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. The regimes are fully characterized by the mean and variance of inflation and are assumed to be the result of alternative … government policies. Agents are unable to directly observe whether government actions are indeed consistent with the inflation … observations of inflation and money growth. Government announcements are assumed to provide agents with additional, possibly …
Persistent link: https://www.econbiz.de/10005353239
This paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level. The government is characterized by a long-run fiscal policy rule whereby a given fraction of the outstanding debt, say d, is backed by the present discounted...
Persistent link: https://www.econbiz.de/10005353490
We propose methods for testing hypotheses of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at different horizons. While the hypotheses...
Persistent link: https://www.econbiz.de/10005353142
Persistent link: https://www.econbiz.de/10005353143
This Paper Goes Against the Current That, When Price Ae Determined From a Markup, Labor Is the Main Cause for Inflation …. It Will Be Shown on the Contrary That Capital, Under Its Physical Anf Financial Form, Is the Main Culprit for Inflation … Responsability of Capital with Respect to Inflation Would Be Between 75% and 90%. …
Persistent link: https://www.econbiz.de/10005353190
Purpose of Which Was to Put Forward a Qualitative Theory of Inflation, Have Their Theoritical Foundation in Marx's Theory of …
Persistent link: https://www.econbiz.de/10005353192
'une Region a L'autre. Par Ailleurs, les Elasticites des Salaires a L'inflation Anticipee Sont Aussi Regionalement Differentiees …
Persistent link: https://www.econbiz.de/10005353197
Cet Article Comprend Trois Sections: Dans la Premiere Section, Je Decris un Nouveau Modele Econometrique de L'inflation … Est Incompatible Avec le Fonctionnement Normal D'une Economie Capitaliste, et Que L'inflation Vient de L …
Persistent link: https://www.econbiz.de/10005353214
Persistent link: https://www.econbiz.de/10005353272
Possible D'introduire la Finance Dans L'explication de L'inflation Sans Deboucher Sur une Approche Neo-Monetariste. L …
Persistent link: https://www.econbiz.de/10005353307