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occurred less than six months after the attainment of single-digit inflation, which was supposed to launch the economy onto a …
Persistent link: https://www.econbiz.de/10008837650
The main contribution of this paper is to jointly estimate the effects of financial development and inflation on growth …. We aim to exploit both the cross-section and the time-series dimension of the data on inflation, growth and some banking …, that the long-run costs of inflation are not explained by policies of financial repression, and second, that if inflation …
Persistent link: https://www.econbiz.de/10005474554
People are concerned about maintaining purchasing power in times of rising inflation. We formulate investment … the assumption that inflation rates are mean-reverting. We consider alternative specifications for the inflation … added value of inflation-indexed bonds for the investor in our real framework. …
Persistent link: https://www.econbiz.de/10005474880
Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In this process, little attention was paid to the potential spillover of excess...
Persistent link: https://www.econbiz.de/10010790278
Persistent link: https://www.econbiz.de/10010790472
Persistent link: https://www.econbiz.de/10004992964
Persistent link: https://www.econbiz.de/10005664259
The main contribution of this paper is to jointly estimate the effects of financial development and inflation on growth …. We aim to exploit both the cross-section and the time-series dimension of the data on inflation, growth and some banking …, that the long-run costs of inflation are not explained by policies of financial repression, and second, that if inflation …
Persistent link: https://www.econbiz.de/10005590692
This Occasional Paper provides an overview of the main challenges facing Hong Kong SAR as it continues to become more closely integrated with the mainland of China. Section I provides an overview of recent macroeconomic developments and the main policy issues in Hong Kong SAR. Section II...
Persistent link: https://www.econbiz.de/10005590857
This paper presents the primary institutions and economic policies that have led to Chile’s remarkable record of stability and growth over the past twenty years. The core of this policy stance is the combination of fiscal discipline and an open trade policy regime, together with carefully...
Persistent link: https://www.econbiz.de/10005767351