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This study contributes to the ongoing discussion surrounding the recent upswing in inflation by presenting an … analytical framework and empirically examining inflation trends in Italy. Its primary aim is to unveil the underlying causes …, distributive repercussions, and mechanisms through which inflation spreads. We adopt a cost-push and distributive conflict …
Persistent link: https://www.econbiz.de/10014529503
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German inflation. The approach presented is of eclectic character and allows for examination which variables representative … for various inflation theories matter empirically when analysing inflation processes in Germany. The results obtained … suggest that inflation in Germany is determined by adjustment processes on the market of production factors, external shocks …
Persistent link: https://www.econbiz.de/10011437880
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economists to engage with Phillips' famous unemployment/wage-inflation analysis, now referred to as the Phillips curve. They … formulated the first unemployment/price-inflation version of the Phillips curve and were the first to interpret the Phillips … careful reconstruction and assessment of their original formulation, documenting the close relationship between the wage-inflation …
Persistent link: https://www.econbiz.de/10010510926
Turkey has experienced high and persistent inflation for more than twenty years. This chapter attempts firstly to … survey the extremely broad literature on theories of inflation, in order to be able to classify, understand and discuss the … dynamics of inflation more carefully. In this chapter, it is mainly argued that inflation may be interpreted as a net result of …
Persistent link: https://www.econbiz.de/10010517438
This paper revisits the equilibrium and welfare effects of long-run inflation in the presence of distortionary taxes … and financial constraints. Expected inflation interacts with corporate taxation through the deductibility of i) capital … expenditures at historical value and ii) interest payments on debt. Through the first channel, inflation increases firms’ taxable …
Persistent link: https://www.econbiz.de/10011338166
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How does inflation affect the investment decisions of financially constrained firms in the presence of corporate … taxation? Inflation interacts with corporate taxation via the deductibility of i) capital expenditures and ii) interest … payments on debt. Through the first channel, inflation increases firms' taxable profits and further distorts their investment …
Persistent link: https://www.econbiz.de/10011901390