Verfügbarkeit: Suppressed Inflation and Money Demand in Zimbabwe

Suppressed Inflation and Money Demand in Zimbabwe:

The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The substantial decline in velocity and increasing levels of real money balances during 2004 are at odds with a record of inflation closely tracking the growth rates of monetary aggregates in...

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Bibliographische Detailangaben
1. Verfasser:	Muñoz, Sònia (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2006
Schriftenreihe:	IMF Working Papers Working Paper No. 06/15
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The substantial decline in velocity and increasing levels of real money balances during 2004 are at odds with a record of inflation closely tracking the growth rates of monetary aggregates in the past. Possible explanations for the divergence include an unstable demand for money, a sudden shift in the underlying demand for real balances due to a sharp change in an explanatory variable, and a structural break or aberration in a normally stable money demand relation reflecting some unexplained factor such as repressed inflation (given administered prices) or measurement errors in the consumer price index. The results of the study point to the last possibility as the most likely explanation
Beschreibung:	1 Online-Ressource (20 p)
ISBN:	145186275X 9781451862751

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spelling	Muñoz, Sònia Verfasser aut Suppressed Inflation and Money Demand in Zimbabwe Muñoz, Sònia Washington, D.C International Monetary Fund 2006 1 Online-Ressource (20 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 06/15 The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The substantial decline in velocity and increasing levels of real money balances during 2004 are at odds with a record of inflation closely tracking the growth rates of monetary aggregates in the past. Possible explanations for the divergence include an unstable demand for money, a sudden shift in the underlying demand for real balances due to a sharp change in an explanatory variable, and a structural break or aberration in a normally stable money demand relation reflecting some unexplained factor such as repressed inflation (given administered prices) or measurement errors in the consumer price index. The results of the study point to the last possibility as the most likely explanation Online-Ausg http://elibrary.imf.org/view/IMF001/06589-9781451862751/06589-9781451862751/06589-9781451862751.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Muñoz, Sònia Suppressed Inflation and Money Demand in Zimbabwe
title	Suppressed Inflation and Money Demand in Zimbabwe
title_auth	Suppressed Inflation and Money Demand in Zimbabwe
title_exact_search	Suppressed Inflation and Money Demand in Zimbabwe
title_exact_search_txtP	Suppressed Inflation and Money Demand in Zimbabwe
title_full	Suppressed Inflation and Money Demand in Zimbabwe Muñoz, Sònia
title_fullStr	Suppressed Inflation and Money Demand in Zimbabwe Muñoz, Sònia
title_full_unstemmed	Suppressed Inflation and Money Demand in Zimbabwe Muñoz, Sònia
title_short	Suppressed Inflation and Money Demand in Zimbabwe
title_sort	suppressed inflation and money demand in zimbabwe
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