| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP290 |
| DP290 The Fiscal and Monetary Dynamics of Israeli Inflation: A Cointegrated Analysis 1970-1987 | |
| Michael Beenstock; Michael Ben-Gad | |
| 发表日期 | 1989-05-01 |
| 出版年 | 1989 |
| 语种 | 英语 |
| 摘要 | Using quarterly data from 1970-1987 we estimate a simple econometric model in which inflation and the money supply are jointly determined and in which expectations of inflation are rational, or forward-looking. The model is estimated using the recently developed `cointegration' principle in econometrics. The main findings are that Israeli inflation reflected monetary growth which in turn reflected the fiscal deficit, and that the authorities have systematically accommodated inflationary shocks in the execution of monetary policy. |
| 主题 | International Macroeconomics |
| 关键词 | Co integration inflation Israel |
| URL | https://cepr.org/publications/dp290 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529466 |
| 推荐引用方式 GB/T 7714 | Michael Beenstock,Michael Ben-Gad. DP290 The Fiscal and Monetary Dynamics of Israeli Inflation: A Cointegrated Analysis 1970-1987. 1989. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
