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Collection Lags, Fiscal Revenue and Inflationary Financing : Empirical Evidence and Analysis

Choudhry, Nurun N. - 1991

The paper provides empirical evidence on collection lags in major categories of government revenue and analyzes the estimated revenue-eroding effects of inflation within the standard model of inflationary finance. The evidence indicates a wide variation in collection lags among the categories of...

Persistent link: https://www.econbiz.de/10014396174

Fiscal Policy and External Performance : The Turkish Experience

International Monetary Fund - 1989

In 1980 Turkey embarked on a far-reaching stabilization and liberalization program, which contributed to export-led growth and a significant movement toward both domestic and external equilibrium. Later, as fiscal policy was partly reoriented from a restrictive to an expansionary stance while...

Persistent link: https://www.econbiz.de/10014395994

Intangible investment and low inflation : a framework and some evidence

Lall, Subir; Zeng, Li - 2020

Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence that this may have contributed to more elastic...

Persistent link: https://www.econbiz.de/10012302067

The Nonmonetary Determinants of Inflation : A Panel Data Study

Cottarelli, Carlo - 1998

influencing the natural rate of unemployment, have a significant effect on inflation …

Persistent link: https://www.econbiz.de/10014400778

Price and Monetary Dynamics Under Alternative Exchange Rate Regimes

Bleaney, M. F. - 1999

According to theory, inflation persistence should have less variance across countries under pegged than floating exchange rates, but not necessarily a lower mean. The paper tests this prediction on postwar data for OECD countries. After allowing for the upward bias to persistence estimates...

Persistent link: https://www.econbiz.de/10014401841

International Evidenceon Tradables and Nontradables Inflation

Wolf, Holger C. - 1994

Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We identify a demand shift towards nontradables and faster growth of total factor productivity in the tradable goods sector as the prime causes of the differential inflation. In...

Persistent link: https://www.econbiz.de/10014396317

A simple multivariate filter for estimating potential output

Blagrave, Patrick; Garcia-Saltos, Roberto; Laxton, Douglas - 2015

Persistent link: https://www.econbiz.de/10011281619

Inflation and Activity – Two Explorations and their Monetary Policy Implications

Blanchard, Olivier - 2015

unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …

Persistent link: https://www.econbiz.de/10012418077

Did the global financial crisis break the U.S. Phillips curve?

Laséen, Stefan; Taheri Sanjani, Marzie - 2016

Inflation dynamics, as well as its interaction with unemployment, have been puzzling since the Global Financial Crisis … unemployment, post-GFC …

Persistent link: https://www.econbiz.de/10011711582

The Inflation-Unemployment Trade-Off At Low Inflation

Ricci, Luca Antonio - 2009

relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of … inflation decreases: this implies a long-run trade-off also between the volatility of unemployment and that of wage inflation …

Persistent link: https://www.econbiz.de/10014402571