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in mid 70s and late 80s (USA 2007), namely Japan, is performed. The definition and role of money in the economy in its …
Persistent link: https://www.econbiz.de/10008532167
This study examines the relationship between Japan’s financial structure and the country’s fiscal/monetary policy … and financial structure. Policymakers in Japan may have effectively influenced Japan’s financial structure development via …
Persistent link: https://www.econbiz.de/10011260284
explains the business cycle. Drawing on multi-period data from Japan, the model confirms the conventional wisdom that the …
Persistent link: https://www.econbiz.de/10009372620
This study examines the relationship between Japan’s financial structure and the country’s fiscal/monetary policy … and financial structure. Policymakers in Japan may have effectively influenced Japan’s financial structure development via …
Persistent link: https://www.econbiz.de/10010548349
Agency-based explanations of the great deprivation, contrasted with structure-based explanations, suffer not merely from the criticism of relying on irrational and irresponsible behavior of millions, including that of the most astute financial experts, but are also at a loss to explain why such...
Persistent link: https://www.econbiz.de/10005619598
europäische Geldpolitik in der näheren Zukunft ergeben. …
Persistent link: https://www.econbiz.de/10005649821
Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a Phillips curve, the natural rate is an equilibrium condition...
Persistent link: https://www.econbiz.de/10005835658
1360s. In the later 14th century, however, first England and then Flanders experienced an equally dramatic deflation, one … mid 15th century, some money wages did slowly rise, while deflation continued – thus indicating other forces at work to … important focus of this paper is that the late-medieval inflations and deflations (including the pronounced deflation preceding …
Persistent link: https://www.econbiz.de/10005835789
Keynes had called ‘Profit Deflation’ (for him, a truly negative force), in that industrial wages rose faster than industrial …
Persistent link: https://www.econbiz.de/10005836522
This paper analyses the major changes in textile products, production costs, prices, and market orientations during the era when the ‘draperies’ or cloth industries of the late-medieval Low Countries and England had become increasingly dependent upon northern markets and the German Hanseatic...
Persistent link: https://www.econbiz.de/10005837276