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Zusammenfassung Das vorliegende Papier untersucht die Preiswirkungen und die realen Effekte der Geldpolitik im Rahmen … der Geldpolitik nicht „direkt" ausgelöst, sondern ausschließlich über die Beeinflussung des Output Gaps. Die realen …- Effekte der Geldpolitik sind zudem nur kurzfristiger Natur. Langfristig bestätigt sich die Neutralitätshypothese.  …
Persistent link: https://www.econbiz.de/10014608908
rising food prices on GDP, on measures of inflation, and on welfare, in the model. Findings – Previously neglected evidence … indicates that stagflation (simultaneously rising unemployment and inflation) preceded the OPEC price hike. The model results … deflator measures of inflation. It also highlights a possible similar divergence between GDP and overall welfare.  …
Persistent link: https://www.econbiz.de/10014758949
This case study of fiscal sustainability in Turkey after the crisis in 2001 reviews and extends quantitative approaches to fiscal sustainability analysis and brings them together in a user-friendly tool applicable in a data-sparse environment. It combines a dynamic simulations approach with a...
Persistent link: https://www.econbiz.de/10015360577
At what level should inflation be a concern? From a growth perspective, high and rising levels of inflation as in 2006 …–2008 raise concerns that inflation, if uncontained, could undermine growth. On the other hand, higher levels of inflation could … growth regression for 165 countries over 1960–2007 shows that for developing countries, inflation above 10 percent quickly …
Persistent link: https://www.econbiz.de/10015360651
output growth, price inflation, wage inflation, and real wage growth vary with respect to anticipated and unanticipated … factor in differentiating the expansionary and contractionary effects of fiscal and monetary shocks. Higher price inflation …, larger price deflation, relative to inflation, moderates output contraction, relative to expansion in the face of government …
Persistent link: https://www.econbiz.de/10014863126
consumption in the economy. Moreover, shares provide protection against inflation from monetary shocks, and a suitably chosen … Ökonomie abhängt. Außerdem bietet Aktienhaltung einen Schutz gegen Inflation, und eine geeignet gewählte strukturelle …
Persistent link: https://www.econbiz.de/10014608656
's hyperinflation period. Design/methodology/approach – The paper analyses, against the historical, social and economic backgrounds of … the inflation period, the novels' authors' social and political perspectives as reflected in the novels; the literary … inflation period transactions and underlying economic and social concerns; and the links made between accounting/business, money …
Persistent link: https://www.econbiz.de/10014641189
Purpose – The purpose of this paper is to analyze elements of continuity and change in the administrative history of … discourses. Findings – At the macro level, in the recent past Peru has gone through a process of modernization of the State …
Persistent link: https://www.econbiz.de/10014847743
negative growth effects. Analyzing in detail the case of Peru, the paper explores alternative fiscal rules and frameworks that … the fiscal framework of Peru and shows how they were conductive in creating additional fiscal space. Findings – The … example of the case of Peru is used to explore fiscal institutions and rules that might be useful for other developing …
Persistent link: https://www.econbiz.de/10014864087
/methodology/approach – The paper uses a univariate analysis on the price variables to conduct a comparative analysis on inflation and to examine … the background to the relationship between mean inflation and inflation persistence. Findings – In a descriptive … between monetary policy, inflation and economic performance but also that the institutional contexts provided varying degrees …
Persistent link: https://www.econbiz.de/10014863106