Showing 1 - 10 of 118
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
steady growth and creation of workplaces. Common currency has enabled to avoid the shock caused by rapid fluctuations of the … activity of the Bank of Lithuania during the process of integration into the EU. The viability of the inflation rate maintained …
Persistent link: https://www.econbiz.de/10009478178
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
inflation.Whereas extensive research on the transmission mechanism has been conductedin developed countries, such work in … Autoregression (VAR) analysis and the StructuralApproach involving the estimation of a small structural model for Botswanaeconomy …
Persistent link: https://www.econbiz.de/10009461171
The purpose of this paper is to examine the impact of inflation targeting on inflation for 27countries that have … adopted an inflation-targeting regime. The paper uses intervention analysis in Harvey's structuraltime series model to analyse … the impact of inflation targeting on inflation, using quarterlyobservations. This approach provides the most useful …
Persistent link: https://www.econbiz.de/10009481783
exchange rate movements do not have an impact on inflation, as aggregate rules of thumb mask substantial heterogeneities across … models showing that each shock which causes the exchange rate to move has a different price response, meaning that the … counteract deviations of inflation from target, including those relating to exchange rate fluctuations. Moreover, under the …
Persistent link: https://www.econbiz.de/10012523788
Este artículo describe una metodología que permite contrastar la convergencia absoluta y relativa del nivel general de precios (en media y varianza), basada en un modelo de precios relativos que incluye un proceso de transición y permite medir la velocidad de convergencia de precios entre un...
Persistent link: https://www.econbiz.de/10012523793
Artículo de revista ; This article analyses the link between the changes in and the drivers of inflation in a broad … range of advanced economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly … common monetary policy. Also, the comovement of inflation is found to be a phenomenon that tends to be more visible in the …
Persistent link: https://www.econbiz.de/10012524475
Artículo de revista ; This article analyses agents’ perception of the period of low inflation in recent years, in the … allows a distinction to be drawn between which portion of the low inflation phenomenon might be due to temporary factors and … inflation rate’s recent departure from the monetary policy objective to be predominantly temporary, although these deviations …
Persistent link: https://www.econbiz.de/10012525233
resolver este problema ; In this paper we look at global inflation trends over the last decade and try to disentangle factors … that could explain the ultra-low levels of inflation during the recovery from the Great Recession. We review the literature … inflation’s reduced cyclical sensitivity to domestic economic slack, a bigger role being played by forward-looking inflation …
Persistent link: https://www.econbiz.de/10012529567