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imported crude oil lead to domestic inflation in Japan has validity. In a model where real GDP growth, money stock growth, and … greater the domestic inflation rate. This impact is exacerbated the greater the percentage of oil consumption that is imported … elevate the domestic inflation rate. Hence, it appears that this foundation of the monetary authority in Japan has validity …
Persistent link: https://www.econbiz.de/10008512540
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10011142122
equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …
Persistent link: https://www.econbiz.de/10005124935
-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10005822071
money growth leads to higher inflation and higher unemployment, so the long-run Phillips curve is not vertical. The optimal …
Persistent link: https://www.econbiz.de/10005822838
We analyze the performance of the Maastricht convergence criteria (inflation, long-term interest rate, annual and … that the speed of the convergence processes for the monetary authority controlled variables (inflation and interest rates …
Persistent link: https://www.econbiz.de/10005823246
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/10005823254
monthly inflation in India in the period 1957-2005, with causation running from inflation to uncertainty about future … inflation, as hypothesized by Friedman. To the extent that inflation uncertainty has negative output effects, this strengthens …
Persistent link: https://www.econbiz.de/10005824040
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
This paper examines the problems in establishing currency convertibility- and the optimal timing- in formerly planned economies making the transition to market-oriented systems.
Persistent link: https://www.econbiz.de/10005824848