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According to several empirical studies, US inflation and nominal interest rates, as well as the real interest rate, can … be described as unit root processes. These results imply that nominal interest rates and expected inflation do not move … the three-month treasury bill rate and inflation share a common nonlinear component that explains a large part of their …
Persistent link: https://www.econbiz.de/10005561249
The general view of the media, bankers, business and politicians, not noticeably contradicted by academics, is that one of the main functions, or the main function, of the central bank is to analyse the progress of the economy, and then to steer it with skilful judgement towards health and...
Persistent link: https://www.econbiz.de/10005561324
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
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
happiness, and it can induct problems as well. GDP, a vague relation builder is used as an index to measure the progress and …
Persistent link: https://www.econbiz.de/10005408439
An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate units, Expatriates and all nations with their currency related to US $, are not happy in the current $ dipping situation. Even the currencies of poor nations are galloping upward in...
Persistent link: https://www.econbiz.de/10005556940
1999 to 2003.The total issues declined from LE 55.6 billion in 1999 or 17% of GDP and 146.7% of gross saving to LE 18 ….5 billion in 2003 and or 4.6% of GDP and 31.5% of gross saving .The total value of trading also dropped down from LE 42 ….1 billion or 12.9% of GDP and 111% of gross saving to LE33.7 billion or 8.3% of GDP and 57.2% of gross saving during the period …
Persistent link: https://www.econbiz.de/10005561577
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
In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model with an investment function very close to Kalecki’s original writings. The effects of interest rate variations on the short-run equilibrium values of capacity utilisation,...
Persistent link: https://www.econbiz.de/10005126210
(or GDP) so as to make a suitable economic policy. Philosophical principium will pour new energy and youthful vigor into …
Persistent link: https://www.econbiz.de/10005126369