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framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …
Persistent link: https://www.econbiz.de/10005789620
nominal interest rate is equalized with the US federal fund rate, but the inflation rates are independent. High oil prices and … the depreciating US dollar caused inflation to rise and real interest rates to be persistently negative in the UAE and … Qatar. Asset prices bubbles formed then burst creating large loses. They could have moderated the effect of, or avoided, the …
Persistent link: https://www.econbiz.de/10008529275
and RFF. A theoretically expected inverse relation between SP and inflation accounts for the results. The negative effect … of SP on FF is also confirmed in a Taylor Rule estimate. Higher stock prices anticipate lower, not higher, inflation. …
Persistent link: https://www.econbiz.de/10008476386
This paper looks at some of the fundamental ideas in contemporary economics such as the basic economic problem, opportunity cost and allocation a person is expected to encounter when they are first introduced to economic theory. It attempts to explain how the manner in which these concepts are...
Persistent link: https://www.econbiz.de/10008685377
Following the US financial crisis of 2006-2007, the global economy suffered from negative spillover effects of it since fall 2008. In this study, the effects of global financial crsis on Turkish economy (2008-2010) and the macroeconomic performance of the Turkish government (before and) during...
Persistent link: https://www.econbiz.de/10008871316
Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural … natural rate of unemployment relative to the NAIRU. The natural rate of unemployment in the USA since the Second World War is … twentieth century. The analysis reveals that the overall inflation-forecasting utility of the natural rate of unemployment …
Persistent link: https://www.econbiz.de/10005835658
A linear and lagged relationship between inflation, unemployment and labor force change rate, π(t)=A0UE(t-t0)+A1dLF … properties of error terms. The confirmed validity of the linear lagged relationship between inflation, unemployment and labor … in previous study holds together with statistical estimates of goodness-of-fit and RMSFE. Relationships between inflation …
Persistent link: https://www.econbiz.de/10005835964
In Ireland the link between real disequilibrium (such as the unemployment gap) and inflation (either price or wage) is … blurred by external factors, operating through traded goods price inflation. Attempts to extract information about the … unobservable NAIRU from aggregate inflation measures, such as the HICP or wages inflation, are likely to be swamped by these …
Persistent link: https://www.econbiz.de/10005836343
The steps in this paper are: (1) to recall the S = I relation and its position in macro-economics, (2) to observe how this equation is very relevant again with the renewed relunctance of banks to finance investments, (3) to point out that consumer durables are investments too, (4) to highlight...
Persistent link: https://www.econbiz.de/10005836404
force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for …. Nevertheless, the model explains between ~65% and ~95% of the variability in unemployment and inflation. For Italy, the rate of …Using an analog of the boundary element method in engineering and science, we analyze and model unemployment rate in …
Persistent link: https://www.econbiz.de/10005837146