European Parliament Library

Money Demand and Inflation in Dollarized Economies :, The Case of Russia, Franziska Ohnsorge, Nienke Oomes

Contributor
Abstract
Money demand in dollarized economies often appears to be highly unstable, making it difficult to forecast and control inflation. In this paper, we show that a stable money demand function for Russia can be found for "effective broad money," which includes an estimate of foreign cash holdings. Moreover, we find that an excess supply of effective broad money is inflationary, while other excess money measures are not, and that effective broad money growth has the strongest and most persistent effect on short-run inflation
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. RUSSIA�S INFLATION EXPERIENCE DURING THE PAST DECADE""; ""III. ANALYTICAL FRAMEWORK""; ""A. Long-Run Inflation""; ""B. Long-Run Money Demand""; ""C. Short-Run Inflation Dynamics""; ""IV. CONCLUSION""; ""References""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (31 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613825087

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