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010   $a9786613830289
010   $a9781462387151
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010   $a145277739X
010   $a9781283517836
010   $a1283517833
010   $a9781451908114
010   $a1451908113
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035   $a(SSID)ssj0000943272
035   $a(PQKBManifestationID)11523889
035   $a(PQKBTitleCode)TC0000943272
035   $a(PQKBWorkID)10975193
035   $a(PQKB)10075177
035   $a(OCoLC)694141084
035   $a(MiAaPQ)EBC3014435
035   $a(IMF)WPIEE2006015
035   $a(IMF)WPIEA2006015
035   $aWPIEA2006015
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100   $a20020129d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aSuppressed Inflation and Money Demand in Zimbabwe /$fSōnia Muņoz
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (20 p.)
225 1 $aIMF Working Papers
300   $a"January 2006."
311 08$a9781451862751 
311 08$a145186275X 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. STYLIZED FACTS""; ""III. ESTIMATING A MONEY DEMAND EQUATION""; ""IV. INFLUENCE OF EXOGENOUS FACTORS ON VELOCITY MOVEMENTS""; ""V. CONCLUSION""; ""REFERENCES""
330 3 $aThe paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The substantial decline in velocity and increasing levels of real money balances during 2004 are at odds with a record of inflation closely tracking the growth rates of monetary aggregates in the past. Possible explanations for the divergence include an unstable demand for money, a sudden shift in the underlying demand for real balances due to a sharp change in an explanatory variable, and a structural break or aberration in a normally stable money demand relation reflecting some unexplained factor such as repressed inflation (given administered prices) or measurement errors in the consumer price index. The results of the study point to the last possibility as the most likely explanation.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/015
606   $aDemand for money$zZimbabwe
606   $aInflation (Finance)$zZimbabwe
606   $aCurrency$2imf
606   $aDeflation$2imf
606   $aDemand for Money$2imf
606   $aDemand for money$2imf
606   $aDiffusion Processes$2imf
606   $aDynamic Quantile Regressions$2imf
606   $aDynamic Treatment Effect Models$2imf
606   $aExchange rates$2imf
606   $aForeign Exchange$2imf
606   $aForeign exchange$2imf
606   $aInflation$2imf
606   $aMacroeconomics$2imf
606   $aMonetary base$2imf
606   $aMonetary economics$2imf
606   $aMonetary expansion$2imf
606   $aMonetary Policy$2imf
606   $aMonetary policy$2imf
606   $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf
606   $aMoney and Monetary Policy$2imf
606   $aMoney supply$2imf
606   $aMoney$2imf
606   $aPrice Level$2imf
606   $aPrices$2imf
606   $aTime-Series Models$2imf
607   $aZimbabwe$2imf
615  0$aDemand for money
615  0$aInflation (Finance)
615  7$aCurrency
615  7$aDeflation
615  7$aDemand for Money
615  7$aDemand for money
615  7$aDiffusion Processes
615  7$aDynamic Quantile Regressions
615  7$aDynamic Treatment Effect Models
615  7$aExchange rates
615  7$aForeign Exchange
615  7$aForeign exchange
615  7$aInflation
615  7$aMacroeconomics
615  7$aMonetary base
615  7$aMonetary economics
615  7$aMonetary expansion
615  7$aMonetary Policy
615  7$aMonetary policy
615  7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General
615  7$aMoney and Monetary Policy
615  7$aMoney supply
615  7$aMoney
615  7$aPrice Level
615  7$aPrices
615  7$aTime-Series Models
700   $aMuņoz$b Sōnia$01815672
712 02$aInternational Monetary Fund.$bResearch Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910975152303321
996   $aSuppressed Inflation and Money Demand in Zimbabwe$94372490
997   $aUNINA