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Da die Zuständigkeit für die Finanzpolitik auch nach der Errichtung des Europäischen Zentralbanksystems bei den nationalen Regierungen verbleibt, ist eine zügige Verminderung der Budgetdefizite, wie sie insbesondere in Griechenland und Italien geboten wäre, nicht gewährleistet. In diesem...
Persistent link: https://www.econbiz.de/10005056316
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reference to developing countries - reviews related economic theories; considers consequences of higher inflation rates in Chile …
Persistent link: https://www.econbiz.de/10010967247
The available evidence in Pakistansuggests that inflation is a monetary phenomena. This paper examines the relationship … between the determinants of inflation and its volatility by using monthly data for 1990:M1-2007:M5. The determinants of … inflation are estimated by a VAR analysis, which shows that inflation, the interest rate and money supply move together. A VAR …
Persistent link: https://www.econbiz.de/10010905764
mises en oeuvre par les banques centrales retenant comme seul objectif le taux d’inflation, est le point de départ pour …
Persistent link: https://www.econbiz.de/10011003763
This paper attempts to examine empirically the dynamic relationship between inflation, growth and interest rate under … has a negative impact on both growth and the size of the informal activities, while inflation does not have a significant … are mostly carried out by the changes in inflation. The causal relation from inflation to interest rate is significantly …
Persistent link: https://www.econbiz.de/10011212874
.S. interest rate and inflation. Employing the Breitung's (2001) rank tests for nonlinear cointegration, we find herein little …
Persistent link: https://www.econbiz.de/10011278839
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We argue that real uncertainty itself causes long-run nominal inflation. Consider an infinite horizon cash … the central bank fixes the nominal rate of interest. We show that the equilibrium long-run rate of inflation is strictly … an explicit formula for the long-run rate of inflation, based on the famous Fisher equation. The Fisher equation says the …
Persistent link: https://www.econbiz.de/10005371116
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