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Fiscal policy consistency and implications for macroeconomic aggregates: the case of Uganda AgEcon
Hisali, Eria.
The relationship between growth in monetary aggregates and price changes continues to be a subject of considerable debate both in the academic and policy circles. Whereas the more ‘conservative’ policy makers hold that growth in monetary aggregates bear proportionately on prices, ‘liberals’ on the other hand suggest a fairly weak relationship and instead mainly attribute sustained price changes to other innovations (including structural weaknesses and poor productive capacity). This study employed vector autoregression techniques (and its variants) to examine both short term as well as long term interactions between selected macroeconomic aggregates with particular focus on the relationship between money growth and price changes. Results from both the...
Tipo: Report Palavras-chave: Fiscal stance; Macroeconomic aggregates; Structural vector autogression; Budget accounting approach; EPRC; Agricultural Finance; Financial Economics; Labor and Human Capital; Production Economics; Productivity Analysis; H62; H63; H69.
Ano: 2010 URL: http://purl.umn.edu/102489
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Fiscal policy consistency and its implications for macroeconomic aggregates: The case of Uganda AgEcon
Hisali, Eria.
The relationship between growth in monetary aggregates and price changes continues to be a subject of considerable debate both in the academic and policy circles. Whereas the more ‘conservative’ policy makers hold that growth in monetary aggregates bear proportionately on prices, ‘liberals’ on the other hand suggest a fairly weak relationship and instead mainly attribute sustained price changes to other innovations (including structural weaknesses and poor productive capacity). This study employed vector autoregression techniques (and its variants) to examine both short term as well as long term interactions between selected macroeconomic aggregates with particular focus on the relationship between money growth and price changes. Results from both the...
Tipo: Report Palavras-chave: Fiscal stance; Macroeconomic aggregates; Structural vector autogression; Budget accounting approach; Agribusiness; Agricultural Finance; Financial Economics; Institutional and Behavioral Economics; Public Economics; H62; H63; H69.
Ano: 2010 URL: http://purl.umn.edu/113615
Registros recuperados: 2
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