Economics and ELSE, University College, Gower Street, London WCIE 6BT, UK; e-mail: aguarino@ucl.ac.uk. TRANSACTION COSTS AND …

claims still in the books may partly reflect the remaining harm. We control for inflation by including a deflator. We …

) examine the relative imp act of stock markets and banks on long-term economic growth in Germany, the USA, Japan, the UK and … economic growth in the UK and the USA. The results also suggest that stock market volatility has negatively affected economic … Spread Year Inflation Rate Nominal Real Nominal Real Nominal Real 1990-95 10.57 12.55 1.98 6.53 –4.05 6.02 5.95 1996 10 …

while experiencing a very high inflation rate, a deterioration in the current account balance and an increase in external … which a particular country out-performs another country. 2 These include inflation rate; budgetary position as a ratio … Regions”, in A. Levy-Livermore (ed.) The Globalization of the World Economy, Edward Elgar, Cheltenham, UK. Levy, A. and K …

other explanatory variables. From here ‘tolerances’ and ‘variance inflation factors’ have been computed. 14 15 … all the other explanatory variables. From here ‘tolerances’ and ‘variance inflation factors’ have been computed …

) examine the relative imp act of stock markets and banks on long-term economic growth in Germany, the USA, Japan, the UK and … economic growth in the UK and the USA. The results also suggest that stock market volatility has negatively affected economic … Spread Year Inflation Rate Nominal Real Nominal Real Nominal Real 1990-95 10.57 12.55 1.98 6.53 –4.05 6.02 5.95 1996 10 …

claims still in the books may partly reflect the remaining harm. We control for inflation by including a deflator. We …

, it is assumed that the government finances the intervention through the inflation tax. 2 Obviously, the size of …, countries with a long history of inflation have a very elastic money demand. Therefore, raising funds through a perfectly … anticipated inflation tax to finance the intervention will be more "expensive" for these countries than for those without an …

, it is assumed that the government finances the intervention through the inflation tax. 2 Obviously, the size of …, countries with a long history of inflation have a very elastic money demand. Therefore, raising funds through a perfectly … anticipated inflation tax to finance the intervention will be more "expensive" for these countries than for those without an …

stability of exchange rate pass-through to import prices. The answers to such questions have implications for U.S. inflation … also the variability of inflation and output. These considerations may ultimately have implications for the appropriate …-through to consumer prices is attributable to the prevailing environment of low inflation, which has served to reduce the …