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Persistent link: https://www.econbiz.de/10001982872
addition, currency stability and expansionary money supply (M1) growth are other concerns of the BSP, though significantly so …
Persistent link: https://www.econbiz.de/10005561255
Persistent link: https://www.econbiz.de/10002496912
Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … relationship: marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent. These results …
Persistent link: https://www.econbiz.de/10008923022
Many researchers have explored the implications of Lucas’ misperception model. Arguably, the most important implication of this model is that the slope of the aggregate supply curve depends on the variability of nominal shocks. This paper examines this insight from Lucas’ model using annual...
Persistent link: https://www.econbiz.de/10011259960
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
, who tried to revitalize and reconfigure the old quantity theory of money. These ideas were transposed and discussed by … rejection. Actions which in the absence of such money, have little influence on total spending, output and prices, on the …
Persistent link: https://www.econbiz.de/10009325676
paper is instead upon the behaviour of money wages, with widespread nominal ‘wage-stickiness’, in relation to changes in the … money wages for most craftsmen and labourers did rise following the Black Death – though by no means for all labourers … years after the Black Death. In England, furthermore, where most craftsmen and workers had suffered a fall in money wages in …
Persistent link: https://www.econbiz.de/10005835789
between those quarters (i.e., from the early 1340s to the mid 1370s). The analysis of the evidence on money, prices, and wages … formula: NWI/CPI = RWI). Thus the undisputed rise in nominal or money wages following the Black Death was literally ‘swamped …
Persistent link: https://www.econbiz.de/10005055486
Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … findings suggest that barter has resulted partly from output losses and partly from a reduction in real money balances, but to … a lesser extent. There is some evidence that the effect of barter on prices is less than that of money. We also find …
Persistent link: https://www.econbiz.de/10005412642