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Exchange Rate Regimes and Nominal Convergence in the CEECs
Järvinen, Marketta - EconWPA - 2002
This paper examines, in the context of future EMU membership of the Central and Eastern European countiries (CEECs), the interaction between fiscal policy and the price level in different exchange rate regimes. The theoretical framework is based on the Fiscal Theory of the Price Level (FTPL)....
Persistent link: https://www.econbiz.de/10005076688
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The Cause of the Great Inflation: Interactions between the Government and the Monetary Policymakers
Harashima, Taiji - EconWPA - 2005
The paper offers a new explanation for the cause of the Great Inflation by constructing a model that explicitly … separates the roles of government and monetary policymakers. A mechanism that inflation can accelerate even if an inflation … target is low is uncovered. The model solves the puzzle of the observed high inflation target during the Great Inflation and …
Persistent link: https://www.econbiz.de/10005124998
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A Theoretical Model of Industrial Economy Inflationary Dynamics
Jr, Thomas M Fullerton; Araki, Eiichi - EconWPA - 2004
A standard monetary model of inflation is augmented to include import, labor, energy, and intermediate good cost …
Persistent link: https://www.econbiz.de/10005125015
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Turkiye'de Akaryakit Urunu Fiyat Gelismeleri ve Enflasyon: Yeni Bulgular (= Changes in Prices of Oil Products and Inflation in Turkey: New Evidence)
Kibritcioglu, Aykut - EconWPA - 2003
Ham petrol ithal fiyatlarindaki degismeler dolayisiyla akaryakit urunlerinin yurtici fiyatlarinda meydana gelen degismelerin Turkiye'deki olasi enflasyonist ve/veya deflasyonist etkileri, Kibritcioglu ve Kibritcioglu (1999) tarafindan kuramsal ve olgusal bilgiler isiginda sematik ve ampirik...
Persistent link: https://www.econbiz.de/10005126125
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Short-Run Price Movements in Ecuador
Jr, Thomas M Fullerton - EconWPA - 2004
A theoretical model of inflationary dynamics in Ecuador is specified for the pre-dollarization period when the sucre was still the official currency. Parameter estimation is carried out using a battery of time series techniques. Monthly data from January 1964 to December 1994 are used in the...
Persistent link: https://www.econbiz.de/10005126131
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Output Changes and Inflationary Bias in Transition
Filer, Randall K.; Hanousek, Jan - EconWPA - 2001
Mismeasurement of inflation is likely to be more severe in a transition economy than in a more stable environment …
Persistent link: https://www.econbiz.de/10005126136
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New Hope for the Fisher Effect? A Re-Examination Using Threshold Cointegration
Weidmann, Jens - EconWPA - 1997
This paper reassesses the long-run relation between nominal interest rates and inflation using German data. It shows … adjusting to changes in inflation, can be attributed to the particular time series behavior of inflation and interest rates … bivariate system of inflation and interest rates depends on the level of the variables and should be modeled as a thresh …
Persistent link: https://www.econbiz.de/10005126206
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New Keynesian Models and the Kydland and Prescott Test
Paez-Farrell, Juan - EconWPA - 2004
This paper evaluates New Keynesian models using RBC methods for a number of key macroeconomic variables. Its main findings are that the NK model provides a good description of the behaviour of real variables but performs very poorly when nominal variables are considered. The latter result is...
Persistent link: https://www.econbiz.de/10005126239
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Inflationary Pressure Determinants in Mexico
Jr, Thomas M Fullerton; Calderon, Cuauhtemoc - EconWPA - 2004
A monetary inflation model is augmented to include import prices and wages in a theoretically plausible manner …
Persistent link: https://www.econbiz.de/10005126245
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Ham Petrol ve Akaryakit Urunu Fiyat Artislarinin Turkiye'deki Enflasyonist Etkileri (= Inflationary Effects of Increases in Prices of Improted Crude-Oil and Oil-Products in Turkey)
Kibritcioglu, Aykut; Kibritcioglu, Bengi - EconWPA - 2003
Ham petrol fiyatlarindaki artislarin petrol ithalatcisi ulkelerdeki olasi enflasyonist etkileri, ozellikle 1970’li yillarda Dunya’da yasanan iki buyuk petrol krizinden bu yana tartisilir olmustur. Bir ham petrol ithalatcisi olan Turkiye’de de, enflasyonun onemli kaynaklarindan birinin ham...
Persistent link: https://www.econbiz.de/10005126442