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shocks on inflation in Fiji. How the domestic inflation in a pegged exchange rate system is aligned with international price … also shows that due to the exchange rate depreciation, inflation has increased for many years in Fiji. The policy …
Persistent link: https://www.econbiz.de/10011212985
The paper develops a short-run model of a small open financially repressed economy characterized by unorganized money markets, intermediate good imports, capital mobility and flexible exchange rates. The analysis shows that financial liberalization, in the form of increased rate of interest on...
Persistent link: https://www.econbiz.de/10005773168
convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal …
Persistent link: https://www.econbiz.de/10005773210
convertibility. The analysis shows that the effect of financial liberalization on rate of inflation and the movements of the nominal …
Persistent link: https://www.econbiz.de/10005168551
reducing inflation is a priority. The pre-requisite for such a policy, however, requires the establishment of a flexible …
Persistent link: https://www.econbiz.de/10005746100
variable for Swedish inflation than the output gap. However, standard errors in the estimations are large and it is in fact … difficult to pin down a statistically significant relationship between either real marginal cost or the output gap and inflation. …
Persistent link: https://www.econbiz.de/10005649071
Seit dem Jahr 2010 veröffentlicht das Statistische Amt der Europäischen Gemeinschaften spezielle Indizes für die Entwicklung administrierter Preise im Euro-Währungsgebiet. Sie umfassen Produkte, deren Preise staatlicher Einflussnahme unterliegen. Der vorliegende Beitrag präsentiert Methodik...
Persistent link: https://www.econbiz.de/10010662622
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be …
Persistent link: https://www.econbiz.de/10008520206
, in respect to desirability or sustainability of available exchange rate regimes and inflation targeting framework and …, majority of transition countries recognised superiority of inflation targeting over alternative monetary concepts. However …- inflation targeting. In what follows, the article counters another theoretical dogma: that inflation targeting in emerging …
Persistent link: https://www.econbiz.de/10010969052
In this paper we analyse to what extent the Nordic economies are vulnerable to external shocks. Specifi cally, we assess the conventional wisdom that the Nordic countries are small open economies that are sig nificantly engaged in international trade, specialised in only few specific industries...
Persistent link: https://www.econbiz.de/10010987115