Showing 1 - 10 of 94
. First, nominal uncertainty and inflation are positively linked. Second, headline inflation negatively Granger causes out …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 …
Persistent link: https://www.econbiz.de/10010738523
In this paper we investigate the causal relationship between financial development and economic growth. We use an innovative econometric method which is based on a panel test of the Granger non causality hypothesis. We implement various tests with a sample of 63 industrial and developing...
Persistent link: https://www.econbiz.de/10008793833
This paper will investigate the Granger causality between outward Foreign Direct Investment (FDI) and the exports of goods and services in 11 European countries from 1996 to 2008. Using a new method to evaluate causality in a heterogeneous panel, we find that the causal relationship from FDI to...
Persistent link: https://www.econbiz.de/10010820945
The aim of this paper is to assess the consequences of banking crises for public debt. Using an unbalanced panel of 154 countries from 1980 to 2006, the paper shows that banking crises are associated with a significant and long- lasting increase in government debt. The effect is a function of...
Persistent link: https://www.econbiz.de/10008790648
The aim of this work is to assess the impact of financial crises on output for 11 European transition economies (CEECs). The results suggest that financial crises have a significant and permanent effect, lowering long-term output by about 17 percent. The effect is more important in smaller...
Persistent link: https://www.econbiz.de/10008791280
production, prise en compte de l'inflation pour assumer les risques monétaires, création du plan comptable pour réguler l …
Persistent link: https://www.econbiz.de/10008923077
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
The "eductive" viewpoint provides a theoretically sophisticated analysis as well as an intuitively plausible shortcut to the study of expectational coordination in economic models. From the review of expectational criteria in a class of dynamical models of macroeconomic theory, the paper shows...
Persistent link: https://www.econbiz.de/10010739013
measuring inflation questionable and give an erroneous image of the reality. In this paper, we use the virtual price approach … (Neary, Roberts, 1980) to estimate the real inflation level in a centrally planned economy (CPE) with administrated prices …. In the first part of the paper, we discuss various methods used in CPE's to evaluate the real level of inflation by the …
Persistent link: https://www.econbiz.de/10011025581