Showing 1 - 10 of 790
-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
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
This paper uses a structural vector-autoregression approach to discuss the cyclicality of fiscal and monetary policy in South Africa since 1994. There is substantial South African literature on this topic, but much disagreement remains. Though not undisputed, there is growing consensus that...
Persistent link: https://www.econbiz.de/10009480486
Event: Presentation of the Annual Report 2021. Organized by: Banco de España
Persistent link: https://www.econbiz.de/10013205927
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
Boards durch die Rückgewinnung der Glaubwürdigkeit in Zeiten von Hyperinflation und ökonomischer Transformation und die …-Board-Systeme das Zeitinkonsistenzproblem der Geldpolitik lösen, da aufgrund ihrer gesetzlichen Verankerung eine überraschende … Zeitinkonsistenz­problem der Geldpolitik dominant ist, und dies obwohl asymmetrische Schocks nicht stabilisiert werden können. Eine …
Persistent link: https://www.econbiz.de/10009476166
, inflation, interest rates, exchange rates and international trade. The course is divided into five parts: The first presents the …
Persistent link: https://www.econbiz.de/10009433297
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
Persistent link: https://www.econbiz.de/10010353183
del shock inflacionario. ; This paper analyses the distributional impact of high consumer inflation in the euro area and … (HBS) – to quantify the distributional impact of inflation, income support measures and measures aimed at containing prices …. The analysis confirms that purchasing power and welfare were more severely affected by the 2022 inflation surge among …
Persistent link: https://www.econbiz.de/10014573613