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" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical … is made to estimate a NAIRU for Germany based on conventional Phillips curves as well as on new approaches such as using …
Persistent link: https://www.econbiz.de/10011448601
One of the most common myths in European economic history, and indeed in Economics itself, is that the Black Death of 1347-48, followed by other waves of bubonic plague, led to an abrupt rise in real wages, for both agricultural labourers and urban artisans – one that led to the so-called...
Persistent link: https://www.econbiz.de/10005055486
The objectives of this study are three-fold. The first is to rebut Charles Kindleberger’s famous dictum that usury ‘belongs less to economic history than to the history of ideas’; and in particular to demonstrate that the resuscitation of the anti-usury campaign from the early 13th century...
Persistent link: https://www.econbiz.de/10005617005
This paper evaluates the main effects of the implementation of tax flat system in Romanian economy. If accompanying measures are not going to be enforced, the introduction of the flat rate of 16% in Romania will lead to unsustainable budgetary deficits and inflationist pressures. The flat tax...
Persistent link: https://www.econbiz.de/10005837098
As it also happened in many Latin American countries during the 60s and 70s, inflation became one of the main economic problems in the Brazilian economy. The acceleration of prices and hyperinflation coexisted not only with periods of economic expansion (1956-1979), but also with huge...
Persistent link: https://www.econbiz.de/10008533695
Monetarists maintain that changes in the price level are attributable to the level of the money supply. Hence, price stability has been the rationale for the money supply rule derived from the Quantity Theory of Money. Consequently, to curb inflation, the general price level index is the lever...
Persistent link: https://www.econbiz.de/10005789682
This study empirically investigates whether the assumption of the monetary authority in pre-2000 Germany that rising … prices of imported crude oil would lead to domestic inflation in Germany had validity. In a model where unemployment rate … changes, money stock growth, and wage growth are all allowed for, OLS estimation reveals that although the inflation rate in …
Persistent link: https://www.econbiz.de/10011111941
Potential links between inflation, (t), and unemployment, UE(t), in Germany have been examined. There exists a … and lagged relationship between inflation, unemployment and labor force has been also obtained for Germany. Changes in …
Persistent link: https://www.econbiz.de/10005786895
This paper focuses on some of the macroeconomic risks that lie ahead for Latin America. The discussion is informed by my work on crises and capital flows and their macroeconomic consequences. The trends and initial conditions that allowed the region to weather the global economic storm of...
Persistent link: https://www.econbiz.de/10011258911
Central Banks have gained much credibility in controlling one important macroeconomic variable: inflation. This paper tries to examine the relation between inflation and other economic variables in Croatia by searching for the best forecasting model.
Persistent link: https://www.econbiz.de/10005260090