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CIRCULAR VARIABLE WORK IN PROCESS
Vildosola, Luis - EconWPA - 2002
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
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Stabilisations, Crises and the "Exit" Problem - A Theoretical Model
Bleaney, Michael; Gundermann, Marco - EconWPA - 2002
inflation declines smoothly over time whilst interest rates are volatile. We capture this by assuming that expectations are …
Persistent link: https://www.econbiz.de/10005126376
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The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine
Woo, Wing Thye - EconWPA - 2003
Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter tremendous external pressure to revalue the Renminbi (RMB) substantially. Our conclusion is that the major macroeconomic challenges have their roots in China’s...
Persistent link: https://www.econbiz.de/10005062405
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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
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INFLATION AND PRICE DISPERSION IN EQUITY MARKETS AND IN GOODS AND SERVICES MARKETS
Popper, David Parsley Helen - EconWPA - 2002
An empirical link between inflation and price dispersion has been well established in goods and services markets – both …. Specifically, we examine the link between inflation and price dispersion in an empirical setting patently lacking the market … inflation-dispersion link in goods and services markets with a matched panel of equity market prices. Surprisingly, we find that …
Persistent link: https://www.econbiz.de/10005076784
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Who Controls the Price Level?
Erdogdu, Oya S. - EconWPA - 2003
Under the guidance of different theories and the problem of dominance and activeness, this study gives a survey of the 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...
Persistent link: https://www.econbiz.de/10005076798
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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 the observed high inflation target during the Great Inflation and …
Persistent link: https://www.econbiz.de/10005124998
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Some benefits of reducing inflation in transition economies
Blaszkiewicz, Monika; Konieczny, Jerzy; Myslinskaa, Anna; … - EconWPA - 2003
We analyse welfare effects of the interactions between the tax system and inflation in Poland and in Ukraine, using the … framework developed by Feldstein (1997, 1999). This approach stresses the fact that inflation increases distortions created by …
Persistent link: https://www.econbiz.de/10005125002
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A Theoretical Model of Industrial Economy Inflationary Dynamics
Jr, Thomas M Fullerton; Araki, Eiichi - EconWPA - 2004
A standard monetary model of inflation is augmented to include import, labor, energy, and intermediate good cost …
Persistent link: https://www.econbiz.de/10005125015
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Turkiye'de Akaryakit Urunu Fiyat Gelismeleri ve Enflasyon: Yeni Bulgular (= Changes in Prices of Oil Products and Inflation in Turkey: New Evidence)
Kibritcioglu, Aykut - EconWPA - 2003
Ham petrol ithal fiyatlarindaki degismeler dolayisiyla akaryakit urunlerinin yurtici fiyatlarinda meydana gelen degismelerin Turkiye'deki olasi enflasyonist ve/veya deflasyonist etkileri, Kibritcioglu ve Kibritcioglu (1999) tarafindan kuramsal ve olgusal bilgiler isiginda sematik ve ampirik...
Persistent link: https://www.econbiz.de/10005126125