Showing 1 - 10 of 84
. This was a period of very low inflation. The rate of growth in the aggregate price level was occasionally very close to … inflation. The declining prices cannot, however, be explained by lack of demand or any generalized deflationary tendencies … develops a new method for looking at the composition of inflation and illustrating how relative price dynamics interact with …
Persistent link: https://www.econbiz.de/10005412660
Under the guidance of monetarist theory and the issue of dominance, this study is a survey of a rapidly growing literature on Fiscal Theory of Price Level, which opens up new horizons in a non –Ricardian world and questions the effectiveness of monetary policy on price level determination.
Persistent link: https://www.econbiz.de/10005561347
This paper attempts estimation of the model of the Soviet price determination. Model consists of price equations for five sectors of the Soviet economy, and it is intended to be a part of a larger econometric model of the Soviet economy. Four different cost-plus price formulae were estimated....
Persistent link: https://www.econbiz.de/10005124861
This paper reports the construction and testing of an econometric model designed to represent a firm’s financial statements. More specifically, the paper aims at showing how a firm’s financial statements can be empirically explained by means of a simultaneous equations structural model...
Persistent link: https://www.econbiz.de/10005134717
In this paper we extend the macroeconometric model developed in Bagnai (2004) by linking it to a submodel for the Japanese economy, and we utilize this extended model to investigate several hypotheses of reduction in the US twin deficits. The Japanese submodel is specified and estimated along...
Persistent link: https://www.econbiz.de/10005556489
Using an aggregate econometric model for the EU we investigate by simulation methods some dynamic paths of the European economy in the next five years under alternative hypotheses concerning the growth of world demand, the European currency/USD exchange rate, and the monetary policy.
Persistent link: https://www.econbiz.de/10005119065
equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …
Persistent link: https://www.econbiz.de/10005124935
During the 1960s most of the countries of Eastern Europe experienced a visible retardation of economic growth. This paper supports the view of many Eastern as well as Western economists that the retardation was caused primarily by declining rates of growth of the total factor productivity. The...
Persistent link: https://www.econbiz.de/10005125000
This paper analyses subjective economic well-being in several Eastern European countries from 1991 to 1995. Economic well-being explains a significant part of the variation in overall life satisfaction of Eastern Europeans. In an ordered logit model, the determinants of subjective economic...
Persistent link: https://www.econbiz.de/10005407684
its position in the income distribution, as well as objective aggregate data, such as inflation or the private sector …
Persistent link: https://www.econbiz.de/10005556101