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Much of the opposition to indexation as a means of adapting to on going inflation arises from the view that indexation … association between indexation and inflation is in large part a consequence of the monetary and fiscal policies being followed by … deficits are in part financed through the printing of money. It is shown that all aspects of indexing -- wage indexation, bond …
Persistent link: https://www.econbiz.de/10012478451
yields on long maturity inflation - indexed bonds. This relationship can be interpreted as defining the fair value of the … exchange rate that will prevail in any model or real world economy in which inflation indexed bonds are traded. An advantage of … with a 50 basis point rise in the inflation indexed bond return differential in favor of the foreign country and an 50 …
Persistent link: https://www.econbiz.de/10012459935
as the manifestation of excessive monetary injections [Krugman-Flood-Garber], the fiscal theory of inflation [Sargent …-finance optimizing problem. We shows that under conditions similar to those which prevailed in Russia and Argentina prior to their …
Persistent link: https://www.econbiz.de/10012469520
The contrast between the early nineteenth century Argentinean experience of high inflation and the American experience … of low inflation is interpreted in terms of a dynamic monetary model of optimal taxation. It is argued that the two … the presence of frequent wars, ever-tightening access to foreign capital, and an inadequate tax base, Argentina's use of …
Persistent link: https://www.econbiz.de/10012471950
We study the impact of targeted price controls for supermarket products in Argentina from 2007 to 2015. Using web …-scraping, we collected daily prices for controlled and non-controlled goods and measured the differential effects on inflation … CPI weight, they have a temporary effect on aggregate inflation and no downward effect on other goods. Second, contrary to …
Persistent link: https://www.econbiz.de/10012453439
-profiteering measures on food necessities during a period of high inflation in Argentina. Using barcode-level data across more than 3 …
Persistent link: https://www.econbiz.de/10014512095
devaluations within the context of a surge in inflation and a fall and subsequent recovery of real labor income. To better …
Persistent link: https://www.econbiz.de/10014544772
We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between … discounts grew at a much lower average rate than regular prices, helping to mitigate the inflation burden. By contrast …
Persistent link: https://www.econbiz.de/10014576655
An indexed unit of account is a unit of measurement defined using an index such as a consumer price index so that prices defined in terms of these units will automatically adjust to changing economic conditions. Evidence on sticky prices and money illusion, and evidence from countries (notably...
Persistent link: https://www.econbiz.de/10012471627
Risk often inhibits on-farm investment by smallholder farmers. Recent evidence indicates that index insurance and stress tolerant seeds can separately and partially offset this risk effect. In this study, we explore whether the complementarities between these two risk management technologies can...
Persistent link: https://www.econbiz.de/10012629454