Suppressed inflation and money demand in Zimbabwe / / prepared by Sonia Munoz

• Autore: Munoz Sonia <1970->
• Pubblicazione: [Washington, D.C.], : International Monetary Fund, African Dept., c2006
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (20 p.)
• Soggetto topico: Demand for money - Zimbabwe; Inflation (Finance) - Zimbabwe
• Note generali: "January 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. STYLIZED FACTS""; ""III. ESTIMATING A MONEY DEMAND EQUATION""; ""IV. INFLUENCE OF EXOGENOUS FACTORS ON VELOCITY MOVEMENTS""; ""V. CONCLUSION""; ""REFERENCES""
• Sommario/riassunto: 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.
• Titolo autorizzato: Suppressed inflation and money demand in Zimbabwe
• ISBN: 1-4623-8715-2; 1-4527-7739-X; 1-283-51783-3; 9786613830289; 1-4519-0811-3
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910822938403321
• Lo trovi qui: Univ. Federico II
• Serie: IMF working paper ; ; WP/06/15.