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The purpose of the paper is to present a tractable model of an old topic which is becoming more important in macroeconomics: the link between financial structure and economic activity.
Persistent link: https://www.econbiz.de/10005126180
reducing inflation from three-digit annual rates in the 1990s to single-digit territory in 2004. The paper also discusses the …
Persistent link: https://www.econbiz.de/10005126474
distributional effects breaks the link between time consistency and high inflation, which characterizes representative agent models … episodes of inflation and deflation. …
Persistent link: https://www.econbiz.de/10005126192
. Some implications of the equation are outlined, derived, and proved. The phenomena of counterfeiting, inflation and …, the proceeds of inflation are not actually spendable by the state. Also possible are forms of ``economic warfare'' based …
Persistent link: https://www.econbiz.de/10005126382
Cross-country evidence on inflation and income inequality suggests that they are positively correlated. I explore the …
Persistent link: https://www.econbiz.de/10005561158
controls were essentially ineffective in reducing inflation. …
Persistent link: https://www.econbiz.de/10005561070
Persistent link: https://www.econbiz.de/10005124948
and the econometric analysis show the worsening of the trade-off between inflation and unemployment, and hence the need to …
Persistent link: https://www.econbiz.de/10005076741
El corto es un instrumento de política monetaria que utiliza el Banco de México para abatir la inflación. El corto ha sido un instrumento muy útil para Banco de México en la conducción de la política monetaria, porque ha permitido que los choques a los mercados se distribuyan y se...
Persistent link: https://www.econbiz.de/10005076789
:1-2003:7). The Bundesbank regime can be characterised, both before and after German reunification, by an inflation weight of 1.2 and … to expected inflation, puts significantly more weight on stabilising the business cycle than the Bundesbank did. …
Persistent link: https://www.econbiz.de/10005126198