This paper examines the extent of volatility between oil price and sectoral indices in the Gulf
Cooperation Council (GCC) countries by using quantile regression analysis (QRA) for the …

Abstract Structure and degree of oil price impact on sectoral indices are examined using
Quantile Regression Analysis (QRA). Nine sectors are found to provide diversification …

This article investigates whether the quantity theory of money is still alive. We demonstrate
three insights. First, for countries with low inflation, the raw relationship between average …

We consider what, if any, relationship there is between monetary aggregates and inflation,
and whether there is any substantial reason for modifying the current mainstream mode of …

Woodford argues that it is not appropriate to regard inflation in the steady state of New
Keynesian models as determined by steady‐state money growth. Woodford instead argues …

We investigate the time-scale relationships between US equity and commodity markets. The
empirical evidence from the risk-return profitability analysis based on the wavelet coherence …

This paper uses data from 46 economies over the post-war period to revisit two key
monetary facts:(i) the link between money growth and inflation and (ii) the link between …

The paper examines Granger-causality between the producers' and the consumers' price
using Australian data within the frequency domain framework. For long run relation, the …

The purpose of the paper is to revisit the inflation–output gap relationship using a new
approach known as the wavelet transform. This approach combines the classical time series …

Research with Keynesian-style models has emphasized the importance of the output gap for
policies aimed at controlling inflation while declaring monetary aggregates largely irrelevant …