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Wage trends and deflation risks in Germany and Europe
Truger, Achim; Schulten, Thorsten; Hein, Eckhard - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2004
Based on a post-Keynesian model of the relationship between wages, prices and employment, this paper begins by studying the extent to which unit labour cost trends have been responsible for disinflation and deflationary tendencies in Germany and Europe. Thereafter, the reasons for the...
Persistent link: https://www.econbiz.de/10009327960
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In Defense of the Euro: Austrian School Approach (comment)
A. Rakviashvili. - In: VOPROSY ECONOMIKI 3 (2013)
The article critically analyzes theoretical arguments in favor of gold standard, the euro and fixed exchange rates that were set out in the article of H. Huerta de Soto ‘In Defense of the Euro: Austrian School Approach’ (Voprosy Ekonomiki. 2012. No 11). Monetary systems alternative to the...
Persistent link: https://www.econbiz.de/10010860852
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Beyond current policy frameworks
Goodhart, Charles A E - Bank for International Settlements (BIS) - 2005
On 18-19 June 2004, the BIS held a conference on "Understanding Low Inflation and Deflation". This event brought …
Persistent link: https://www.econbiz.de/10005063339
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Life Insurance: The Other Dimension to Japan's Financial Crisis
Lacu, Cyrille - In: La Lettre du CEPII (2000) 196
Persistent link: https://www.econbiz.de/10005100172
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A ‘Second-Best’ Rationale to Deflationary Monetary Policy in Japan
Cargill, Thomas F.; Guerrero, Federico - Economics Department, University of Nevada-Reno; … - 2006
The Bank of Japan permitted a ten-year period of deflation (1995-2005) which appears to have ended in 2006. The … deflation, as well as the preceding disinflation, adversely affected the financial and real sectors of the economy that in turn … offered to account for the deflation period. This paper offers a second-best explanation based on a two-player policy game …
Persistent link: https://www.econbiz.de/10005426906
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Inflation targeting and the anchoring of inflation expectations: cross-country evidence from consensus forecasts
Davis, Jonathan Scott; Presno, Ignacio - Federal Reserve Bank of Dallas - 2014
Using survey data of inflation expectations across a 36 developed and developing countries, this paper examines whether the adoption of inflation targeting has helped to anchor inflation expectations. We examine the response of inflation expectations following a shock to inflation, inflation...
Persistent link: https://www.econbiz.de/10010772603
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Should we be Afraid of Friedman's Rule?
Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 2000
Persistent link: https://www.econbiz.de/10011092640
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Should we be afraid of Friedman's rule?
Uhlig, Harald - EconWPA - 2000
should be common or that a policy close to the Friedman rule and thus some deflation is optimal. Finally, a formal ``baby …
Persistent link: https://www.econbiz.de/10005561156
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Union Power and Australia’s inflation Barrier, 1965:4 to 2004:3
McDonald, Ian; Lye, Jenny - In: Australian Journal of Labour Economics (AJLE) 9 (2006) 3, pp. 287-304
This paper considers the view that trade union power played a major role in the deterioration of macroeconomic performance in Australia in the 1970s and that the subsequent decrease in trade union power has improved Australia’s macroeconomic possibilities. Using the model of a range of...
Persistent link: https://www.econbiz.de/10008565267
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Should We be Afraid of Friedman's Rule?
Uhlig, Harald - C.E.P.R. Discussion Papers - 2000
should be common or that a policy close to the Friedman rule and thus some deflation is optimal. Finally, a formal ‘baby …
Persistent link: https://www.econbiz.de/10005788876