oalib

Publish in OALib Journal

ISSN: 2333-9721

APC: Only $99

Submit

Any time

2019 ( 11 )

2018 ( 19 )

2017 ( 17 )

2016 ( 13 )

Custom range...

Search Results: 1 - 10 of 624 matches for " Inflation "
All listed articles are free for downloading (OA Articles)
Page 1 /624
Display every page Item
Inflation Playing by John Lagrangian  [PDF]
Antonin Kanfon, Gaston Edah, Ezinvi Balo?tcha
Journal of Modern Physics (JMP) , 2013, DOI: 10.4236/jmp.2013.48A015
Abstract:

Our goal is to reproduce inflation through the coupling between the non-minimal first derivative of the scalar field and the Einstein tensor in which we introduced a potential. We analyse the inflation by examining the equation of state, the expansion parameter and the scale factor. We have shown that when the potential is proportional to the field φ and proportional to the square of the field, inflation does not appear; but when the potential is an exponential function of the scalar field, this model brings up inflation. Inflation does not occur when the time t is near minus infinity but it is noticed a few units of Planck time.

Time Series Modelling with Application to Tanzania Inflation Data  [PDF]
Edward Ngailo, Eliab Luvanda, Estomih S. Massawe
Journal of Data Analysis and Information Processing (JDAIP) , 2014, DOI: 10.4236/jdaip.2014.22007
Abstract:

In this paper, time series modelling is examined with a special application to modelling inflation data in Tanzania. In particular the theory of univariate non linear time series analysis is explored and applied to the inflation data spanning from January 1997 to December 2010. Time series models namely, the autoregressive conditional heteroscedastic (ARCH) (with their extensions to the generalized autoregressive conditional heteroscedasticity ARCH (GARCH)) models are fitted to the data. The stages in the model building namely, identification, estimation and checking have been explored and applied to the data. The best fitting model is selected based on how well the model captures the stochastic variation in the data (goodness of fit). The goodness of fit is assessed through the Akaike Information Criteria (AIC), Bayesian Information Criteria (BIC) and minimum standard error (MSE). Based on minimum AIC and BIC values, the best fit GARCH models tend to be GARCH(1,1) and GARCH(1,2). After estimation of the parameters of selected models, a series of diagnostic and forecast accuracy test are performed. Having satisfied with all the model assumptions, GARCH(1,1) model is found to be the best model for forecasting. Based on the selected model, twelve months inflation rates of Tanzania are forecasted in sample period (that is from January 2010 to December 2010). From the results, it is observed that the forecasted series are close to the actual data series.

Institutional Quality and Inflation  [PDF]
Raufhon Salahodjaev, Sergey Chepel
Modern Economy (ME) , 2014, DOI: 10.4236/me.2014.53023
Abstract:

The purpose of this paper is to empirically analyze the effects of the quality of institutions on inflation. Using panel data from 1991 to 2007, we find that increase in institutional development which is measured by the ratio of domestic credit to private sector to GDP has significant and sizeable effect on inflation. This paper finds that in countries with high inflation rates, financial sectors cannot resist current levels of inflation and banking system does not decrease inflation in the environment where private banks and financial companies have adapted to existing monetary environment.

Inflation targeting and economic performance: The case of Mexico
Carrasco Carlos A.,Ferreiro Jesús
Panoeconomicus , 2011, DOI: 10.2298/pan1105675c
Abstract: In the paper we analyze the impact of Inflation Targeting (IT) in Mexico. The objective is to evaluate the impact of the implementation of inflation targeting and full-fledged inflation targeting (FFIT) on the level and the variability of the inflation and the output in the Mexican economy. We conclude that inflation rates had been reduced in Mexico before the introduction of IT and FFIT. In our opinion, the structural reforms, including the Banxico reforms, are the main determinants of the decrease in inflation and its variability. The main impact of IT would have been the lock-in of inflation expectations around a low rate of inflation.
Who Cares about Inflation? Empirical Evidence from the Czech Republic
Michael Berlemann
AUCO Czech Economic Review , 2012,
Abstract: Most central banks around the globe have the primary task to fight inflation. In the light of the fact that at least moderate inflation turns out to have little effect on the economy this is somewhat surprising. In order to understand why many countries have installed central banks which (almost exclusively) focus on fighting inflation it is necessary to understand why people care about inflation. However, comparatively little knowledge is yet available on the individual determinants of inflation aversion. Up to now, empirical (and quite inconclusive) evidence is available for a number of large Western democracies. Moreover, the evidence is mostly drawn from pure cross section data. Thus, it is yet unclear in how far the results depend on the prevailing macroeconomic situation and can be generalized. In this paper we study the individual determinants of inflation aversion in the Czech Republic. Using data from 11 waves of the Eurobarometer survey we find age, political orientation, education and the macroeconomic situation to have significant effects on the revealed preferences towards fighting inflation while income seems not to play a significant role.
Testing the Link between Inflation and Economic Growth: Evidence from Asia  [PDF]
Pradana M. Bandula Jayathileke, Rathnayaka M. Kapila Tharanga Rathnayake
Modern Economy (ME) , 2013, DOI: 10.4236/me.2013.42011
Abstract:

The link between inflation and economic growth is one of the most important controversies in the economic literature. This paper investigates the short-run and the long-run relationship between the economic growth and the inflation of three Asian courtiers over the period 1980-2010. The methodology used in the study is cointegration and causality test. Johansen’s cointegration test and bound test approach were performed on the variables which have been tested for the stationary property using Augmented Dickey-Fuller and Phillips and Perron tests in order to examine the cointegration between the economic growth and the inflation. Vector error correction and Granger Causality test were further performed to discover the short run dynamics of the relationship between the variables and identify the direction of causality. The results reveal that there is a long run negative and significant relationship between the economic growth and inflation in Sri Lanka. Whereas no statistically significant relationships were found between the variables in China and in India, a negative and significant short run relationship was found for China. The causality results reveal that there is a unidirectional causality that runs from the economic growth to the inflation in China. The paper discusses the important policy implications of the results.

Money Supply and Inflation in Nigeria: Implications for National Development  [PDF]
Olorunfemi Sola, Adeleke Peter
Modern Economy (ME) , 2013, DOI: 10.4236/me.2013.43018
Abstract:

The study examines money supply and inflation rate in Nigeria. Secondary data that ranged between 1970-2008 were sourced from the CBN Statistical Bulletin. The study used Vector Auto Regressive (VAR) model. The stationary properties of the model were also explored. The results revealed that money supply and exchange rate were stationary at the level while oil revenue and interest rate were stationary at the first difference. Results from the causality test indicate that there exists a unidirectional causality between money supply and inflation rate as well as interest rate and inflation rate. The causality test runs from money supply to inflation, from the interest rate to inflation and from interest rate to money supply. The paper concludes that government should use the level of inflation as an operational guide in measuring the effectiveness of its monetary policy.

The Definition of Inflation According to Mises: Implications for the Debate on Free Banking
Nicolás Cachanosky
Libertarian Papers , 2009,
Abstract: The discussion of what is and what is not inflation has become central among the Austrian economists in their debate between free banking with fractional reserves versus banking with 100-percent reserve. Many Austrians also turn to the writings of Mises to find out what the dean of Austrian Economics thought about inflation, but there is no agreement on the interpretation of his writings either. This article tries to contribute to the interpretation of Mises’ concept of inflation.
Why Credit Deflation Is More Likely than Mass Inflation: An Austrian Overview of the Inflation Versus Deflation Debate
Vijay Boyapati
Libertarian Papers , 2010,
Abstract: This article provides an Austrian overview of the inflation versus deflation debate which has captured the attention of the economics profession in the years following the US housing bust. Much of the Austrian analysis of this debate has focused on the massive expansion of the Federal Reserve’s balance sheet and attendant creation of new reserves. Several Austrian economists have predicted that the creation of new reserves will cause a massive increase in inflation. The money multiplier theory, on which these predictions are based, is criticized and an overview of the Austrian business cycle theory is provided to explain why banks are reluctant to issue new credit. Finally, an analysis of the politics of deflation is provided and a class theory is presented to explain why a policy of controlled credit deflation is more likely than a policy that would result in mass inflation or hyperinflation.
The Causes of Price Inflation & Deflation: Fundamental Economic Principles the Deflationists Have Ignored
Laura Davidson
Libertarian Papers , 2011,
Abstract: In the inflation-deflation debate, deflationists view credit as the most important factor affecting prices. As far as they are concerned, the credit contraction of 2008 caused prices-in-general to fall, and prices will continue to fall unless bank lending resumes. But are these opinions based on a sound understanding of economics? The first part of this article examines the causes of price inflation and deflation from a theoretical perspective. The analysis is firmly in the Austrian tradition. The theory is then applied to recent historical data to show that the general price deflation that began in the wake of the financial crisis was not the direct result of a contraction of credit. The article concludes with a discussion of the prospects for price inflation and deflation in the future.
Page 1 /624
Display every page Item


Home
Copyright © 2008-2017 Open Access Library. All rights reserved.