This study analyses the time varying correlation of money and output using the DCC GARCH model for the Euro, India, Poland, the UK and the US. Apart from simple sum money, this model uses Divisia mone...
On 30 Jan 2019 The paper investigate the predictive power of Divisia monetary aggregates in explaining exchange rate variations for India, Israel, Poland, UK and the US, in the years leading up to and following the...
On 18 Sep 2017 Inflation expectations are an important marker for the conduct of monetary policy. Using a Bayesian structural VAR-X model that includes the inflation expectations of general public based on the Infla...
On 21 Jul 2017 This paper analyzes optimal monetary policy under zero lower bound in the
presence of cost channel. Cost channel introduces trade-o¤ between output and
inflation when economy is out of ZLB. As a res...
On 04 May 2017 The paper investigates the dynamic relationship between movements in oil prices and exchange rates with macroeconomic variables like price, output, interest rate and money by using structural vector a...
On 12 Jul 2016 This paper revisits the Dornbusch exchange rate overshooting in a different model setting.
On 02 May 2016 |