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to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating … Maastricht inflation criterion which as currently defined has lost its economic logic. …
Persistent link: https://www.econbiz.de/10010494377
Persistent link: https://www.econbiz.de/10001028578
Persistent link: https://www.econbiz.de/10001030493
In this paper, we examine the cost of insurance against model uncertainty for the Euro area considering four alternative reference models, all of which are used for policy-analysis at the ECB. We find that maximal insurance across this model range in terms of a Minimax policy comes at moderate...
Persistent link: https://www.econbiz.de/10005345043
Az új EU tagállamok gazdasági folyamatainak szembeötlõ jellegzetessége az egy fõre jutó GDP-ben mutatkozó felzárkózásuk, illetve az ezzel kapcsolatos árszínvonalbeli konvergencia. Amennyiben ez a jövõben is folytatódni fog, akkor az inflációra és árfolyamra vonatkozó...
Persistent link: https://www.econbiz.de/10010494397
Nicolas Baudeau (1730-1792) was a theologian, historian and "economist-philosopher" of the second half of the eighteenth century. His name appears in manuals as a popularizer of the ideas of Quesnay and as the founder of the first journal of economics of the Physiocrats, but we are not familiar...
Persistent link: https://www.econbiz.de/10010494537
to close and the greater is the danger of credit booms and overheating. We argue that inflation targeting with floating … Maastricht inflation criterion which as currently defined has lost its economic logic. -- euro area enlargement ; convergence … ; capital flows ; credit boom ; exchange rate regime ; inflation ; Maastricht …
Persistent link: https://www.econbiz.de/10003770688
Az új EU tagállamok gazdasági folyamatainak szembeötlõ jellegzetessége az egy fõre jutó GDP-ben mutatkozó felzárkózásuk, illetve az ezzel kapcsolatos árszínvonalbeli konvergencia. Amennyiben ez a jövõben is folytatódni fog, akkor az inflációra és árfolyamra vonatkozó...
Persistent link: https://www.econbiz.de/10003824132
Nicolas Baudeau (1730-1792) was a theologian, historian and "economist-philosopher" of the second half of the eighteenth century. His name appears in manuals as a popularizer of the ideas of Quesnay and as the founder of the first journal of economics of the Physiocrats, but we are not familiar...
Persistent link: https://www.econbiz.de/10009754726
. Unanticipated inflation redistributes income and wealth. In order to model the wealth distribution, we study a 60-period OLG model …
Persistent link: https://www.econbiz.de/10005345083