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The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high …
Persistent link: https://www.econbiz.de/10011108214
As an innovator in the financial system, China was the first to use paper currency. Eventually the form of currency was … held responsible for devastating inflation and was abandoned during the Ming Dynasty. Going forward in time, uprisings and … discontent have emphasized the importance of controlling inflation. The central bank is pivotal in issuing monetary policy to …
Persistent link: https://www.econbiz.de/10009323474
This paper empirically examines developments in price and inflation in China from 1991 to 2005. Unlike most previous … evidence that inflation can be explained by economic fundamentals such as money, credits, productivity, and exchange rate … sensitive to the sample period than to the region type. Notably, money does not seem to be closely associated with inflation …
Persistent link: https://www.econbiz.de/10008615004
In this paper, we study asymmetric information economies consisting of both non-negligible and negligible agents and having ordered Banach spaces as their commodity spaces. In answering a question of Herves-Beloso and Moreno-Garcia in [17], we establish a characterization of Walrasian...
Persistent link: https://www.econbiz.de/10009403445
The search for the credibility of monetary policies during the recent decades this is materialized , among other things, changes in the laws that govern the activities of the Central Bank, supposed main guarantor of the proper conduct of monetary policy. These changes are aimed , essentially the...
Persistent link: https://www.econbiz.de/10011274381
inflation for different horizons. We design our forecast experiment for the post-oil boom years of 2010-2014 and compare … advantage over naïve ones in boom and pre-boom years. We find that despite declining volatility in inflation over the post … of inflation. …
Persistent link: https://www.econbiz.de/10011251893
sectors, we deduce the overall inflation generated by direct and indirect requirements for the total economy. For example, an … increase in oil prices by 75% generates a global inflation cost between 5.5% and 8%. Symmetric scenarios indicate no strong … asymmetrical effects. The generated inflation may alter the stable path of inflation recorded over the past fifteen years putting …
Persistent link: https://www.econbiz.de/10011253053
formulated at the beginning, one also notes that inflation has a negative effect on the economic growth. These results emphasize …
Persistent link: https://www.econbiz.de/10011258720
likelihood of a variety of crises—banking, currency, external default and inflation. For Latin America, in particular, large … capital flow bonanzas have seldom ended well. The implications for inflation of importing (via less than fully flexible …
Persistent link: https://www.econbiz.de/10011258911
Overall inflation in Bangladesh saw a surge in inflation rate amid rising trend of global commodity prices in the last … few years. Inflation in 2009 was 6.66 percent and 7.31 percent in 2010. As higher inflation might have detrimental impact … on different sectors, this study aims to assess the impact of inflation on the performance of the financial sector in …
Persistent link: https://www.econbiz.de/10011258918