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The dynamics of social development shows that, throughout history, economies have experienced periods of boom and crisis, which were repeated at short, medium and long term, which induces the idea of cyclicality. The effects of the crisis were experienced in terms of investment, output,...
Persistent link: https://www.econbiz.de/10010857174
This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … stagflation in the baseline model is essentially eliminated. In contrast with several other recent papers that have focused on the …
Persistent link: https://www.econbiz.de/10010960454
This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … stagflation in the baseline model is essentially eliminated. In contrast with several other recent papers that have focused on the …
Persistent link: https://www.econbiz.de/10011209199
Persistent link: https://www.econbiz.de/10004023583
Persistent link: https://www.econbiz.de/10004012572
Persistent link: https://www.econbiz.de/10005245981
This paper revisits the issue of what factors produced the macroeconomic policies that led to the Great Inflation of the 1970s. I emphasize that a satisfactory explanation should satisfy two important criteria. First, it must be consistent with the record of views on the economy, manifested in...
Persistent link: https://www.econbiz.de/10005086863
gegenwärtige (1994) Arbeitslosigkeit ist ein Problem der Stagflation. Durch die Stagflation wird sich bei jeder Arbeitslosigkeit …
Persistent link: https://www.econbiz.de/10005013626
shocks contributed to the stagflation of the 1970s. Understanding what went wrong in the 1970s is the key to learning from … related to the oil market played a major role in causing both the major oil price increases of the 1970s and stagflation in … monetary policy makers, causing stagflation in the process. This paper reviews the evidence for these two main explanations …
Persistent link: https://www.econbiz.de/10005016247
Форду досталось весьма серьезное наследство: позор Уотергейта, огромные жертвы во Вьетнаме, второй мировой экономический кризис с растущей инфляцией, нефтяным...
Persistent link: https://www.econbiz.de/10011233671