Narrow search
Showing 1 - 10 of 161
Cover Image
Real Wages and the 'Malthusian Problem' in Antwerp and South-Eastern England, 1400 - 1700: A regional comparison of levels and trends in real wages
Munro, John H. - University of Toronto, Department of Economics - 2006
In a path-breaking but largely overlooked study, published in a festchrift thirty years ago (1975), Herman Van der Wee provided a comparison of prices and real wages of building craftsmen in the regions of Antwerp and south-eastern England, from 1400 to 1700. To do so, he constructed a composite...
Persistent link: https://www.econbiz.de/10005704755
Cover Image
Has core inflation been doing a good job in Brazil?
Silva Filho, Tito Nícias Teixeira Da; Figueiredo, … - Volkswirtschaftliche Fakultät, … - 2009
This paper assesses the performance of the core inflation measures calculated by the Brazilian Central Bank (BCB). The evidence shows that they do not meet some key statistical criteria that a good core inflation should have: unbiasedness and the ability to forecast inflation. That performance...
Persistent link: https://www.econbiz.de/10008574264
Cover Image
US Volatility Cycles of Output and Inflation, 1919-2004: A Money and Banking Approach to a Puzzle
Benk, Szilárd; Gillman, Max; Kejak, Michal - Economics Section, Cardiff Business School - 2008
micro-based banking production, enables a contrasting characterization of the two great volatility cycles over the … historical period of 1919-2004, and enables this puzzle to be addressed more easily. The volatility divergence is explained by … the upswing in the credit volatility that kept money supply variability from translating into inflation and GDP volatility. …
Persistent link: https://www.econbiz.de/10005212003
Cover Image
The inflation-output nexus:empirical evidence from India, Brazil and South Africa
Narayan, Paresh Kumar; Narayan, Seema - Deakin University, Faculty of Business and Law, School … - 2011
volatility raises inflation; (2) the Friedman hypothesis that inflation raises inflation volatility; and (3) the Black hypothesis … that output volatility raises output growth, and that output volatility reduces inflation. For Brazil, we do not find any …
Persistent link: https://www.econbiz.de/10009274392
Cover Image
Inflation as a function of labor force change rate: cointegration test for the USA
Kitov, Ivan; Kitov, Oleg; Dolinskaya, Svetlana - Volkswirtschaftliche Fakultät, … - 2007
obtained for the USA is characterized by A1=4.0, A2=-0.03075, and t1=2 years. It provides a root mean square forecasting error …
Persistent link: https://www.econbiz.de/10005836346
Cover Image
A Reply to Steven Horwitz's Commentary on "Great Expectations and the End of the Depression"
Eggertsson, Gauti B. - In: Econ Journal Watch 7 (2010) 3, pp. 197-204
This note responds to some issues raised by Steven Horwitz’s (EJW, September 2009) commentary on my article “Great Expectations and the End of the Depression”(AER, September 2008).
Persistent link: https://www.econbiz.de/10008492693
Cover Image
Navigating constraints: the evolution of Federal Reserve monetary policy, 1935-59
Wheelock, David; Carlson, Mark A. - Federal Reserve Bank of St. Louis - 2014
The 1950s are often pointed to as a decade in which the Federal Reserve operated a particularly successful monetary policy. The present paper examines the evolution of Federal Reserve monetary policy from the mid-1930s through the 1950s in an effort to understand better the apparent success of...
Persistent link: https://www.econbiz.de/10010784192
Cover Image
Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935-59
Carlson, Mark A.; Wheelock, David C. - Federal Reserve Board (Board of Governors of the … - 2014
The 1950s are often pointed to as a decade in which the Federal Reserve operated a particularly successful monetary policy. The present paper examines the evolution of Federal Reserve monetary policy from the mid-1930s through the 1950s in an effort to understand better the apparent success of...
Persistent link: https://www.econbiz.de/10010787050
Cover Image
Recurrent Price Index Problems and Some Early German Papers on Index Numbers
Lippe, Peter von der - In: Journal of Economics and Statistics (Jahrbuecher fuer … 233 (2013) 3, pp. 336-366
With Laspeyres, Paasche and other authors such as Drobisch and Lehr, Germany made quite a promising start in index theory in the last decades of the 19th century. However, it soon lost ground after this period, which is described in this paper. The focus is not on biographies but on...
Persistent link: https://www.econbiz.de/10010907922
Cover Image
Output Growth and Inflation across Space and Time
Diewert, W. Erwin; Fox, Kevin J. - School of Economics, UNSW Business School - 2015
It is common for comparisons to be made of output growth and inflation across groups of countries, yet such comparisons can result in inconsistencies. We address two problems: (i) how to measure aggregate real output and inflation for groups of countries and (ii) how to construct measures of...
Persistent link: https://www.econbiz.de/10011261244