participating countries. This question is especially interesting from an empirical point of view, as output growth and inflation … smallest losses occur if monetary policy takes the lead or if monetary and fiscal authorities cooperate and choose inflation … aims at an inflation rate lower than, but close to 2%. …

which the median voter chooses the inflation rate. I use an environment where individuals face an uninsurable idiosyncratic … labor productivity shock, and money is the only asset. Being an effective tax on savings, inflation acts as a redistribution … mechanism transferring resources from the rich to the poor. I show that the median voter chooses a positive inflation rate as …

-WOODS - 3. THEORIE DER ZIELZONEN - 4. WECHSELKURSSPEKULATION IM KRUGMAN-MODELL - 5. WECHSELKURSSPEKULATION IN ZIELZONEN ALS … analysed:1. INTRODUCTION - 2. THE DISCUSSION ABOUT TARGET ZONES IN THE POST BRETTON WOODS ERA - 3. TARGET ZONE THEORY - 4 …

explaining exchange rate movements. The asset market theory of exchange rate determination implies that exchange rates are mainly … driven by the development of macroeconomic fundamentals. Furthermore the asset market theory assumes that foreign exchange … speculation, economic theory states that speculation can have either a stabilizing effect or a destabilizing effect on exchange …

amount of current financial circulation, net-government, rate of interest and exchange rate to the inflation in Indonesia … Variance DecompositionThe result of this study showed that inflation has contributed to the world oil price, while the … unemployment has been contributed to inflation; the word oil price has contributed to inflation, unemployment and the amount of …