Monetary shifts and co-movements in spending, growth, and inflation: Evidence from developing and advanced countries

Magda Kandil

Borsa Istanbul Review, 2015, vol. 15, issue 2, 76-92

Abstract: Using annual data, the paper studies the time-series evidence regarding the allocation of monetary growth shifts between demand components, real growth and price inflation in a sample of developing and advanced countries. The evidence reveals patterns of interaction between demand shifts and the real and inflationary effects of monetary policy. These patterns provide sharp differences in the distribution of monetary shocks across economic variables in developing and advanced countries. The paper evaluates the evidence and draws policy implications regarding potential constraints on monetary policy.

Keywords: Monetary growth; Demand composition; Real growth; Price inflation (search for similar items in EconPapers)
JEL-codes: E31 E50 E51 E52 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:bor:bistre:v:15:y:2015:i:2:p:76-92

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