Showing 1 - 10 of 87
Using a macroeconometric framework, this paper analyses relationships among money, barter and inflation in Russia … to capture all the relevant information for inference on money and inflation in Russia. …
Persistent link: https://www.econbiz.de/10005648582
foreign sectors on Polish inflation from 1990 to 1999. Following the development of a theoretical framework, we use a … deviations are interpreted as excess demand pressure on inflation in a given sector and subsequently incorporated in order to … determine the short-run dynamics of Polish inflation. The results suggest that the labour and external sectors dominated the …
Persistent link: https://www.econbiz.de/10005190663
The New Keynesian Phillips curve (NKPC) posits the dynamics of inflation as forward looking and related to marginal … the NKPC provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for …
Persistent link: https://www.econbiz.de/10005190684
inflation for three crisis-hidden transition economies (Bulgaria, Romania and Russia). The results indicate that while fiscal … deficits have increased inflation in Bulgaria to a certain extent, this has not been the case in Romania and Russia. Even in … the Bulgarian case, the usual money aggregate has proven more influential to inflation than fiscal deficits. The analysis …
Persistent link: https://www.econbiz.de/10005419601
decompositions with monthly data that starts in 1999 in order to avoid periods of very high inflation and the Russian crisis. We find …
Persistent link: https://www.econbiz.de/10005648568
We model provincial inflation in China during the reform period. In particular, we are interested in the ability of the … hybrid New Keynesian Phillips Curve (NKPC) to capture the inflation process at the provincial level. The study highlights … differences in inflation formation and shows that the NKPC provides a reasonable description of the inflation process only for the …
Persistent link: https://www.econbiz.de/10005648587
This paper examines, in the context of future EMU membership of the Central and Eastern European countries (CEECs), the interaction between fiscal policy and the price level in different exchange rate regimes. The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL). The...
Persistent link: https://www.econbiz.de/10005648609
In this paper we explore the evidence that would establish that Dutch disease is at work in, or poses a threat to, the Kazakh economy. Assessing the mechanism by which fluctuations in the price of oil can damage non-oil manufacturing—and thus long-term growth prospects in an economy that...
Persistent link: https://www.econbiz.de/10005648636
This paper seeks to fill a gap in the literature by analyzing inflation in Poland, one of only two transition economies … that have adopted a strict inflation-targeting policy. The paper also introduces a new method for selecting inflation … country. Overall, wages, broad money supply and the exchange rate are good indicators of inflation. …
Persistent link: https://www.econbiz.de/10005648645
increases in China for global inflation pressures are also discussed. …
Persistent link: https://www.econbiz.de/10010735268