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root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …
Persistent link: https://www.econbiz.de/10009477386
The introduction of a centralized institution for trading production rights in quota-regulated agricultural sectors can dramatically improve the flow of information among market participants and increase efficiency. On the other hand, prevailing conditions in these small markets can provide...
Persistent link: https://www.econbiz.de/10009442657
This dissertation examines the effects of commodity market liberalization on the farmer's price. Chapter two of this dissertation presents a theoretical model of commodity market liberalization which aims to analyze the impact of market liberalization on the farmer's price. This monopsony-type...
Persistent link: https://www.econbiz.de/10009450615
The major objective of this thesis is to investigate whether there exists a stable long run and short run equilibrium relationship between real money balances (M1 or M2) and their determinants in Thailand. A cointegration analysis and the Vector Error Correction Model (VECM) are conducted on...
Persistent link: https://www.econbiz.de/10009434859
Baigiamajame magistro darbe analizuojamas nacionalinės ekonomikos rezultatyvumo matavimo klausimas pasitelkiant bendriausią makroekonomikos matą BVP. Teorinėje darbo dalyje aptariama šio rodiklio sukūrimo esmė bei raida nacionalinės sąskaitybos sistemos kontekste. Įvardijami pasirinkto...
Persistent link: https://www.econbiz.de/10009478540
analyzed in the context of social and economic factors. The impact of GDP, level of inflation and unemployment, rates of salary …
Persistent link: https://www.econbiz.de/10009479003
Recent financial instability has called into question the sufficiency of low inflation as a goal for monetary policy … quantity theory, and their policy prescription of price stability supported by lender of last resort activities in the event of …, particularly Austrian theory which stressed the banking system’s capacity to generate relative price distortions and forced saving …
Persistent link: https://www.econbiz.de/10009447210
Experimental auction and discrete choice experiment are two popular value elicitation methods.Theoretically they should yield the same results but empirical results have been mixed (e.g.,Lusk and Schroeder 2004, 2006; Corrigan et al. 2010.) This study uses both methods todetermine consumers’...
Persistent link: https://www.econbiz.de/10009444358
-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
explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …
Persistent link: https://www.econbiz.de/10009429015