Narrow search
Showing 1 - 10 of 549
Cover Image
Takeoffs
Aizenman, Joshua; Spiegel, Mark - 2007
This paper identifies factors associated with takeoff - a sustained period of high growth following a period of stagnation. We examine a panel of 241 stagnation episodes" from 146 countries, 54 % of these episodes are followed by takeoffs. Countries that experience takeoffs average 2.3% annual...
Persistent link: https://www.econbiz.de/10010285304
Cover Image
Inflation and monetary regimes
Dwyer, Gerald P.; Fisher, Mark - 2009
Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods …. Correlations of inflation with the growth of money also are higher when high-inflation as well as low-inflation countries are … included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together …
Persistent link: https://www.econbiz.de/10010292328
Cover Image
Supply shocks and the persistence of inflation
Sommer, Martin - 2002
This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …
Persistent link: https://www.econbiz.de/10010293489
Cover Image
Regime dependence, common shocks and the inflation-relative price variability relation
Castagnino, Tomás; D'Amato, Laura - 2008
Using frequency domain techniques to separate short and long run dynamics and decomposing inflation into its common and … idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High … inflation, strong long-run comovement between RPV and Inflation is found for both economies, that extends to the short run …
Persistent link: https://www.econbiz.de/10010325092
Cover Image
How inflation affects macroeconomic performance: An agent-based computational investigation
Ashraf, Quamrul; Gershman, Boris; Howitt, Peter - 2012
We use an agent-based computational approach to show how inflation can worsen macroeconomic performance by disrupting … the mechanism of exchange in a decentralized market economy. We find that increasing the trend rate of inflation above 3 …
Persistent link: https://www.econbiz.de/10010284044
Cover Image
Macroeconomic determinants of exit from aid-dependence
Hailu, Degol; Shiferaw, Admasu - 2012
maintaining moderate inflation, the rate of investment; aggressive effort at domestic resource mobilisation; and structural change …
Persistent link: https://www.econbiz.de/10010293266
Cover Image
Real exchange rates and the long-run effects of aggregate demand in economies with underemployment
Skott, Peter; Rapetti, Martin; Razmi, Arslan - 2012
Successful economic development to a large extent derives from the mobilization of underemployed resources. Demand policy can play an important role. It is critical, however, to consider balance of payments constraints and to ensure an expansion of investment in the modern sector. A combination...
Persistent link: https://www.econbiz.de/10010287792
Cover Image
Global Inflation
Ciccarelli, Matteo; Mojon, Benoît - 2008
This paper shows that in ation in industrialized countries is largely a global phenomenon. First, the inflation rates … variance share that is associated with Global Inflation is not only due to the trend components of inflation (up from 1960 to … comovement of inflation comes largely from common shocks. Global Inflation is a function of real developments at short horizons …
Persistent link: https://www.econbiz.de/10010292130
Cover Image
Macroeconomic expectations of households amd professional forecasters
Carroll, Christopher D. - 2002
Economists have long emphasized the importance of expectations in determining macroeconomic outcomes Yet there has been almost no recent effort to model actual empirical expectations data; instead macroeconomists usually simply assume expectations are rational This paper shows that while...
Persistent link: https://www.econbiz.de/10010293441
Cover Image
Disinflations in Latin America and the Caribbean: A free lunch?
Hofstetter, Marc - 2004
-have been carried out at no cost to output. After suggesting a new methodology that allows for long-lived effects and inflation … combination of circumstances-i.e. capital inflows, structural reforms and the peculiar recent inflation history-can explain that …
Persistent link: https://www.econbiz.de/10010293509