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Economic Crises and Governments in Turkey, 1969-2001 (Turkiye'de Ekonomik Krizler ve Hukumetler, 1969-2001)
Kibritcioglu, Aykut - EconWPA - 2004
(This abstract and the paper are in Turkish.) Ekonomik krizler; herhangi bir mal, hizmet, uretim faktoru veya doviz piyasasindaki fiyat ve/veya miktarlarda, kabul edilebilir bir degisme sinirinin otesinde gerceklesen siddetli dalgalanmalar olarak tanimlanabilir. Soz konusu krizlerin ortaya...
Persistent link: https://www.econbiz.de/10005126199
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The monetary approach to exchange rates in the CEECs
Crespo-Cuaresma, Jesús; Fidrmuc, Jarko; McDonald, Ronald - EconWPA - 2004
A panel data set for six Central and Eastern European countries (the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) is used to estimate the monetary exchange rate model with panel cointegration methods, including the Pooled Mean Group estimator, the Fully Modified Least Square...
Persistent link: https://www.econbiz.de/10005561077
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WOULD ADOPTING THE US DOLLAR HAVE LED TO IMPROVED INFLATION, OUTPUT AND TRADE BALANCES FOR NEW ZEALAND IN THE 1990s?
Hall, Viv; Huang, Angela - EconWPA - 2004
modest short-run output gains, greater excess demand pressures, noticeably higher CPI inflation rates over the whole of the …
Persistent link: https://www.econbiz.de/10005412749
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Managerial and Customer Costs of Price Adjustment: Direct Evidence from Industrial Markets
Zbaracki, Mark; Ritson, Mark; Levy, Daniel; Dutta, Shantanu - EconWPA - 2004
We study the price adjustment practices and provide quantitative measurement of the managerial and customer costs of price adjustment using data from a large U.S. industrial manufacturer and its customers. We find that price adjustment costs are a much more complex construct than the existing...
Persistent link: https://www.econbiz.de/10005076839
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Real Exchange Rate Misalignment in Turkey, 1987-2003 (in Turkish)
Kibritcioglu, Aykut; Kibritcioglu, Bengi - EconWPA - 2004
Real exchange rate misalignment measures deviations of actual real exchange rate from its long-run, or equilibrium, level. Policy makers and many researchers are interested in predicting and monitoring misalignment in the foreign exchange market, because, in many cases, it is closely related to...
Persistent link: https://www.econbiz.de/10005412763
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Is corporatism feasible?
Acocella, Nicola; Bartolomeo, Giovanni Di - EconWPA - 2003
In this paper we consider a standard policy game between the Government and a union. In such a framework, we first investigate the effects of corporatism on macroeconomic performance vis-à-vis different kinds of non-co-operative equilibria. Afterwards, we introduce in the literature the issue...
Persistent link: https://www.econbiz.de/10005076716
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INFLATION AND PRICE DISPERSION IN EQUITY MARKETS AND IN GOODS AND SERVICES MARKETS
Popper, David Parsley Helen - EconWPA - 2002
An empirical link between inflation and price dispersion has been well established in goods and services markets – both …. Specifically, we examine the link between inflation and price dispersion in an empirical setting patently lacking the market … inflation-dispersion link in goods and services markets with a matched panel of equity market prices. Surprisingly, we find that …
Persistent link: https://www.econbiz.de/10005076784
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Who Controls the Price Level?
Erdogdu, Oya S. - EconWPA - 2003
Under the guidance of different theories and the problem of dominance and activeness, this study gives a survey of the rapidly growing literature on Fiscal Theory of Price Level, which opens up new horizons in a non–Ricardian world and questions the effectiveness of monetary policy on price...
Persistent link: https://www.econbiz.de/10005076798
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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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Some benefits of reducing inflation in transition economies
Blaszkiewicz, Monika; Konieczny, Jerzy; Myslinskaa, Anna; … - EconWPA - 2003
We analyse welfare effects of the interactions between the tax system and inflation in Poland and in Ukraine, using the … framework developed by Feldstein (1997, 1999). This approach stresses the fact that inflation increases distortions created by …
Persistent link: https://www.econbiz.de/10005125002