ship exists between the quantity of money and the general level of prices. Confidence This paper introduces a mechanism for in this relationship, expressed in terms of generating a series of rules that characterize long-run rates of money growth and inflation, the money-price relationship, defined as the along with an accumulation of evidence suprelationship between the rate of growth of portin...

This paper employs regional deposit data to document the process of monetary convergence following German reunification. A simple model for the velocity of deposits shows that long-run co-integration relationships between velocity and interest rates can be found in the western states, suggesting that the East-German monetary shock has not destabilized monetary relationships within West-Germany....

This study investigates the impact of inflation and other macroeconomic variables on stock returns listed firms across five sectors: In Nigeria. A GARCH model multivariate panel analysis were used in this study. The results show that negatively significantly impacts short long run an aggregate sectoral basis. Moreover, money supply has a negative positive run, while exchange rate impact. contra...

Establishing the relationship between stock prices and macroeconomic variables is very important for formulating current economic stabilisation policies. This paper investigates the causal relationship between four macroeconomic variables and Dhaka Stock Exchange (DSE) stock prices using cointegration and Granger causality test. The results suggest that cointegration exists between stock prices...

This paper examines the distribution of Belgian consumer prices and its interaction with aggregate inflation over the period June 1976-September 2000. Given the fat-tailed nature of this distribution, both classical and robust measures of location, scale and skewness are presented. We found a positive short-run impact of the skewness of relative prices on aggregate inflation, irrespective of th...

This study examined monetary jeopardy (MJ) and Nigeria’s deposit money bank performance (DMBP) relationship, for the periods of 1996-2021 (26years). Specifically, measures MJ; Credit Risks (CR), Liquidity (LR), Operational (OR), Market (MR) on DMBsP [Return Equity (ROE)]. The made used aggregate secondary data was analyzed with Autoregressive distributed lag model having established that exhibi...

The plan for European Monetary Union (EMU) hangs in part on the incidence of aggregate demand and supply shocks in the participating countries. This paper addresses that question empirically, using a bivariate VAR. Identification of the underlying orthogonal demand and supply shocks is achieved using only long-run restrictions. Data for 16 European countries and 11 West German states (Länder) s...

This paper emphasizes that it is crucial to identify the proper specification of money demand as well as the appropriate monetary aggregate to find the exact welfare cost of inflation. The econometric test results obtained from the nonlinear form of money demand with Box–Cox restriction indicate that not the semi-logarithmic form but the double-log form with constant elasticity of less than one...