this paper estimates the determinants of inflation in iran using a linear and non- linear regression model over the period 1959-2008. in the model specification, the conventional variables (liquidity, production and exchange rate) as well as positive and negative oil revenue shocks, monetary disequilibrium, and demand gap are considered. the results show that nonlinear time series regression mo...

This paper confronts exchange rate-trade balance hypotheses derived from the elasticity, absorption/switching and monetary approaches to the balance of payments and short-run disequilibrium effects such as the J and S curves with data from a wide range of developing countries. We find strong evidence that the exchange rate affects the trade balance long-run equilibrium even when money and incom...

In the last decade, a small group of Austrians has attempted to argue that there are crucial distinctions between the Misesian and Hayekian lines of influence, and that the former is the superior. This paper argues that the group has both misread Hayek and underplayed the similarities of Mises and Hayek. More specifically, it sees Mises’s emphasis on monetary calculation and goal-driven human a...

The study investigated the impact of monetary policy on unemployment rate in Nigeria. Time series data spanning from 1981 to 2020 was sourced Central Bank Nigeria statistical bulletin and national bureau statistics (various editions). ARDL bounds testing approach co-integration used analyse data. Autoregressive Distributed Lag (ARDL) model Error Correction Model (ECM) were utilized address main...

This study estimates an Autoregressive Distributed Lag (ARDL) econometric model between 1970 to 2018 test the long-run effect of remittances on financial development in Kenya. It also interacts with monetary policy and human capital their complementarity facilitating development. The finds that hurt contradicting theoretical view. A possible explanation is substitutability hypothesis which stat...

This study presents a monetary disequilibrium growth model and conducts numerical simulations to investigate how dynamic paths are affected by the initial conditions parameters of expectation formation. The main results as follows. First, properties such stable convergence cyclical fluctuations depend on type formation rather than regimes. Stable takes an excessively long time when is too ratio...