Showing 1 - 10 of 54
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
zero. The paper shows that declining nominal prices were a rather common phenomenon during this period of low or no … inflation. The declining prices cannot, however, be explained by lack of demand or any generalized deflationary tendencies …. Hence, the downward rigidity of nominal prices has not prevented relative price adjustments under price stability. The paper …
Persistent link: https://www.econbiz.de/10005412660
SINCE 1930, EXPECTATIONS HAVE PLAYED AN IMPORTANT ROLE IN ECONOMIC THEORY AND THIS IS BECAUSE ECONOMICS IS GENERALLY CONCERNED WITH THE IMPLICATIONS OF CURRENT ACTIONS FOR THE FUTURE. THIS PAPER THEREFORE ARGUES THAT THE DEVELOPMENT OF RATIONAL EXPECTATIONS THEORY WILL MAKE A MORE SIGNIFICANT...
Persistent link: https://www.econbiz.de/10005412739
This study formalizes and empirically tests the conjecture that the discovery of large silver reserves in its American colonies triggered in Spain a phenomenon known as the Dutch disease,diverting factors of production to non-traded goods industries and undermining the Spanishcomparative...
Persistent link: https://www.econbiz.de/10005556872
This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses … Commission and the OECD models. Overall, a broad consensus appears on the impact on prices of changes in individual government … limited impact on prices in the first year while, in contrast, changes in indirect taxes and employers’ social security …
Persistent link: https://www.econbiz.de/10005561299
If, in international agreements, governments “link'' trade to environmental policy (or other issues with non …
Persistent link: https://www.econbiz.de/10005124914
convergencia economica regional en Mexico y los efectos de la apertura comercial. In order to know the effects of trade openess in …
Persistent link: https://www.econbiz.de/10005125613
This paper compares the role of technological change with that of trade in explaining the increased demand for skilled …
Persistent link: https://www.econbiz.de/10005125725
. The inquiry will also look at relevant workplace issues and international trade developments. …
Persistent link: https://www.econbiz.de/10005135095
Arrow’s Impossibility Theorem shows that transitive social preference is impossible. This note shows that in the general case of exchange, social preference need not be transitive. Indeed, it shows that social preference must be non-transitive to allow gainful exchange to maximize social...
Persistent link: https://www.econbiz.de/10005135127