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einer Dominanz der Geldpolitik als Angebotsschock erklärt werden. Zu einem großen Teil bleibt die identifizierte …
Persistent link: https://www.econbiz.de/10009433722
devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …-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 …
Persistent link: https://www.econbiz.de/10009482289
Drives Inflation. Chapter IV introduces a second model of a corrupt central banker, one who sells inside information … general seems to increase the inflation rate. My model of the corrupt central banker provides a new explanation of this effect …, that is, that corruption leads to a higher rate of inflation and/or higher seigniorage, will be tested for a cross …
Persistent link: https://www.econbiz.de/10009484798
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 …
Persistent link: https://www.econbiz.de/10009464526
This Research Titled "Analysis of the Relationship Between Inflation And GDP Against the unemployment rate in Indonesia … variables. To see how large the effect of inflation is calculated from the Inflation Rate of Cities in Indonesia which is … - Views 5.1. The results of estimation by the method of multiple linear regression showed that a number of other related …
Persistent link: https://www.econbiz.de/10009464541
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
poor more than the economic growth that accompanies inflation, simply because inflation reduces purchasing power. …
Persistent link: https://www.econbiz.de/10009481914
reallocations and plant-level technical efficiency changes while allowing in the estimation for 459 different production …
Persistent link: https://www.econbiz.de/10009429432
equilibrium to achieve a simple, linear model, that only depends on inflation, the output gap, and the interest rate, in the case … inflation dynamics is crucial. Because of the controversial debate on the importance of expectations, the consequences of … central banks should react stronger to changes in inflation and output under uncertainty. Furthermore, it is shown that …
Persistent link: https://www.econbiz.de/10009449715
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