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Katarzyna Schmidt
Pág. 7 - 16
Central bank decisions have an impact on the whole economy. Increasing or lowering interest rates as part of a specific policy determines not only changes in macroeconomic aggregates or decisions of financial entities, such as banks, but also has a ...
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Christophe Faugere
This article provides a macro-foundation for why the specific value of 2% is a valid inflation target. The approach postulates that innovations generate transactional cost savings by comparison to barter. The optimal velocity of money is derived as a fun...
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Romeo Victor Ionescu, Costinela Fortea, Monica Laura Zlati and Valentin Marian Antohi
Since we are living in a time of multiple crises and geopolitical unrest, it is important to look at how monetary aggregates affect the real economy. This will help us figure out how uncertainty affects the economy and come up with more stable financial ...
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Periklis Gogas, Theophilos Papadimitriou and Emmanouil Sofianos
The issue of whether or not money affects real economic activity (money neutrality) has attracted significant empirical attention over the last five decades. If money is neutral even in the short-run, then monetary policy is ineffective and its role limi...
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Dongfeng Chang, Ryan S. Mattson and Biyan Tang
The predictive power of the yield curve slope, or the yield spread is well established in the United States (US) and European Union (EU) countries since 1998. However, there exists a gap in the literature on the predictive power of the yield spread on th...
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Kaan Celebi and Michaela Hönig
Today we live in a post-truth and highly digitalized era characterized by a flow of (mis-) information around the world. Identifying the impact of this information on stock markets and forecasting stock returns and volatilities has become a much more dif...
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Adnan A. Saed,Walid Al-Shawaqfeh
Pág. 331 - 337
In this article, we attempt to examine the stability of real money demand function for the narrow and broad money (RM1, RM2) for the period 1995: Q1-2016: Q4 in Jordan using the autoregressive distributed lag (ARDL) cointegration framework. Besides the s...
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Ivan Milenkovic,Branimir Kala?,Jelena Andra?ic
Pág. 105 - 115
Monetary policy is an important segment of the economic policy of each country where inflation and monetary aggregates represent its significant components. Their movement reflects the trends in the volume of money and the price level which is of great r...
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Du?an Perovic,Marina Ðordevic
Pág. 031 - 041
The essential research intention in this paper is oriented toward considering the nature of money multipliers and their impact on inflation in Republic of Serbia. The analysis of research data includes data during period of 1997-2015 in order to achieve ...
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Stefano Figuera
The article reconstructs yearly time series of the main monetary aggregates for Italy. It extends extant literature by considering a longer time span (covering from national unity to 2014) and more detailed disaggregation, as well as improve the quality ...
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