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Optimal price indices for targeting inflation under incomplete markets
Anand, Rahul; Prasad, Eswar S. - 2010
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating … stabilize price movements in the flexible price sector. Also, in the presence of financial frictions, stabilizing core inflation … frictions a welfaremaximizing central bank should adopt flexible headline inflation targeting - a target based on headline …
Persistent link: https://www.econbiz.de/10008810538
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How opportunity costs decrease the probability of war in an incomplete information game
Polachek, Solomon W. (contributor); Xiang, Jun (contributor) - 2008
This paper shows that the opportunity costs resulting from economic interdependence decrease the equilibrium probability of war in an incomplete information game. This result is strongly consistent with existing empirical analyses of the inverse trade-conflict relationship, but is the opposite...
Persistent link: https://www.econbiz.de/10003784394
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Geographic proximity, trade and international conflict/cooperation
Robst, John (contributor); Polachek, Solomon W. (contributor) - 2006
This paper examines the interactive effect of distance and trade on international conflict and cooperation. The effect of geographic distance depends on trade, while the effect of trade varies with geographic distance. Trade reduces conflict to a greater extent when dyads are geographically...
Persistent link: https://www.econbiz.de/10003283434
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How outsourcing affects bilateral political relations
Polachek, Solomon W. (contributor) - 2004 - [Elektronische Ressource]
One issue the literature neglects is how outsourcing stimulates trade (imports, exports and foreign direct investment), thereby affecting political relations. However, at least as far back as 1750, economic philosophers such as Baron de Montesquieu in his L'Esprit des Lois, argued, peace is the...
Persistent link: https://www.econbiz.de/10002452365
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Did the national minimum wage affect UK prices?
Wadsworth, Jonathan - 2009
One potential channel through which the effects of the minimum wage could be directed is that firms who employ minimum wage workers could pass on any resulting higher labour costs in the form of higher prices. This study looks at the effects of the introduction and subsequent uprating of the...
Persistent link: https://www.econbiz.de/10003900009
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The effect of the minimum wage on prices
Lemos, Sara (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001980024
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The effects of the minimum wage on wages, employment and prices
Lemos, Sara (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002036058
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The effect of the minimum wage on prices in Brazil
Lemos, Sara (contributor) - 2004
Persistent link: https://www.econbiz.de/10001978459
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Examining the impact of macro-economic conditions on income inequality
Jäntti, Markus; Jenkins, Stephen - 2001
and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10011403817
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The impact of inflation targeting on inflation and growth: how robust is the evidence?
Junankar, Pramod N.; Wong, Chun Yee - 2020
This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … evidence to show that the support for a successful Inflation Targeting policy is very weak or non-existent. We use various … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this …
Persistent link: https://www.econbiz.de/10012227388