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Inflation as a phenomenon has witnessed remarkable changes starting from mid-eighties of the last century. Inflation … pull inflation as one of the major determinants of inflation has decreased due to efficient monetary policies that have … been adopted by central banks all over the world to reduce inflation based on anchoring inflation expectations. Moreover …
Persistent link: https://www.econbiz.de/10009647354
Economic theory tells that a command system allocates resources poorly because of the impossibility of economic calculation. Therefore, once prices are freed and start to operate at quasi-equilibrium (market-clearing) levels, the hidden inefficiencies come into the open and a massive resource...
Persistent link: https://www.econbiz.de/10005837452
We investigate inflation dynamics and the presence of the cost channel in ten emerging markets since the 1990's from … the instrument set of GMM estimations. We confirm substantial and significant backward-looking behavior in the inflation …
Persistent link: https://www.econbiz.de/10011109959
Using a New Keynesian small open economy model, we examine the effects of central bank transparency on inflation …
Persistent link: https://www.econbiz.de/10005837058
Over the past few decades, while trade has contributed significantly to economic growth in various economies including India, openness has also exposed them to vagaries of external shocks. While recent global financial crisis (GFC) essentially originated in advanced economies, it got transmitted...
Persistent link: https://www.econbiz.de/10011257897
the government debt dynamics. The main variables of the analyzed system are GDP, inflation, the effective interest rate on … government debt, government revenues and expenditures, the exchange rate and government debt. The estimation is carried out using …
Persistent link: https://www.econbiz.de/10011258615
This study investigates the relationship between workers’ remittances and economic growth in China and Korea by employing time series data from period of 1980 to 2009. Cointegration results confirm that there exist significant positive long run relationship between remittances and economic...
Persistent link: https://www.econbiz.de/10011260881
The paper explores puzzles in Indian growth performance such as the prolonged period of below potential growth in the late nineties. Uneven investment was a major explanation. Risk aversion and adverse expectations prevented investment from rising. Since sufficient domestic and foreign savings...
Persistent link: https://www.econbiz.de/10008855241
main variables of the system include GDP growth, inflation, the effective interest rate on government debt, government … expenditures and revenues, the exchange rate and government debt. The utilized estimation method is the Bayesian approach. …
Persistent link: https://www.econbiz.de/10009325641
of the presence of asymmetries in response to the inflation rate and output gap for all the sample countries. …
Persistent link: https://www.econbiz.de/10011108435