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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
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
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
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
Correlations of inflation with the growth rate of money increase when data are averaged over longer time periods …. Correlations of inflation with the growth of money also are higher when high-inflation as well as low-inflation countries are … included in the analysis. We show that serial correlation in the underlying inflation rate ties these two observations together …
Persistent link: https://www.econbiz.de/10010292328
financed by money creation and to destabilizing expectations dynamics that can occasionally divorce inflation from fundamentals …. Our maximum likelihood estimates allow us to interpret observed inflation rates in terms of variations in the deficits … that cut inflation without reforming deficits. Our estimates also allow us to infer the deficit adjustments that seem to …
Persistent link: https://www.econbiz.de/10010292362
This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …
Persistent link: https://www.econbiz.de/10010293489
economy. Romer and Romer (2000) found that the Fed reveals information about inflation when it tightens monetary policy. Their … exclude the Fed's revelation of its asymmetric information about future inflation. …
Persistent link: https://www.econbiz.de/10010293721
We verify whether cocoa prices could be a source of inflation in five countries of the West African region within a … remittances enables us to examine the effect of an international capital flow variable on inflation. The results reveal that the … influence of cocoa prices on consumer price inflation is strong and statistically significant. The influence of the budget …
Persistent link: https://www.econbiz.de/10010294008
This paper studies the importance of money for inflation in the euro area. An inflation equation is derived from a … small model that combines the supply and demand for money with a Phillips curve and the assumption that inflation … expectations develop adaptively. The model's solution attributes an impact on inflation not to actual money growth but to its core …
Persistent link: https://www.econbiz.de/10010295663