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inflation and declining real wages - governments must engage in a transformative agenda and go beyond emergency energy vouchers … a starting point; a permanent policy of automatic adjustment of wages to inflation rates in all member states should be …
Persistent link: https://www.econbiz.de/10014474497
institutions, central bank, World Bank, United Nations) and complemented with data collected from stakeholders within the domestic …, 2 savings/investment accounts (private and public) and 2 foreign accounts (Nigeria and the rest of the world). The …
Persistent link: https://www.econbiz.de/10013185594
The present paper examines the stability of self-enforcing International Environmental Agreements (IEAs) among heterogeneous countries in a twostage emission game. In the first stage each country decides whether or not to join the agreement, while in the second stage the quantity of emissions is...
Persistent link: https://www.econbiz.de/10011957014
This paper examines the stability of International Environmental Agreements (IEAs) in an economy with trade. We extent the basic model of the IEAs by letting countries choose emission taxes and import tariffs as their policy instruments in order to manage climate change and control trade. We...
Persistent link: https://www.econbiz.de/10011957015
explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark … demographic groups have sharply different predictions for macroeconomic aggregates like the inflation rate …
Persistent link: https://www.econbiz.de/10010293481
We analyze the transmission of producer price in inflation shocks across the U.S. manufacturing industries from 1947 to …-causes the producer price inflation connectedness across industries. The input-output network and the inflation connectedness …-wide inflation connectedness in the first half of 2018, due to shocks mostly transmitted from tariff-targeted industries, namely …
Persistent link: https://www.econbiz.de/10012060215
An apparent disconnect has taken place between inflation and economic activity in the US over the last 25 years, with … price inflation remaining remarkably stable in spite of large fluctuations in the output gap and other measures of economic … unconditional variation in US macro data into the components driven by demand and supply disturbances, and confront the inflation …
Persistent link: https://www.econbiz.de/10014551721
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth," describing the … interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation and …
Persistent link: https://www.econbiz.de/10010281025
maintaining moderate inflation, the rate of investment; aggressive effort at domestic resource mobilisation; and structural change …
Persistent link: https://www.econbiz.de/10010293266
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012818360