We contribute to the empirical debate on the role of money in monetary policy by analysing the features of the relationship between money growth and inflation in a Bayesian Markov Switching framework for a set of four countries, the US, the UK, the Euro area and Japan, over an estimation ...
AP Macroeconomics_ 5.1 Fiscal and Monetary Policy Actions in the Short Run 38:09 AP Macroeconomics_ 5.2 The Phillips Curve 38:09 AP Macroeconomics_ 5.2 The Phillips Curve (1) 37:35 AP Macroeconomics_ 5.3 Money Growth and Inflation 38:41 AP Macroeconomics_ 5.4 Government Deficits and the Nation...
Ahking FW, Miller SM (1985), "The Relationship between Government Deficits, Money Growth and Inflation," J. Macroecon. pp. 447-467.Ahking, F. W., and Miller, S. M., 1985, "The Relationship Between Government Deficits, Money Growth and Inflation" Journal of Macroeconomics, Vol. 7, pp...
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2. In 71 of the 83 countries the money growth rate exceeds inflation, and in 12 the inflation rate exceeds the money growth rate. Explain why the ratio is so lopsided. 3. The gap between money growth rates and inflation exceeds 10% in only one of the 83 countries (Libya–...
FC Bagliano,C Morana - 《Journal of Macroeconomics》 被引量: 109发表: 2003年 A structural common factor approach to core inflation estimation and forecasting The proposed core inflation measure is the scaled common persistent factor in inflation and excess nominal money growth and bears the interpr...
While the relationship between economic growth and inflation has been much discussed in the economic literature, there is a much more important economic relationship that is far less frequently discussed: the relationship between economic confidence and inflation. The view of The Money Enigma is that ...
money6and a real transactions quantity). The money demand relation then implies that the steady-state inflation rate will equal the steady-state rate of growth of the money stock minus a term pertaining to the rate of growth of output or real transactions. An exogenous change (if it somehow...
被引量: 4发表: 0年 Growth with Inequality This book presents the stylized facts on the important variables (output, inflation, money supply and interest rates, etc.) of the macro economy and uses t... J Handa - Macroeconomics 被引量: 0发表: 2015年 加载更多来源...