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devaluation of the US mechanical rate against inflation since the Copyright Act of 1976. As Congress and the CARP Tribunal are … ultimately involved in setting terms, the implication is that songwriters and their publishers are losing power in the USA … against the record labels. For a variety of reasons, the phenomenon seems to be particular to the USA. It has also gone …
Persistent link: https://www.econbiz.de/10009352593
determinant in the go through channel affecting the prices of final goods and services and inflation in the USA. I test several …The paper analyses the impact of the labour costs and import costs on the prices of final goods in the USA during the … goods in last 50 years in the USA. …
Persistent link: https://www.econbiz.de/10010816774
framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …
Persistent link: https://www.econbiz.de/10005789620
protection against inflation, that is, whether they deliver positive real returns over a given holding period. …
Persistent link: https://www.econbiz.de/10005779582
emerged from great inflation and output instability into a period of remarkably low inflation associated with a great …
Persistent link: https://www.econbiz.de/10005170137
The third issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards contains six articles that deal with a wide range of issues in the productivity area. Topics covered are the contribution of the information and communications technology sector to...
Persistent link: https://www.econbiz.de/10005650233
Transaction-price residential (house) and commercial property price indexes (RPPIs and CPPIs) have inherent problems of sparse data on heterogeneous properties, more so CPPIs. In an attempt to control for heterogeneity, (repeat-sales and hedonic) panel data regression frameworks are typically...
Persistent link: https://www.econbiz.de/10010790330
Notwithstanding persistently-high unemployment following the Great Recession, inflation in the United States has been … remarkably stable. We find that a traditional Phillips curve describes the behavior of inflation reasonably well since the 1960s … observed stability of inflation: inflation expectations have become better anchored and to a lower level; the slope of the …
Persistent link: https://www.econbiz.de/10010790401
This paper evaluates the strength of the balance sheet channel in the U.S. monetary policy transmission mechanism over the past three decades. Using a Factor-Augmented Vector Autoregression model on an expanded data set, including sectoral balance sheet variables, we show that the balance sheets...
Persistent link: https://www.econbiz.de/10010790431
This paper assesses the dynamics of the term structure of interest rates in the United States in light of the financial crisis in 2007-10. In particular, this paper assesses the dynamics of the term structure of U.S. Treasury security yields in light of economic and financial events and the...
Persistent link: https://www.econbiz.de/10009019574