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The Cause of the Great Inflation: Interactions between the Government and the Monetary Policymakers
Harashima, Taiji - EconWPA - 2005
The paper offers a new explanation for the cause of the Great Inflation by constructing a model that explicitly separates the roles of government and monetary policymakers. A mechanism that inflation can accelerate even if an inflation target is low is uncovered. The model solves the puzzle of...
Persistent link: https://www.econbiz.de/10005124998
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How Does Global Disinflation Drag Inflation in Small Open Economies?
Vega, Marco; Winkelried, Diego - EconWPA - 2004
domestic goods sensitive to foreign prices. With this approach we are able to replicate the dragging effect of global …
Persistent link: https://www.econbiz.de/10005412737
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EXCHANGE RATE AND INFLATION TARGETING IN MOROCCO AND TUNISIA
Nathalie, Grand; Vincent, Dropsy - EconWPA - 2005
investment and growth. These liberalization programs require important adjustments in their economic policies, in particular … exchange rate targeting and money-growth rules, as their markets are increasingly liberalized. First, their past economic …
Persistent link: https://www.econbiz.de/10005561228