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What explains the cross-national variation in inflation rates in developed countries? Previous literature has … matters for inflation: the share of the population above 65 years old in a country. I argue that countries with a larger share … of elderly have lower inflation because older people are both more inflation averse and politically powerful, forcing …
Persistent link: https://www.econbiz.de/10015070648
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10010314657
inflation is statistically expressed. Therefore, in considerations of the basic factors of increase in the general price level … research is to peruse the effect of the characteristics of the food market in Serbia on the inflation rate. High volatility of … inflation rate, the indirect state control is very important so as to maintain price stability. Special importance is attached …
Persistent link: https://www.econbiz.de/10012217808
This paper seeks to identify what worked and what didn't work to stop inflation in Argentina in the last seventy years …
Persistent link: https://www.econbiz.de/10011810926
In a new Keynesian model with random search in the labor market, endogenous selection among heterogeneous workers amplifies fluctuations in unemployment and results in excess unemployment volatility relative to the efficient allocation. Recessions disproportionately affect lowproductivity...
Persistent link: https://www.econbiz.de/10012659972
to the share of the term in office elapsed, political and regime instability, the occurrence of elections, and inflation … independence. This is confirmed in models for cross-section inflation in which TOR becomes insignificant once its endogeneity is …
Persistent link: https://www.econbiz.de/10010277741
This study evaluates the role market competition plays in determining inflation based on sector-level data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …
Persistent link: https://www.econbiz.de/10010280812
import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …
Persistent link: https://www.econbiz.de/10010281451
economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on … choice of the sample period is of crucial importance. While in the very long run we find unemployment, inflation and the …
Persistent link: https://www.econbiz.de/10010281454
asymmetry of sectoral relative-price changes and the aggregate inflation rate. This correlation is widely interpreted as … evidence that short-run inflation is determined by supply-side factors; however, we study whether, in addition to the inflation …, that the positive and significant effect of relative-price change asymmetries on inflation is not robust with respect to …
Persistent link: https://www.econbiz.de/10010281467