The dynamic dependence pattern of inflation in Jordan

Date

1994

Author

Alkhatib, Said M.

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This paper investigates the stochastic dynamic interrelationships among inflation, output growth, rate of change in the nominal exchange rate, and money growth in Jordan for the sample period from 1975:1 through 1991:4 on the basis of implementation of a vector autoregression methodology. The empirical results show that inflation is partly explained by its own innovation and partly by money growth and nominal exchange rate innovations. Interestingly, money growth and nominal exchange innovations appear to have almost the same degree of importance in accounting for variations in inflation.

URI

https://hdl.handle.net/11511/108214

Collections

Department of Economics, Article