scholarly journals Monetary dynamics in post inflation Bolivia

2012 ◽  
pp. 65-104
Author(s):  
Jonathan Fortun-Vargas
Keyword(s):  
Monetary Policy ◽  
Empirical Evidence ◽  
The Other ◽  
Money Growth ◽  
Arma Process ◽  
Monetary Dynamics ◽  
Using Data

Is inflation always explained as a monetary phenomenon? In this study, the author presents empirical evidence regarding the relation of Money Growth and its effect on Inflation, for the specific case of Bolivia. The text describes the situation of the country analyzed in terms of monetary policy after one of the worst cases of hyperinflation ever; empirical evidence is presented trough two independent estimations, one following the Cochrane-Orcutt procedure, and the other following a Box-Jenkins procedure (ARMA process) that confirms the relation between Money Growth and Inflation in Bolivia using data for the years 1998 to 2010.

scholarly journals Education Expenditure in Aceh Local Governments An Empirical Evidence from Aceh

2019 ◽  
Vol 2 (4) ◽  
pp. 334-343
Author(s):  
Aulia Afridzal ◽  
Syukriy Abdullah ◽  
Hasnawati Hasnawati ◽  
Dara Fazella
Keyword(s):  
Empirical Evidence ◽  
Local Governments ◽  
The Other ◽  
Budget Balance ◽  
Education Expenditure ◽  
Financial Independence ◽  
Revenue Growth ◽  
Local Revenue ◽  
Negative Effect ◽  
Using Data

This study aims to examine the effect of Local Financial Independence, Last Year Budget Balance, LGs Size, and Local Revenue Growth on Education Expenditure by using data from districts and cities in Aceh for 2011-2015. The results of the study show that the Local Financial Independence and the Previous Budget Fund have a negative effect on the Education Expenditure, while the other two variables have no effect.

scholarly journals Monetary policy and alternative measures of inflation: empirical evidence for the UK

Ekonomika ◽  
2015 ◽  
Vol 94 (2) ◽  
pp. 73-82
Author(s):  
Karina Kučaidze ◽  
Christopher Martin
Keyword(s):  
Monetary Policy ◽  
Empirical Evidence ◽  
Empirical Analysis ◽  
Inflation Rate ◽  
Policy Rules ◽  
Monetary Policy Rules ◽  
Alternative Measures ◽  
Using Data ◽  
The Uk ◽  
Analysis Models

The issue of which measure of inflation ought to be targeted by policymakers has been extensively analysed, but the equally important issue of which inflation rate is actually targeted by policymakers in practice has been given much less attention. The paper addresses this question, using data for the UK, a country where differences among the alternative measures are especially marked. We estimate simple Taylor-like monetary policy rules, using several different measures of inflation. We find that plausible models can be obtained for each of the different measures, suggesting that it may not matter which is used in empirical analysis. Models using the RPI measure of inflation have a slight empirical advantage which reflects the ability better to explain monetary policy in more turbulent circumstances.

Effect of networks on product innovation: empirical evidence from Indonesian SMEs

2013 ◽  
Vol 1 (2) ◽  
pp. 140-158 ◽  
Author(s):  
Nurul Indarti ◽  
Theo Postma
Keyword(s):  
Empirical Evidence ◽  
Product Innovation ◽  
Dynamic Effects ◽  
Depth Of Knowledge ◽  
External Knowledge ◽  
Software Firms ◽  
Using Data

Innovative companies generally establish linkages with other actors and access external knowledge in order to benefit from the dynamic effects of interactive processes. Using data from 198 furniture and software firms in Indonesia, this study shows that the quality of interaction (i.e. multiplexity) as indicated by the depth of knowledge absorbed from various external parties and intensity of interaction (i.e., tie intensity) are better predictors of product innovation than the diversity of interaction.

Momentum Effect in Stock Market: Empirical Evidence from Pakistan Stock Exchange

2019 ◽  
Vol 12 (1) ◽  
Author(s):  
Shahid Rasheed ◽  
Umar Saood ◽  
Waqar Alam
Keyword(s):  
Stock Market ◽  
Empirical Evidence ◽  
Stock Markets ◽  
Stock Exchange ◽  
Momentum Effect ◽  
Using Data

This study aims to examine the momentum effect presence in selected stocks of Pakistan stock market using data from Jan 2007 to Dec 2016. This study constructed the strategies includes docile, equal weighted and full rebalancing techniques. Data was extracted from the PSX – 100 index ranging from 2007 to 2016. STATA coding ASM software was used for calculating momentum portfolios, finally top 25 stocks were considered as a winner stocks and bottom 25 stocks were taken as a loser stocks. In conclusion, the results of the study found a strong momentum effect in Pakistan stock exchange PSX 100- index. As by results it has been observed that a substantial profit can earn by the investors or brokers in constructing a portfolio with a short formation period of three months and hold for 3, 6 and 12 months. There is hardly a study is present on the same topic on Pakistan Stock Exchange as preceding studies were only conducted on individual stock markets before merger of stock markets in Pakistan while this study leads the explanation of momentum phenomenon in new dimension i.e. Pakistan Stock Exchange. Keywords: Momentum, Portfolio, Winner Stocks, Loser Stocks

Do Money Targets Matter for Monetary Policy in Kenya?

2018 ◽  
Author(s):  
Michal Andrle ◽  
Andrew Berg ◽  
Enrico Berkes ◽  
R. Armando Morales ◽  
Rafael Portillo ◽  
...  
Keyword(s):  
Monetary Policy ◽  
Money Demand ◽  
Aggregate Demand ◽  
Demand Forecasting ◽  
Money Growth ◽  
Structural Shocks ◽  
Macroeconomic Volatility ◽  
Ex Post ◽  
Policy Shocks ◽  
General Specification

The framework in Chapter 15 is extended to incorporate an explicit role for money aggregates, with an application to Kenya. The chapter provides a general specification that can nest various types of money targeting (ranging from targets based on optimal money demand forecasts to those derived from simple money growth rules), interest-rate based frameworks, and intermediate cases. A novel interpretation of target misses in terms of structural shocks (aggregate demand, policy, shocks to money demand, etc.) is presented. In the case of Kenya, the authors find that: (i) the setting of money targets is consistent with money demand forecasting, (ii) targets have not played a systematic role in monetary policy, and (iii) target misses mainly reflect shocks to money demand. Simulations of the model under alternative policy specifications show that the stronger the ex post target adherence, the greater the macroeconomic volatility.

Foreign Aid and its Role in Maintaining the Exploitation of the Agricultural Sector: Evidence from a Case Study in Africa

1983 ◽  
Vol 13 (1) ◽  
pp. 33-49 ◽  
Author(s):  
Claudio Schuftan
Keyword(s):  
Rural Development ◽  
Foreign Aid ◽  
Local Governments ◽  
Agricultural Sector ◽  
National Development ◽  
The Other ◽  
Sizable Proportion ◽  
Using Data ◽  
State Of Affairs

Today most foreign aid donors are genuinely committed to the idea that development in Third World countries should start with rural development. Therefore, a sizable proportion of their development funds are invested in rural projects. However, donors channel these funds through local governments (most often representing local bourgeois interests) that are not as committed to the principle of rural development. These governments are often also embarked in policies that are actually—directly or indirectly—expropriating the surpluses generated by agriculture and investing them in the other sectors of the economy. The peasants are therefore footing most of the bill of overall national development. This paper contends that, because of this state of affairs, foreign aid directed toward rural development is actually filling the investment gap left by an internal system of unequal returns to production in agriculture. In so doing, foreign aid is indirectly financing the development of the other sectors of the economy, even if this result is unintended. This perpetrates maldevelopment without redressing the basic exploitation process of peasants which lies at the core of underdevelopment. Evidence to support this hypothesis is presented using data from a primarily agricultural exporting country: the United Republic of Cameroon.

scholarly journals Cannulation technique and complications in arteriovenous fistulas: a Swedish Renal Registry-based cohort study

2021 ◽  
Vol 22 (1) ◽  
Author(s):  
Karin Staaf ◽  
Anders Fernström ◽  
Fredrik Uhlin
Keyword(s):  
Cohort Study ◽  
Lower Risk ◽  
Rate Ratio ◽  
Incidence Rate Ratio ◽  
National Registry ◽  
The Other ◽  
Arteriovenous Fistulas ◽  
Cannulation Technique ◽  
Using Data ◽  
The Relationship

Abstract Background The four cannulation techniques, rope ladder (RL), area puncture (AP), buttonhole with blunt needles (BHb), and buttonhole with sharp needles (BHs), affects the arteriovenous fistula (AVF) in different ways. The aim of this study was to describe the relationship between the different cannulation techniques and the occurrence of AVF complications. Methods The study was performed as a national registry-based cohort study using data from the Swedish Renal Registry (SRR). Data were collected from January 2014 to October 2019. Seventy of Sweden’s dialysis units participate in the registry. We analyzed a total of 1328 AVFs in this study. The risk of complications was compared between the four different cannulation techniques. The risk of AVF complications was measured by the incidence and incidence rate ratio (IRR). We compared the IRRs of complications between different cannulation techniques. Results BHs is the most common cannulation technique in Sweden. It has been used in 55% of the AVFs at some point during their functional patency. BHb (29%), RL (13%), and AP (3%) has been used less. BHb had the lowest risk of complications compared to the other techniques, and a significantly lower risk of stenosis, infiltration, cannulation difficulties, compared to RL and BHs. Cannulation difficulties were significantly more common using AP compared to BHs, and BHb. Infections were not significantly increased using the buttonhole technique. Conclusions BHb had the lowest risk of complications. Infections were not significantly increased using the buttonhole technique. Dialysis units with a low infection rate may continue to use the buttonhole technique, as the risk of complications is lower.

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