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depress growth. There are other arguments related to more immediate effects of debt on inflation and national solvency …
Persistent link: https://www.econbiz.de/10010333044
In this study, the analysis was that the capacity of creating inflation depends on oil prices as the one of energy … countries because it is acquired from the limited sources around the world. It causes inflation of importing countries to … exporting countries through oil prices. At the same time, the rises of oil prices causes inflation because it increases the …
Persistent link: https://www.econbiz.de/10010352635
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....
Persistent link: https://www.econbiz.de/10011859175
This paper surveys the existing literature on the relationship between inflation and economic growth in developed and … developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on … overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However …
Persistent link: https://www.econbiz.de/10011922458
Maintaining a low rate of inflation and sustainable economic growth are at the core of monetary policymaking. Price … inflation is necessary to maintain stability in the financial sector as well as to boost investment activities. Motivated by the … largely-discussed relationship between inflation and output, this paper examines this relationship for the economy of Suriname …
Persistent link: https://www.econbiz.de/10012194832
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10013270942
This study revisited the traditional money supply - inflation nexus, presented in Fisher's equation, but relaxed its …) Model, and concluded that, while money supply has positive and statistically significant impact on inflation during periods …
Persistent link: https://www.econbiz.de/10013362913
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012818360
Japan's "two lost decades" perhaps represent an extreme example of a weak recovery from a financial crisis, and are now referred to as "Japanization." More recently, widespread stagnation in advanced economies in the wake of the global financial crisis led to fears that Japanization might spread...
Persistent link: https://www.econbiz.de/10010397215
The study examines the effect of military expenditure on output in Nigeria both in the short-run and in the long-run period. In addition, it verified whether military expenditure is an economically non-contributive activity using ARDL bounds testing approach to co-integration. Results showed...
Persistent link: https://www.econbiz.de/10010491492