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Agency-based explanations of the great deprivation, contrasted with structure-based explanations, suffer not merely from the criticism of relying on irrational and irresponsible behavior of millions, including that of the most astute financial experts, but are also at a loss to explain why such...
Persistent link: https://www.econbiz.de/10005619598
indicate that for the period analyzed, Lucas’s hypothesis explains fairly well why the trade-off between inflation and output …
Persistent link: https://www.econbiz.de/10011259960
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high …
Persistent link: https://www.econbiz.de/10011108214
This paper investigates the transmission mechanism of monetary policy and inflation targeting in a small open … countries. Nevertheless, maintaining the soundness of interest rate is also important to perceive inflation targeting in … structural econometrics model (SEM) to examine the role of inflation targeting in monetary policy transmission in a small …
Persistent link: https://www.econbiz.de/10008636532
inflation, the general price level index is the lever for periodic adjustments of the short-term interest rate. Nevertheless …
Persistent link: https://www.econbiz.de/10005789682
This paper evaluates the main effects of the implementation of tax flat system in Romanian economy. If accompanying measures are not going to be enforced, the introduction of the flat rate of 16% in Romania will lead to unsustainable budgetary deficits and inflationist pressures. The flat tax...
Persistent link: https://www.econbiz.de/10005837098
dynamic of real sector, especially on the inflation side (2) to advance an empirical analyze of these link for the Romanian …
Persistent link: https://www.econbiz.de/10005837514
The IMF had a coercitive and disciplining role in different eras of Argentina`s economic history. This role became more evident when facing governements that were not so fond of implementing the reforms suggested by the international financial institution but that at the same time strongly...
Persistent link: https://www.econbiz.de/10008533687
As it also happened in many Latin American countries during the 60s and 70s, inflation became one of the main economic … reforms(1990-1993). Inflation was perceived as a huge problem by Brazilian economic authorities from 1979 on. Since then …
Persistent link: https://www.econbiz.de/10008533695
dynamic of real sector, especially on the inflation side (2) to advance an empirical analyze of these link for the Romanian …
Persistent link: https://www.econbiz.de/10005621392