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This paper reviews economic developments in Lithuania during 1993–96. Economic growth resumed in 1994 and gained further momentum in 1995; real GDP increased by an estimated 3 percent in 1995. Growth in 1995 was driven by the industrial sector, while agriculture performed poorly. The...
Persistent link: https://www.econbiz.de/10005825020
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10005825770
There is an extensive literature noting that high inflation can add to income inequality, and a parallel literature … assessing the effect of rising food prices on the poor. This paper attempts to combine these strands by dividing inflation into … food and nonfood inflation and assessing whether food inflation affects income inequality differently from nonfood …
Persistent link: https://www.econbiz.de/10011242280
of the two samples: initial income, terms of trade, exchange rate undervaluation and inflation, influence spells only in …
Persistent link: https://www.econbiz.de/10011242395
inflation on income distribution and economic growth. We have found that inflation (1) worsens income distribution; (2 …
Persistent link: https://www.econbiz.de/10009146913
inflation on income distribution and economic growth. We have found that inflation (1) worsens income distribution; (2 …
Persistent link: https://www.econbiz.de/10009207419
-capita income and inflation has been analyzed. It is found that the first policy instrument, i.e. decrease in budget deficit has … affected employment, income distribution and inflation adversely. The second policy instrument of imposition of indirect tax … negatively affected the employment, income distribution, per capita income and positively affected the inflation. The third …
Persistent link: https://www.econbiz.de/10009372518
This paper examines the growth and income distribution effects of inflation in a growing economy with heterogeneous …
Persistent link: https://www.econbiz.de/10008727317
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10010790323
Post Keynesians advocate two distinct approaches to monetary and interest rate policy. The activist approach sees interest rates moved countercyclically to ensure strong growth and low employment. The parking-it approach, however, favors setting real or nominal rates at specific levels and...
Persistent link: https://www.econbiz.de/10010660683