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Building on Giraud & Tsomocos (2009), we develop a model of non equilibrium international trades with incomplete markets. Trades occur in continuous time, both on international and domestic markets. Traders are assumed to exhibit locally rational expectations on future prices, interest rates and...
Persistent link: https://www.econbiz.de/10010635004
central banks' monetary policy must be credible if the authorities want to curb inflation. A second view is that central banks … set their monetary policy by using all the information relevant for inflation and output projections. In Europe, a … controversy has emerged about the role of monetary aggregates as useful indicators of future inflation and output. On one hand …
Persistent link: https://www.econbiz.de/10008793951
L'ouvrage traite des modes de prise en compte, dans les états financiers, de l'évolution des prix. Il les resitue dans un cadre théorique et présente les méthodes de réévaluation partielle ou totale des bilans.
Persistent link: https://www.econbiz.de/10008790816
hidrocarburos y tomando como referencia tres países de la región (Bolivia, Brasil y Ecuador) se identifican los principales …
Persistent link: https://www.econbiz.de/10010700533
En la presente investigación, se pretende analizar algunas de las ventajas competitivas de las empresas grannacionales como modelos empresariales dentro del marco del ALBA-TCP, motivado a que debido a la globalización como fenómeno mundial, aunado con las condiciones económicas de países...
Persistent link: https://www.econbiz.de/10010700534
Desestabilización y la dificultad para cumplir con la cuota de suministro de petróleo en los países de América latina y del Caribe han generado en estas economías evidentes y consuetudinarias crisis económicas que difícilmente enfrentan. Sin embargo, estos países están en la búsqueda...
Persistent link: https://www.econbiz.de/10010820568
In the aftermath of the sovereign debt criss, open-market interventions prevailed within the central bank's policy answers known under the label unconventional monetary policy measures. During interwar period, France was an isolated case, among the leading countries, by everlastingly rejecting...
Persistent link: https://www.econbiz.de/10010933149
stabilizing role of monetary policy, we show that when the monetary policy rule depends on expected inflation only, a more active …
Persistent link: https://www.econbiz.de/10010933831
authority decides instead to fix the nominal interest rate regardless the inflation, decreasing the level of the nominal …
Persistent link: https://www.econbiz.de/10010933884
The fiscal theory of the price level says that the price level can be made determinate if the government uses fiscal policies such that government liabilities explode unless the price in the first period is at the "right" level. The policy implications are disturbing, as they call for rather...
Persistent link: https://www.econbiz.de/10010929080