کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9554460 | 1375958 | 2005 | 22 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Money demand and inflation in dollarized economies: The case of Russia
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
Money demand in dollarized economies often appears to be highly unstable, making it difficult to forecast and control inflation. In this paper, we show that a stable money demand function can be found for Russia by using effective broad money, which includes an estimate of foreign cash holdings. Moreover, we show that an excess supply of effective broad money is inflationary, while other excess money measures are not. Finally, we demonstrate that effective broad money growth has the strongest and most persistent effect on short-run inflation. Journal of Comparative Economics33 (3) (2005) 462-483.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 33, Issue 3, September 2005, Pages 462-483
Journal: Journal of Comparative Economics - Volume 33, Issue 3, September 2005, Pages 462-483
نویسندگان
Nienke Oomes, Franziska Ohnsorge,