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rejection. Actions which in the absence of such money, have little influence on total spending, output and prices, on the …, who tried to revitalize and reconfigure the old quantity theory of money. These ideas were transposed and discussed by …
Persistent link: https://www.econbiz.de/10009325676
between those quarters (i.e., from the early 1340s to the mid 1370s). The analysis of the evidence on money, prices, and wages … depopulation will result in falling grain prices and thus in falling rents on grain-producing lands (on land in general) and in … would also have been a product of the fall in the cost of living, chiefly determined by bread-grain prices, whose decline …
Persistent link: https://www.econbiz.de/10005055486
discipline can he permit to keep prices and production levels of social optimum to sustain economic growth ? In this paper, an … neighborhood and unobserved heterogeneity of countries of the region to analyze the effects of Policy mix on inflation, the output … mechanism of propagation of shocks affecting the level of inflation and a mecanisme for output stabilization. …
Persistent link: https://www.econbiz.de/10011258948
for this research is the perception that since the increase in oil prices in the mid 70s, Venezuelan policymakers have … indicate that for the period analyzed, Lucas’s hypothesis explains fairly well why the trade-off between inflation and output …
Persistent link: https://www.econbiz.de/10011259960
others blamed imported inflation, administered prices or mismanagement and loose control of the government. This study …. This initiated a debate on the determinants of the recent inflation. Some blamed fiscal policy or monetary policy, while …, adopting an econometric framework, focuses on the identification of the main determinants of recent inflation trends. Using …
Persistent link: https://www.econbiz.de/10005079321
inflation in the Gulf Cooperation Council (GCC) countries over the 1980-2008 period. We argue that, in GCC countries, money is … supply stands out as a significant determinant of inflation both in short- and long-run. Both foreign prices and the nominal … essentially demand determined, so that the high collinearity between money and aggregate demand indicators such as non …
Persistent link: https://www.econbiz.de/10008765622
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high …
Persistent link: https://www.econbiz.de/10011108214
The objective of the paper is to re-examine the causal relationship between money and prices in Pakistan using recent … relationship between prices and M2 definition of money. The other definitions of money do not seem to be related with prices. The … analysis further suggests a unidirectional causality running from money to prices and thus supporting the monetarists’s claim …
Persistent link: https://www.econbiz.de/10005260060
This paper attempts to look at the trends in income, money, and prices in Pakistan over the years. In addition, we also … a little role of money in changing income as well as prices. On the other hand, money seems to be significantly affected … 1970s. However, these expansions can be attributed to phenomenal expansions in prices. Real income, on the other hand …
Persistent link: https://www.econbiz.de/10005790412
This study re-examines the causal relations between money and the two variables, i.e., income and prices. Using annual … prices. The analysis indicates, in general, the long run relationship among money, income, and prices. The analysis further … relationship between money and prices, the analysis suggests a unidirectional causality from money to prices implying monetary …
Persistent link: https://www.econbiz.de/10005835538