Showing 1 - 10 of 62
How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive … in his Nobel lecture? <p> In this paper inflation is introduced into a general equilibrium search unemployment model. We … source of inflation. …
Persistent link: https://www.econbiz.de/10011019058
In times of inflation, most existing systems of taxation introduce new distortions into the allocation of resources. In … this paper, the effects of inflation via taxes on the firm's east of capital are analyzed. The taxes considered are the …, where market rates of return are adjusted for inflation. This makes it possible to determine the net effects of inflation on …
Persistent link: https://www.econbiz.de/10011019062
stable coinage with respect to weight and fineness, and no long-term inflation; 2) short-term disturbances in the velocity of …
Persistent link: https://www.econbiz.de/10010611593
No abstract.
Persistent link: https://www.econbiz.de/10010684516
No abstract.
Persistent link: https://www.econbiz.de/10010684537
No abstract.
Persistent link: https://www.econbiz.de/10010818434
In medieval Europe, old coins were frequently declared invalid and exchanged for new ones at fixed rates and dates. Here, the question of whether and when such re-coinage was applied in medieval Sweden is analyzed against the historical record. A theory of how short-lived coinage systems work is...
Persistent link: https://www.econbiz.de/10010945003
The paper shows how prolonged price inertia can arise in a macroeconomic system in which there are temporary price rigidities as well as production lags in the use of intermediate goods. In this context, changes in production demand-generated, say, by changes in the money supply - have...
Persistent link: https://www.econbiz.de/10005486489
Real exchange and interest rates may still fluctuate inside the EMU and give rise to changes in competitiveness. We find, in contrast to what is generally expected, no convergence in these variables after the introduction of the euro. On the contrary, a divergence is found that is extraordinary...
Persistent link: https://www.econbiz.de/10005419554
-price inflation during the years immediately following the completion of the EMU. Price convergence is found to be an important driver …
Persistent link: https://www.econbiz.de/10005645348