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dynamic of real sector, especially on the inflation side (2) to advance an empirical analyze of these link for the Romanian …
Persistent link: https://www.econbiz.de/10005837514
be verified always that exist equal evolution of their variables or for others words, always that inflation and … form and this just happen when inflation and unemployment rates growing for different directions (in the short-run) and … when inflation rate is growing and unemployment doesn't (in the long-run). …
Persistent link: https://www.econbiz.de/10005837539
that contribute to the understanding of the determinants of the inflation. This study is going to refer in relation to the … models that considers the most direct determinants of the inflation. In section 2 of this paper, the structural models of … inflation are exposed in the simplest variant used internationally by the central banks. In section 3, one is going to present …
Persistent link: https://www.econbiz.de/10011240410
Political stability is generally hailed as an asset that yields positive economic dividends. In particular, the macroeconomic environment is likely to benefit from political stability. On the other hand, the existence of a sizeable shadow (or informal) economy represents institutional weaknesses...
Persistent link: https://www.econbiz.de/10011150754
Institutions are important for the analysis of the association between the deficits and inflation. This study used …
Persistent link: https://www.econbiz.de/10011157004
inflation for different horizons. We design our forecast experiment for the post-oil boom years of 2010-2014 and compare … advantage over naïve ones in boom and pre-boom years. We find that despite declining volatility in inflation over the post … of inflation. …
Persistent link: https://www.econbiz.de/10011251893
sectors, we deduce the overall inflation generated by direct and indirect requirements for the total economy. For example, an … increase in oil prices by 75% generates a global inflation cost between 5.5% and 8%. Symmetric scenarios indicate no strong … asymmetrical effects. The generated inflation may alter the stable path of inflation recorded over the past fifteen years putting …
Persistent link: https://www.econbiz.de/10011253053
In this study we quantified the welfare cost of inflation from the estimated long-run money demand functions for … negatively related to the interest rate. The welfare gain of moving from positive inflation to zero inflation is approximately …. Moving from zero inflation to zero nominal interest rate has substantial gain under log-log form compared to the semi …
Persistent link: https://www.econbiz.de/10011257796
financial dynamics in inflation-chaotic African countries for the period 1987-2010. Design/methodology/approach – VARs within … significantly adjust inflation to the cointegration relations. With respect to the second-half (short-run view) of the hypothesis … business cycles, credit expansions and inflationary tendencies, inflation targeting and monetary policy independence …
Persistent link: https://www.econbiz.de/10011257834
A conventional reading of economic history implies that free market reforms rescued the world’s economies from stagnancy during the 1970s and 1980s. I reexamine a well-established econometric literature linking economic freedom to growth, and argue that their positive findings hinge on two...
Persistent link: https://www.econbiz.de/10011257910