Narrow search
Showing 1 - 10 of 160
Cover Image
Another look at the inflation-productivity trade-off
Bitros, Georgios; Panas, Epaminondas - EconWPA - 2005
Our aim in this paper is to test the robustness of the relation between total factor productivity growth and inflation … period 1964-1980. The results confirm that the acceleration of inflation from 1964-1972 to 1973-1980 reduced total factor … effect of inflation is separated from the effects of technical change and economies of scale, the choice of functional form …
Persistent link: https://www.econbiz.de/10005412823
Cover Image
Inflation, Growth, and Credit Services
Gillman, Max; Kejak, Michal; Valentinyi, Akos - EconWPA - 2001
The empirical evidence suggests that there is a significant, negative relationship between inflation and economic …. Therefore the technology of the financial sector influences the velocity of money, and consequently, how inflation affects … generates an inflation-growth effect whose magnitude falls in the range found by the empirical studies. Moreover, in contrast to …
Persistent link: https://www.econbiz.de/10005556071
Cover Image
Equity Returns and Inflation: The Puzzlingly Long Lags
Lothian, James R.; McCarthy, Cornelia H.. - EconWPA - 2001
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
Cover Image
INEQUALITY AND OIL SUBSIDY IN INDONESIA
Situngkir, Hokky - EconWPA - 2004
This paper is intended to give some alternative positive suggestion on how to cope with the must of the cutting off the oil subsidy domestically. The problem that faced by the government is that the compensation fund will hardly enjoyed by the poor, and moreover it is hard to watch out the whole...
Persistent link: https://www.econbiz.de/10005412627
Cover Image
The smooth transition autoregressive target zone model with the Gaussian stochastic volatility and TGARCH error terms with applications
Korenok, Oleg; Radchenko, Stanislav - EconWPA - 2005
This paper proposes to model the error term in smooth transition autoregressive target zone model as Gaussian with stochastic volatility (STARTZ-SV) or as Student-t with GARCH volatility (STARTZ-TGARCH). Using the dynamics of Norwegian krone exchange rate index, we show that both models produce...
Persistent link: https://www.econbiz.de/10005119119
Cover Image
The Long-Run Forecasting of Energy Prices Using the Model of Shifting Trend
Radchenko, Stanislav - EconWPA - 2005
This paper constructs long-term forecasts of energy prices using a reduced form model of shifting trend developed by Pindyck (1999). A Gibbs sampling algorithm is developed to estimate models with a shifting trend line which are used to construct 10-period-ahead and 15-period ahead forecasts. An...
Persistent link: https://www.econbiz.de/10005119203
Cover Image
From Hard Currency Policy to Monetary Union
Handler, Heinz - EconWPA - 2004
The paper elaborates on two successive monetary policy regimes in Austria: First, the economic and political background … changeover in 1999 to EMU and its implications for Austria's economic policy strategy are evaluated. With regard to the critique … strategy which the ECB declines to be inflation targeting. …
Persistent link: https://www.econbiz.de/10005076802
Cover Image
CLAVES DE LA INFLACION DE 2005
Marongiu, Federico - EconWPA - 2005
El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...
Persistent link: https://www.econbiz.de/10005076625
Cover Image
Exchange Rate Regimes and Nominal Convergence in the CEECs
Järvinen, Marketta - EconWPA - 2002
This paper examines, in the context of future EMU membership of the Central and Eastern European countiries (CEECs), the interaction between fiscal policy and the price level in different exchange rate regimes. The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL)....
Persistent link: https://www.econbiz.de/10005076688
Cover Image
Is corporatism feasible?
Acocella, Nicola; Bartolomeo, Giovanni Di - EconWPA - 2003
In this paper we consider a standard policy game between the Government and a union. In such a framework, we first investigate the effects of corporatism on macroeconomic performance vis-à-vis different kinds of non-co-operative equilibria. Afterwards, we introduce in the literature the issue...
Persistent link: https://www.econbiz.de/10005076716