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Inflation Targeting: A Critical Approach

Arestis, Philip - In: Ensayos Económicos 1 (2013) 68, pp. 7-21

implication for economic policy has been the implementation of inflation targeting (IT). This paper critically raises a number of …

Persistent link: https://www.econbiz.de/10010849645

Regime and Underlying Inflation Dynamics: ¿Generalized Comovement or Relative Price Adjustment?

Castagnino, Tomás; Laura D’Amato - In: Ensayos Económicos 1 (2008) 52, pp. 87-120

Inflation is usually defined as a generalized and persistent change in the price level. But this notion seems to be …, that inflation dynamics is always dominated by a strong comovement in sectoral prices. Nor that absolute price changes … predominate over relative price adjustment. What is more, it is expected that in normal times, when inflation remains at a low …

Persistent link: https://www.econbiz.de/10010551946

On the Generality of the New Keynesian Phillips Curves

Paloviita, Maritta - In: Ensayos Económicos 1 (2009) 55, pp. 7-32

Phillips curve is purely forward-looking model of inflation dynamics in the closed economy context. It is based on time … economy framework, inflation dynamics become more complicated, as new channels arise due to exchange rate changes and the … influence domestic inflation. Imported goods can be modelled as intermediate goods (McCallun and Nelson, 1999, 2000; Kara and …

Persistent link: https://www.econbiz.de/10010551990

Structural Inflation Redux

Vera, Leonardo - In: Ensayos Económicos 1 (2013) 69, pp. 37-99

Theories of inflation derived from the Latin American structuralist thought contain a set of contributions that … inflationary phenomenon can have for structuralists. First we assume that the structural theory of inflation is the dual … conflict between groups of interest underlies the structural approach of inflation. The conflict results from changes in …

Persistent link: https://www.econbiz.de/10010761997

How Well Has Latin America Fared During the Global Financial Crisis?

Ocampo, José Antonio - In: Ensayos Económicos 1 (2011) 61-62, pp. 7-33

Has Latin America broken new ground with its performance during the recent global financial crisis and, furthermore, during the recent business cycle? Some level of macroeconomic prudence was certainly present during the recent boom, and the region responded to the recent crisis without the...

Persistent link: https://www.econbiz.de/10010551948

Raúl Prebisch, Between Theory and Practice

Nakhlé, Guillermo E. - In: Ensayos Económicos 1 (2011) 61-62, pp. 275-303

Raúl Prebisch (1901-1986) was an Argentine economist, who came to be well known as a distinguished academic and first-class Argentine government official during nearly two decades before finding his final place in international organizations. As from the 1930s crisis, economic science became an...

Persistent link: https://www.econbiz.de/10010551982

Peripheral Fluctuations: Notes on the Macroeconomic Analysis of Raúl Prebisch

Heymann, Daniel - In: Ensayos Económicos 1 (2010) 57-58, pp. 7-32

The work of Prebisch covers a long period of time, during which the configuration of Argentina’s economy as well as the contents and methods of economic theory underwent significant changes. His concern to explore the mechanisms of economic fluctuations in peripheral economies, particularly...

Persistent link: https://www.econbiz.de/10010551988