Showing 1 - 10 of 89
technology, and hence the theory of long-term technological change. Our conclusions emphasise the confusion that the New Economy …
Persistent link: https://www.econbiz.de/10008793473
Following the implementation of the land reform in the 1990's, land rentals have developed in Romania, mainly in a reverse tenancy configuration. The paper provides an analysis of contractual practices in this configuration, based on empirical data collected through intensive field work in...
Persistent link: https://www.econbiz.de/10008790357
The research aims to understand the impact of the internal factors on the formulation of a policy of selective opening of the Russian economy since the beginning of the transition. We study the politico-economic configuration in Russia in terms of (i) its "vertical" dimension (relations federal...
Persistent link: https://www.econbiz.de/10008792052
inflation, both as an objective and as an intermediate instrument. We want to show that other variables like employment can be … that they can be function of employment only, which then dominates inflation for use in the policy rule. …
Persistent link: https://www.econbiz.de/10010929093
should respond more than one for one to inflation. This model yields explicit solutions for the optimal rule. We find that … underlying shocks, or which measure of inflation is used. In general the optimal elasticity of the interest rate with respect to … inflation needs not be greater than one. …
Persistent link: https://www.econbiz.de/10010930174
Le passage à l'Union économique et monétaire dans la mesure où chaque pays demeure souverain n'a pas d'équivalent dans l'histoire. La banque centrale européenne a donc dû mettre en place une coopération efficace avec les banques centrales nationales dans un contexte institutionnel et...
Persistent link: https://www.econbiz.de/10009645463
In the late 90's, after severe financial and economic crisis, accompanied by inflation and exchange rate instability …, Eastern Europe emerged into two groups of countries with radically contrasting monetary regimes (Currency Boards and Inflation … relationship between inflation, output growth, nominal and real uncertainties from 2000 till now. In other words, we test the …
Persistent link: https://www.econbiz.de/10010755512
This paper o¤ers to investigate both the Friedman's and Mishkin's hypotheses on the consequences of inflation on output … countries, we distinguish between short-medium and long run and between headline and core inflation. We get two main results …. First, nominal uncertainty and inflation are positively linked. Second, headline inflation negatively Granger causes out …
Persistent link: https://www.econbiz.de/10010738523
Book review: Liêm Hoang-Ngoc "Le fabuleux destin de la courbe de Phillips. Les théories de l'inflation et du chômage …
Persistent link: https://www.econbiz.de/10010738547
This article identifies a new channel through which inflation affects the real economy. In a simple monetary model …. Because of this heterogeneity, long run inflation affects the real interest rate and real variables, even when there are no …. For realistic utility functions, inflation is found to raise the capital stock, but to decrease welfare. …
Persistent link: https://www.econbiz.de/10010738938