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Inflation-Growth Nexus and Regional Integration in West Africa
Barcola, Makiliwè - 2019
In this paper, we test the existence of an optimal inflation interval within which, the inflation of the west African … countries supports economic growth. Besides this objective, we seek to test the validity of the 5% inflation threshold not to be … inflation thresholds estimated at 8.01% and 15.46%. The positive effect on growth begins when inflation is comprised between the …
Persistent link: https://www.econbiz.de/10012897533
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Seven replies to the critiques of Modern Money Theory
Tymoigne, Éric - 2021
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012795769
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Inflation, Real Economic Growth and Unemployment Expectations : An Empirical Analysis Based on the ECB Survey of Professional Forecasters
Ramos-Herrera, María del Carmen - 2017
Expectations are at the centre of modern macroeconomic theory and policymakers. In this paper, we examine the predictive ability and the consistency properties of macroeconomic expectations using data of the European Central Bank (ECB) Survey of Professional Forecasters (SPF)
Persistent link: https://www.econbiz.de/10012961331
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Trend growth and learning about monetary policy rules in a two-block world economy
Schaling, Eric; Tesfaselassie, Mewael F. - 2013
Available evidence supports the view that growth is faster in more open economies. In order to analyze the implications of openness and growth on determinacy and learnability of worldwide rational expectations equilibria we develop a two-country New Keynesian model with growth. We analyze these...
Persistent link: https://www.econbiz.de/10009696036
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Política monetária, inflação e crescimento econômico: a influência da reputação da autoridade monetária sobre a economia
Montes, Gabriel Caldas - In: Revista Economia e Sociedade 37 (2009) 8, pp. 23-23
Monetary policy, inflation and economic growth: the influence of the monetary authority?s reputation upon the economy … The following paper aims to show that, although a monetary policy, which merely seeks to control inflation through an … interest rate rule (under inflation targeting), may reach such a goal, it will present a worst outcome whether compared to a …
Persistent link: https://www.econbiz.de/10004985694
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Is Increased Money Supply a Solution to Boost Zimbabwe Economic Growth Path?
Bonga, Wellington Garikai - 2015
Efficient business transactions requires both liquid cash and electronic transfers. In developing nations, due to technological challenges and level of awareness of the citizens hard currency is most preferred. The demand for currency, however should not be misinterpreted to mean acceptability...
Persistent link: https://www.econbiz.de/10013011098
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Fiscal Sustainability in Japan
Armstrong, Shiro Patrick - 2016
Japanese government debt is at unprecedented levels with a gross debt to GDP ratio of over 230% and a net debt to GDP ratio of 150%. There are three big challenges to fiscal sustainability: the huge government bonds outstanding; continued budget deficits; and the growing age-related spending....
Persistent link: https://www.econbiz.de/10012989057
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Why Governments Failed to Realize Prosperity and How to Structure a Sound Economic System
Kababji, Maher Diab - 2016
Happiness sums up people's attainments from living. Economics is concerned largely with prosperity as the material contributor to happiness. Prosperity is a relative term rather than an absolute one. Prosperity level can be defined as the feasible material standard of living that an economy can...
Persistent link: https://www.econbiz.de/10012991712
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Output Growth and Monetary Policy Interaction in a Common Monetary Area : Forecasting with VEC Models in Namibia, Lesotho, South Africa and Swaziland, 1981-2004
Khamfula, Yohane - 2014
In this study, we empirically attempt to investigate output growth forecasts as a result of dynamic interplay between money supplies and output growths of Southern African Common Monetary Area (SACMA) countries using Vector Error Correction Models (VECM). In general, the results show that the...
Persistent link: https://www.econbiz.de/10014215457
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The Global Economic Polycrisis and the Korean Economy
Kang, Duyong - 2023
tighter monetary policy as it experiences rampant inflation (in some countries at a 40-year high). As the economy has yet to …
Persistent link: https://www.econbiz.de/10014257291