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inflation and the pre-Accord peg. In this counterfactual, debt/GDP declines only to 74% in 1974, not 23% as in actual history …The fall in the U.S. public debt/GDP ratio from 106% in 1946 to 23% in 1974 is often attributed to high rates of … economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged …
Persistent link: https://www.econbiz.de/10015058792
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and … GDP growth in India. We collect data on a sample of 14 Indian states over the period 1989–2013, and use the cross …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …
Persistent link: https://www.econbiz.de/10011142122
times. An inflation shock only slightly reduces the debt ratio for a few quarters. A positive growth shock unambiguously …
Persistent link: https://www.econbiz.de/10009622446
inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …
Persistent link: https://www.econbiz.de/10010990724
In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the contribution of unbalanced growth to the decline in the share of goods production in Australia and New Zealand. The simulation results suggest that faster productivity growth in the tradable goods sector in...
Persistent link: https://www.econbiz.de/10005248284
an upper-bound impact on Thai GDP growth of 0.9 percentage points. …
Persistent link: https://www.econbiz.de/10005248323
analyses of the relationship between projections and outcomes for growth, inflation, and three balance of payments concepts …. Statistical bias is found only for projections of inflation and official reserves. Statistical efficiency can be rejected for all …
Persistent link: https://www.econbiz.de/10005263972
Since the global financial crisis, corporate investment has been weak in India. Sluggish corporate investment would not only moderate growth from the demand side but also constrain growth from the supply side over time. Against this background, this paper analyzes the reasons for the slowdown...
Persistent link: https://www.econbiz.de/10009654154
tension, real exchange rates, and inflation. Second, as found elsewhere in the literature, there is a certain asymmetry …
Persistent link: https://www.econbiz.de/10009203539
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10005825770