Stochastic money demand and the inflation-uncertainty relationship
Article Abstract:
There is a link between inflation expectations and uncertainty about inflation. This link has been supported by empirical evidence though less attention has been paid to formal explanations of the connection. There have been insights into this link, but a simpler explanation may be more revealing. There may be an amplification effect from uncertainty about the demand for real money which feeds into inflation uncertainty. Increases in monetary growth rates spread out inflation distribution and boost inflation uncertainty.
Publication Name: The Manchester School of Economic and Social Studies
Subject: Social sciences
ISSN: 0025-2034
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
U.K. exports of manufactures: testing for the effects of non-price competitiveness using stochastic trends and profitability measures
Article Abstract:
The competitiveness of the UK's manufactured exports are examined using stochastic analysis and profitability equations. Decreasing exports have been attributed to inferior UK non-price competitiveness (UKNPC). The export demand function for the UK incorporates the global demand to explain this declining trend. Profitability variables are added to the demand functions to determine whether UKNPC is a function of world exports shares. Varying exports shares are influenced by secular changes in profitability terms.
Publication Name: The Manchester School of Economic and Social Studies
Subject: Social sciences
ISSN: 0025-2034
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Common stochastic trends and convergence of European Union stock market
Article Abstract:
The stock market convergence of 10 European Union (EU) countries were analyzed using the maximum likelihood cointegration approach. Stock performance is converted to real deutschmark units demonstrating a number of stochastic trends common to EU stock markets. Results from the measured degree of convergence through time-varying parameter technique demonstrate the strengthening link in EU stock markets. However, convergence is not yet fully achieved.
Publication Name: The Manchester School of Economic and Social Studies
Subject: Social sciences
ISSN: 0025-2034
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Strategic interaction and the adoption of tax increment financing. The size distribution of Chinese cities
- Abstracts: Economic dimensions of household gift giving. Gift Receipt and the Reformulation of Interpersonal Relationships
- Abstracts: Magnitude estimation of the utility of public goods. Direct estimates of SD sub y and the implications for utility analysis
- Abstracts: Hassles on the job: a study of a job intervention with urban bus drivers. Estimating the benefits of a quality circle intervention
- Abstracts: The Supreme Court and the duty of fair representation. Legitimizing community consent to local policing: the need for democratically negotiated community representation on civilian advisory councils