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This article uses two analytical methodologies to understand the dynamics of inflation in Paraguay, the mark-up theory …
Persistent link: https://www.econbiz.de/10012677695
money, surveying the ongoing theoretical and empirical debate. The key conclusion is that an exclusive focus on non … policy decisions by providing a clearer narrative of the relative role of money in the interaction with other economic and …
Persistent link: https://www.econbiz.de/10005599686
In the early 1870s, the global monetary system transitioned from bimetallism-a regime in which gold and silver currencies were tied at quasi-fixed exhange ratios-to the gold standard that was characterized by the use of (only) gold as the main currency metal by the largest and most advanced...
Persistent link: https://www.econbiz.de/10015060354
the linkages between finance, money, and the real economy. Sources of market imperfections in finance are identified and …
Persistent link: https://www.econbiz.de/10005605171
, 2009), this paper discusses various options to move towards a new benchmarking system in the money market. It proposes a …
Persistent link: https://www.econbiz.de/10011242252
The purpose of this paper is to present a model that circumvents the requirement of explicitly setting a period in which the fiscal budget is to be balanced, yet implies that increases in the growth of public debt are bound to increase inflation when there is no perceived commitment to reduce...
Persistent link: https://www.econbiz.de/10005263970
This paper takes stock of the evolution of the international monetary system over the last thousand years. Several points stand out from the analysis. One is the reluctance of governments to embrace radical changes in international monetary relations. Another is the conflict between external and...
Persistent link: https://www.econbiz.de/10005264089
Sudanese inflation dramatically fell in 2000. But just prior to the sharp decline, an export ban was placed on Sudanese livestock. Motivated by this clue, and in the absence of any reliable income or employment data, this paper systematically develops simultaneous models of the consumer price...
Persistent link: https://www.econbiz.de/10005825891
can be analyzed as a credibility problem if the government has only one policy instrument, money supply carried out by … solve the credibility problem. They involve printing money or nominal debt and either (1) cutting taxes, (2) buying real … these policy instruments. It commits to higher money supply in the future so that the private sector expects inflation …
Persistent link: https://www.econbiz.de/10005599394
Pakistan. A stylized inflation model is specified that includes standard monetary variables (money supply, credit to the …
Persistent link: https://www.econbiz.de/10005604974