scholarly journals Efficiency of Quantitative Easing in Japan during (2001,2006) through Estimation of Precautionary Money Demand

2014 ◽  
Vol 2014 (0) ◽  
pp. 84-89 ◽  
Author(s):  
Yoji Morita ◽  
Shigeyoshi Miyagawa
Keyword(s):  
Money Demand ◽  
Quantitative Easing ◽  
Precautionary Money Demand

The Problem of Identifying and Modeling the Relationship between Monetary Factor and Inflation in the Russian Economy

2008 ◽  
pp. 61-76
Author(s):  
A. Porshakov ◽  
A. Ponomarenko
Keyword(s):  
Money Supply ◽  
Money Demand ◽  
Russian Economy ◽  
Long Run ◽  
Complex Approach ◽  
Wide Range ◽  
Long Time ◽  
The Relationship ◽  
Supply Side Factors

The role of monetary factor in generating inflationary processes in Russia has stimulated various debates in social and scientific circles for a relatively long time. The authors show that identification of the specificity of relationship between money and inflation requires a complex approach based on statistical modeling and involving a wide range of indicators relevant for the price changes in the economy. As a result a model of inflation for Russia implying the decomposition of inflation dynamics into demand-side and supply-side factors is suggested. The main conclusion drawn is that during the recent years the volume of inflationary pressures in the Russian economy has been determined by the deviation of money supply from money demand, rather than by money supply alone. At the same time, monetary factor has a long-run spread over time impact on inflation.

The Investment Climate in Russia

2006 ◽  
pp. 48-77
Author(s):  
Article Editorial
Keyword(s):  
Money Demand ◽  
State Level ◽  
Decision Making Process ◽  
Investment Climate ◽  
Operational Environment ◽  
Gdp Growth Rate ◽  
External Conditions ◽  
Potential Gdp ◽  
The Government ◽  
Economic Boom

During the last six years, exceptionally favourable external conditions for an upsurge of the domestic economy have been developed. However, they failed to result in an economic boom, which has been estimated by the authors as quite possible. One of the reasons for this - deterioration of the investment climate in the country that caused a decline of business activities and money demand decrease thus leading to reduction of potential GDP growth rate. The accumulated modernisation problems cannot be resolved without increasing the economic dynamics. But this requires an economic policy able to facilitate predictability of Russian business operational environment, to protect it legally, to secure a system of partnership relations with the government and to respect the interests of the main participants in the state level decision-making process concerning business undertakings and investment climate.

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