Showing 1 - 10 of 1,138
The Fisher effect postulated that real interest rate is constant, and that nominal interest rate and expected inflation … interest rate and inflation rate while rejecting the notion of a full Fisher Effect. The dynamic relationship between nominal … interest rate and inflation rate is also examined from the error-correction models derived, and the analysis is extended to …
Persistent link: https://www.econbiz.de/10005837445
monetary forces in producing deflation in the second and final quarters of the fourteenth century, but severe inflation in … deflations and intervening inflation – were the most powerful determinant of the level of real wages (i.e., in terms of the …’ by the post-Plague inflation, so that real wages fell. Conversely, the rise of real wages in the second quarter of the …
Persistent link: https://www.econbiz.de/10005055486
. Contemporary economics has a similar pet peeve; it does not know how to cure common inflation and deflation. The same way medicine … leaves the body’s immune system to deal with colds until a cure is found contemporary economics leaves inflation and … managing inflation works, what doesn’t work is that free markets systems based on a Monetarist model lack reliable growth and …
Persistent link: https://www.econbiz.de/10008685520
This study investigates the effects of political instability on inflation in Pakistan. Applying the Generalized Method … political instability and inflation. This is further confirmed on analyses based on interactive dummies that reveal political … instability significantly leading to high (above average) inflation. …
Persistent link: https://www.econbiz.de/10005836236
This paper theoretically examines a way out of the euro crisis based on a model of inflation acceleration and … generates inflation differentials and huge current account imbalances among member states. As a result, although relatively more …
Persistent link: https://www.econbiz.de/10011207085
the redistributive effects of inflation. The experience of the new millennium has shown that the dollar peg, which … characterizes the exchange rate regime of the GCC countries, has been a major vehicle of inflation for the Gulf economies and …
Persistent link: https://www.econbiz.de/10011114345
basket and the estimate shows that Euro’s has increased during the period, consistent with the goals against inflation. This …
Persistent link: https://www.econbiz.de/10008516570
the redistributive effects of inflation. The anti-inflationary objective is a priority for Gulf Countries, which entails … not only countering the effects, but also removing the causes of inflation. The experience of the new millennium showed … that the dollar peg, which characterizes the exchange rate regime of the GCC Countries, was a major vehicle of inflation …
Persistent link: https://www.econbiz.de/10008493024
The present paper firstly examines and comments the arguments proposed by Werner Sinn and Wollmershaeuser in their paper on Target loans, current account balances and capital flows: the ECB’s rescue facility. Secondly, this contribution suggests an alternative view for solving the crisis in...
Persistent link: https://www.econbiz.de/10011257994
-oriented reform in policies and institutions, with the goals of restoring a sustainable balance of payments, reducing Inflation …
Persistent link: https://www.econbiz.de/10004961513