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This paper presents a comprehensive examination of the determination and evolution of inflation expectations, with a focus on emerging market and developing economies (EMDEs). The results suggest that long-term inflation expectations in EMDEs are not as well anchored as those in advanced...
Persistent link: https://www.econbiz.de/10012060221
This paper investigates the changing behavior of inflation expectations in response to the macroeconomic and policy environment. Using a panel of professional forecasters covering thirteen years of inflation targeting period from Turkey, we present evidence on the behavioral shifts in the...
Persistent link: https://www.econbiz.de/10012628450
This paper studies the impact of carbon pricing on firms' inflation expectations and discusses the potential implications for what constitutes the core of most central banks' mandate: price stability. Carbon policy shocks are identified from high-frequency changes in carbon futures price around...
Persistent link: https://www.econbiz.de/10014333769
speculation that had caused the crisis bringing the bank down. Creation of the syndicate and other actions were consistent with …
Persistent link: https://www.econbiz.de/10011396836
The scientific reassessment of the economic role of the state after the crisis has renewed interest in Abba Lerner … effectiveness of tackling the crisis with the different part of public budget. It also allows us to understand ways of increasing …
Persistent link: https://www.econbiz.de/10011545315
This paper provides a policy analysis of the EU Emissions Trading System and its crisis. The aim of the research is to … give an answer to the question why the EU Emissions Trading System is in crisis and cannot be revised in an effective way … revisions of the system. For this reason, the EU Emissions Trading System can be considered to be in crisis because it is based …
Persistent link: https://www.econbiz.de/10011595853
reviewing the main arguments in the Marxian framework that proposedly lead to crisis. Next, two schools of thought in the …
Persistent link: https://www.econbiz.de/10011461711
important role in alleviating the costs of the crisis. However, recent experiences suggest that the public finances often are … unprepared for a crisis. Deficits and debt levels prior to the crisis are commonly too high, limiting the government’s ability … to respond to the crisis. In this paper, we argue that theoretical macroeconomic models focus on stable equilibriums, may …
Persistent link: https://www.econbiz.de/10013208884
the 2011-13 Euro crisis, the quality of services and level of regulation did not deteriorate or indeed improved …, increasing convergence with the core Euro countries. However, the debt crisis dramatically worsened citizens' perceptions of … quality of governance as well as the level of social trust. The very different approach followed with the Covid crisis might …
Persistent link: https://www.econbiz.de/10012609101
Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There … writers to incorporate an analysis of periodic crisis in his analysis of capitalist accumulation. The paper then considers the …
Persistent link: https://www.econbiz.de/10010435907