Forthcoming Articles

International Journal of Monetary Economics and Finance

International Journal of Monetary Economics and Finance (IJMEF)

Forthcoming articles have been peer-reviewed and accepted for publication but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.

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International Journal of Monetary Economics and Finance (2 papers in press)

Regular Issues

  • Does money causes output? evidence from Indonesia   Order a copy of this article
    by Mahrus Lutfi Adi Kurniawan, Nurul Azizah Az Zakiyyah, Aulia Hapsari Juwita 
    Abstract: The debate on the role of monetary policy on output is growing and is of interest to researchers. Above the debate is the determination of the money-output relationship not only reflects the dynamic relationship between monetary aggregates and economic activity (output) but also involves important issues regarding the effectiveness of monetary policy in real economic activity. This study uses Bayesian vector autoregressive (BVAR) to construct a structural model of money-output in Indonesia. The results show that money plays an important role in output and narrow money has predictive power to the output. Another finding is that the exchange rate has greater variation and response size to output. The implication of the research is that monetary policy should be able to influence money that has a stronger predictive power on output and maintain exchange rate stability.
    Keywords: BVAR; Bayesian vector autoregressive; money-output; structural model; exchange rate.
    DOI: 10.1504/IJMEF.2025.10074077
     
  • Examining the dynamics of optimal level of inflation nexus economic growth in the Gambia: a threshold model perspective   Order a copy of this article
    by Foday Joof, Mehdi Seraj, Huseyin Ozdeser 
    Abstract: Better economic performance accompanied by stable and low inflation are the key objectives of monetary policy, especially after the COVID-19 episode. Thus, the Central Bank of The Gambia is face with the laborious duty of accomplishing these dual economic policy objectives, which is often elusive and hard to achieve concurrently, most notably post COVID-19 episode rising inflation rates. Therefore, this paper investigates the optimal association between inflation and growth in The Gambia from 19772021. The threshold autoregressive model (TAR) is use due to appropriate procedures for estimation and inference it provides. The empirical outcome confirms the existence of nonlinearities in the inflation-growth nexus and revealed the presence of 11.69% threshold, above which inflation is unfavourable to economic performance. This result will inform policymakers to adopt the appropriate inflation target to evade the harmful consequences of high inflation whereas reaping the benefit of low inflation.
    Keywords: optimal inflation; GDP growth; threshold autoregressive; broad money; gross capital formation; the Gambia.
    DOI: 10.1504/IJMEF.2025.10074078
     

 

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