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In this paper the stability of an inflationary process is examined. A dynamic model of the inflation has been developed … based on the quantity theory of money. Some theorists say that any rate of inflation other than zero is inherently instable …. They say that as people become aware of the fact of continues inflation, however slow, they will anticipate inflation and …
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The transformation of the world economy over the past two decades has been manifesting itself in various forms. On the … one hand, there is an increasing interdependence of the world economy, which is a manifestation of the depth of the … globalization process, mainly thanks to the expansion of information and communication technologies and the greater degree of the …
Persistent link: https://www.econbiz.de/10008500692
The efficiency of macroeconomic policies depends on adequate business cycle approximation. Given that potential output and the output gap (the difference between actual and potential output) are not directly observable, their values need to be estimated using alternative statistical, structural,...
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