... a multivariate framework by including other determinants of inflation, including money supply and the nominal effective exchange rate. This study uses an ARDL bounds testing approach to cointegration to test the existence of a long-run relationship between the inflation rate and its drivers. An error correction...

... 2021 03 02 2021 19 02 2021 © Emerald Publishing Limited 2021 Emerald Publishing Limited Licensed re-use rights only Banks Money and interest rates Simulation modeling Money supply Lending rates Deposit rates Agent-based model E43 E51 G21 C63...

.... Serdar Ongan can be contacted at: serdar.ongan@gmail.com 28 02 2020 26 07 2020 17 09 2020 © Emerald Publishing Limited 2021 Emerald Publishing Limited Licensed re-use rights only Money supply Money and interest rates E51 E52 The transmission mechanisms...

... by their monetary policy. According to the economic theory of Karl Marx, Irving Fisher, Friedman, inflation is caused by a continuous increase in the money supply. Design/methodology/approach The economic theories of Fisher, Friedman and an econometric model are applied to analyse the relationship between money...

... C G − Δ D ︸ Total leakages = FET − NFET ︸ Total external transactions + Δ SF + Δ OTHER Banks Emerging markets Credit International finance Money supply Non-core liabilities E51 F30 G21 Money is created by bank lending. When a bank grants...

... efficient estimate of the first threshold value, _rγ^∧ ₁, can be obtained via a refinement criterion. South Africa Monetary policy Inflation Macroeconomics Money supply Credit Time‐series models Single equation models Single variables Mathematical...

... on interest rates as the principal, if not sole, instrument of monetary policy [2] . Taylor (1993) played a key role in laying the groundwork for revived interest in the reaction function approach. Whereas much of the earlier reaction function literature had focused on the money supply, Taylor switched...