoregressive model...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014495937

Show one more version 1

The relationship between stock performance and money supply based on VAR model in the context of E-commerce

Qiu, Lianshi - 2024

Article

Exploring the dynamics of economic instability : an analysis of the interplay between consumer spending, consumer confidence, and macroeconomic factors

Idowu, Ayodele; Chowdhury, Munem Ahmad; Nijhum, Hafsa Rahman - 2024

This study empirically evaluates the effect of consumer confidence on consumer spending in Nigeria. Relatively little attention has been paid to the existence of a long-run relationship between consumer confidence and consumer spending in Nigeria, and this study aims to contribute to the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014507239

Determinants of Indonesia Composite Index

Mahirun, Mahirun - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015149388

A note on monetary policy and long-term interest rates in India : an efficient markets approach

Mohanti, Debaditya; Banerjee, Souvik - 2024

The present study aims to empirically analyze the relationship between the growth in money supply and the long-term interest rates in India through the application of efficient market theory. The study uses quarterly data over a period from 2010 to 2023. The advantage of the efficient market...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015196313

Cointegration analysis of US M2 and gold price over the last half century

Synek, Richard - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374396

Show one more version 1

Cointegration analysis of US M2 and gold price over the last half century

Synek, Richard - 2024

Article

Central bank financial policy mechanism and taxation earning in Sub-Saharan Africa

Omodero, Cordelia Onyinyechi - 2024

A strong monetary policy is critical to the overall health of an economy. Again, funding availability for firms is crucial and acts as a spur for well-designed monetary policy. The implications are far-reaching and have an impact on government revenue collection, which helps to enhance social...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359696

Show one more version 1

Central bank financial policy mechanism and taxation earning in Sub-Saharan Africa

Omodero, Cordelia Onyinyechi - 2024

Article

The role of money in Saudi Arabia's economic expansion : an empirical investigation of monetary dynamics

Alaskar, Ibraheem; AlAli, Musaed S.; Alsaifi, Khaled - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619857

Analyzing factors influencing food price dynamics in Turkey : a Bayesian perspective

Akin, Tuğba; Demi̇Rkol, Alper - 2024

This study investigates the factors influencing food inflation in Turkey, employing both endogenous and exogenous models and integrating major literature findings. Utilizing monthly data from February 2007 to November 2023, standardized for analysis, it explores the relationship between food...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014582151

Riding the wave of fintech, broad money growth and population dynamics : exploring its impact on ASEAN bank stability

Shah, Syed Faisal; Mehmood, Waqas; Mahfuzur Rahman; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625383

Monetary fundamentals and exchange rate forecasting in hyperinflation

Alawin, Mohammad - 2026

The Meese-Rogoff puzzle suggests that exchange rate models rarely outperform a random walk in out-of-sample forecasting. This paper re-examines that puzzle in the context of the German hyperinflation, an environment in which monetary forces dominate economic behavior. Using simple bivariate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628383

Inflation: thruway of ECB's monetary policy

Seidl, Christian - 2023

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused by the Corona Pandemic, in particular lockdowns, part is caused by the Ukrainian War, part is caused by European sanctions, and part - and not the smallest one - is caused by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013553631

Show one more version 1

Inflation: Thruway of ECB's monetary policy

Seidl, Christian - 2023

Book / Working Paper

CBDC policies in open economies

Kumhof, Michael; Pinchetti, Marco; Phurichai … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014317927

Show 2 more versions 2

CBDC policies in open economies

Kumhof, Michael; Pinchetti, Marco; Phurichai … - 2023

Book / Working Paper

CBDC policies in open economies

Kumhof, Michael; Pinchetti, Marco; Phurichai … - 2023

Book / Working Paper

The dynamic effect of financial sector development in stimulating the gross national savings of Djibouti

Dirir, Sadik Aden; Aden, Kadir - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014448684

Financial stability in the Indonesian monetary policy analysis

Hudaya, Afaqa; Firmansyah, Firmansyah - 2023

Financial stability is one of the main factors for a country's economic sustainability nowadays. Financial instability has adverse effects on the economy which can lead to the financial crisis. This research tries to answer how monetary policy related to Indonesian financial stability in the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014500647

Modeling which factors impact interest rates

Wang, Guizhou; Hausken, Kjell - 2023

The Taylor (1993) rule for determining interest rates is generalized to account for three additional variables: The money supply, money velocity, and the unemployment rate. Thus, five parameters, i.e. weights assigned to the deviation in the inflation rate, the deviation in real GDP (Gross...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014316675

Determinants of non-performing loans in Regional Development Banks (BPD) in Indonesia

Marchela, Febri Nanda; Widodo, Purwanto - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014323232

How to control the house prices through the demand sides?

Ajija, Shochrul Rohmatul; Pratiwi, Indah Ratna; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014308477

Complementary currencies and liquidity : the case of coca-base money

Frasser, Cristian; Lebeau, Lucie - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014311465

The importance and role of stock market in enhancing the effectiveness of monetary policy

Saule, Duskaliyeva; Zanggar, Belgibayev - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014390658

Bitcoin and money supply relationship : An analysis of selected country economies

Mert, Nilcan; Timur, Mustafa Caner - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015120956

Impact of money supply in different states of inflation and economic growth in South Africa

Buthelezi, Eugene Msizi - 2023

This paper investigates the impact of the money supply in different states of inflation and economic growth in South Africa from 1990 to 2021. The term "states" defines periods of low and high rates of economic variables of interest. Markov-switching dynamic regression (MSDRM) and time-varying...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014230763

Show 2 more versions 2

Impact of money supply in different states of inflation and economic growth in South Africa

Buthelezi, Eugene Msizi - 2023

Article

Impact of Money Supply in Different States of Inflation and Economic Growth in South Africa

Buthelezi, Eugene Msizi - 2023

Book / Working Paper

Identifying money and inflation expectation shocks on real oil prices

Benk, Szilárd; Gillman, Max - 2023

The paper adds money supply and inflation expectations shocks to a well-known three-variable structural model that identifies oil price shocks through fundamentals affecting the oil market. Impulse responses show the significance of our two additional monetary shocks in impacting real oil...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014295388

Show one more version 1

Identifying Money and Inflation Expectation Shocks on Real Oil Prices

Benk, Szilárd; Gillman, Max - 2023

Book / Working Paper

How did Covid-19 affect the structural relationship between exchange rates and money supply? : Evidence from Malawi

Banda, Fredrick M.; Edriss, Abdi-Khalil - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014228452

Is CBDC undermining the process of money creation?

Bibi, Samuele; Canelli, Rosa - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015546394

Money growth and inflation : how to account for the differences in empirical results

Mandler, Martin; Scharnagl, Michael - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015374214

Does money matter for predicting overall prices in Albania? : an analysis with recurrent neural network

Vika, Blerina; Vika, Ilir; Xhaja, Denada - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015193360

Monetary aggregates and inflation: a new view on an old relationship

Amisano, Gianni; Colavecchio, Roberta - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015198497

How to Measure the Monetary Stance

Harrison, Olamide - 2025

This note provides a conceptual framework to organize discussions of the appropriateness of the monetary policy stance and presents tools that country teams can employ to measure, report, and evaluate the stance of monetary policy. The note focuses exclusively on aggregate demand...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015328078

On the weak impact of base money on broad money in the context of unconventional monetary policy : Euro Area 2008-2024

Pateiro-Rodríguez, Carlos; Martín-Bermúdez, Federico; … - 2025

In its response to the economic and financial crises of 2008, the sovereign debt and euro crisis of 2010-2015, and the COVID-19 pandemic of 2020-2023, the European Central Bank (ECB) implemented an unconventional monetary policy aimed at providing liquidity for more than a decade, through a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410871

Analysing the impact of money supply on economic growth : a panel regression approach for Western Balkan countries (2000-2023)

Bajrami, Roberta; Tafa, Saranda; Gashi, Adelina; … - 2025

This study used panel data analysis to investigate the relationship between economic growth and some selected macroeconomic variables such as the money supply, inflation, foreign direct investment (FDI), and government spending. The study used Fixed Effects (FE), Random Effects (RE), and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410990

Financial policies and corporate income tax administration in Nigeria

Omodero, Cordelia Onyinyechi; Yado, Joy Limaro - 2025

Corporate taxation assumes a pivotal role in all economies, as it constitutes a substantial source of revenue for governmental agencies tasked with fulfilling social obligations. Nonetheless, modifications in financial policies and the unpredictability of macroeconomic factors result in a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436970

Granger predictability of real oil prices by us money and inflation in Markov-switching regimes

Cevik, Emrah Ismail; Dibooglu, Sel; Gillman, Max; Benk, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457564

Money growth and inflation in the Euro Area, UK, and USA : measurement issues and recent results

Ireland, Peter N. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015610136

Nonseparability of credit card services within Divisia monetary aggregates

Barnett, William A.; Park, Hyun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015610145

Show one more version 1

Nonseparability of credit card services within divisia monetary aggregates

Barnett, William A.; Park, Hyun - 2024

Book / Working Paper

Modeling inflation expectations in forward-looking interest rate and money growth rules

Chen, Zhengyang; Valcarcel, Victor J. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015556420

A machine learning approach to real time identification of turning points in monetary aggregates M1 and M3

Lampe, Max; Adalid, Ramón - 2025

Monetary aggregates provide valuable information about the monetary policy transmission and the business cycle. This paper applies machine learning methods, namely Learning Vector Quantisation (LVQ) and its distinction-sensitive extension (DSLVQ), to identify turning points in euro area M1 and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015590857

The credit-augmented Divisia aggregates and the monetary business cycle

Serletis, Apostolos; Xu, Libo - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015607087