Showing 1 - 10 of 6,755
models (autoregressive with mean reversion and jumps) of the behavior of bank deposits and of the rate of inflation … inflation indexed claims than from nominal claims (and would therefore apply a greater premium for that risk, according to a … low use of indexation. The extent of the risk and the fact that the sign of the gap is the same across banks does not …
Persistent link: https://www.econbiz.de/10010849647
models (autoregressive with mean reversion and jumps) of the behavior of bank deposits and of the rate of inflation … inflation indexed claims than from nominal claims (and would therefore apply a greater premium for that risk, according to a … low use of indexation. The extent of the risk and the fact that the sign of the gap is the same across banks does not …
Persistent link: https://www.econbiz.de/10010552021
This paper consolidates previous work on the development of secondary markets for government securities, and focuses on the sequencing of measures necessary for their development. Six main lessons are identified: (i) a commitment to achieving and maintaining a stable macroeconomic environment,...
Persistent link: https://www.econbiz.de/10005826193
The impact of inflation on taxpayers’ liabilities can be measured in at least two different and often contrasting …-tax income distribution. Much of the controversy regarding indexation has revolved around the issue of stabilization. Some have … argued that indexation poses real dangers to stability while others have pointed to its positive potential. The author looks …
Persistent link: https://www.econbiz.de/10011159080
The impact of inflation on taxpayers’ liabilities can be measured in at least two different and often contrasting …-tax income distribution. Much of the controversy regarding indexation has revolved around the issue of stabilization. Some have … argued that indexation poses real dangers to stability while others have pointed to its positive potential. The author looks …
Persistent link: https://www.econbiz.de/10011159112
Persistent link: https://www.econbiz.de/10009018388
relation to the euro area can so far be attributed to the Belgian indexation mechanism. The acceleration in inflation is in …The particularly rapid acceleration in inflation in Belgium and the fact that it is currently outpacing inflation in … the euro area has, in some circles, raised questions as to the role of the indexation mechanism. A first question which …
Persistent link: https://www.econbiz.de/10009366015
In a monetary union, divergences of inflation rates between the participating countries have direct repercussions on … their price and cost competitiveness. Bearing this in mind, the article examines the implications of inflation differentials … question is in the affirmative, the last part analyses the inflation gap with these same countries. Although broadly in line …
Persistent link: https://www.econbiz.de/10009357701
flexible indexation should try to ensure (1) that inflation affects the formulation of wage policy as little as possible and (2 … a system of flexible wages indexation - examines the influence of cola and income tax on real wages, and stipulates that …) that the indexation agreement does not distort the wage structure system. References. …
Persistent link: https://www.econbiz.de/10010690096
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