Showing 1 - 10 of 151
A high inflation rate is the main obstacle prohibiting euro lead into the state, that‘s why the inflation theme is the … urgent one. We analyzed the inflation not only from the economic perspective, but from the legal side too. The changes of … property forms, legal tends, extent of inflation, form the inflation concepts too. Inflation is an economical process, when …
Persistent link: https://www.econbiz.de/10009478992
declines in Japanese inflation expectations. Policies undertaken by the Bank of Japan during this period did little to … monetary policy. Applying this approach to deflationary or near-zero inflation environments is problematic, however, and this … degree of uncertainty associated with potential output in an environment of prolonged stagnation and deflation. Consequently …
Persistent link: https://www.econbiz.de/10009472315
Did monetary ease in the 1980s cause Japan's bubble, as is often suggested? Drawing on both a new cross …-national consideration of the monetary policy-asset price linkage and a re-examination of what actually occurred in Japan 1985-1990, I … cause Japan's Great Recession? In fact, Japan's recession of 1990-94 was mild, and only a combination of policy mistakes …
Persistent link: https://www.econbiz.de/10009472319
-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …
Persistent link: https://www.econbiz.de/10009482289
technology (ICT) industry under the economic restructuring in Singapore and Taiwan. Using data collected from 211 multinational … and other latecomer countries such as China, India and Vietnam are discussed. …
Persistent link: https://www.econbiz.de/10009481481
technology (ICT) industry under the economic restructuring in Singapore and Taiwan. Using data collected from 211 multinational … and other latecomer countries such as China, India and Vietnam are discussed. …
Persistent link: https://www.econbiz.de/10009483802
to inflation targeting as their monetary policy. This paper serves as a survey of the experiences of emerging countries … in adoption to inflation targeting. In view of the recent successful experience of some emerging economies, the paper … focuses on inflation targeting as a choice of policy regime for Pakistan. The discussion and analysis in this paper suggests …
Persistent link: https://www.econbiz.de/10009441615
The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of money but it is the organising feature of modern...
Persistent link: https://www.econbiz.de/10009465939
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth", describing the … able to work themselves out fully. In this context, monetary shocks have a gradual and delayed effect on inflation, and … permanent nominal rigidities, and no departure from rational expectations, there is a long-run inflation-unemployment tradeoff …
Persistent link: https://www.econbiz.de/10009441372
This paper presents new non-linear regression estimates of the relationship between inflation and economic growth for … inflation is associated with moderate gains in GDP growth up to a roughly 15 – 18 percent inflation threshold. However, the … at all with either the inflation coefficient or our estimated turning point. With the middle income countries, we return …
Persistent link: https://www.econbiz.de/10009467896