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within a transaction and of the inflation control. Furthermore it allows the microeconomic description of the mechanism of … inflation. Whereas payoff is anticipated according to a marketing process, value is created integrating organizational and …
Persistent link: https://www.econbiz.de/10014111374
capacity in 2007–08, leading to accelerating inflation. The demand expansion, fed by fiscal and income policies and a capital …-inflow driven surge in money and credit growth, in combination with rising food and energy prices, gradually lifted CPI inflation to …
Persistent link: https://www.econbiz.de/10011245130
system development, sovereign debt vulnerabilities, and ways to sustain progress in reducing inflation by strengthening the …
Persistent link: https://www.econbiz.de/10005590924
that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it … that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it … straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt …
Persistent link: https://www.econbiz.de/10011373058
This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both … over the 1965-2010 period, we find significant negative long-run effects of public debt and inflation on growth. Our … results indicate that, if the debt to GDP ratio is raised and this increase turns out to be permanent, then it will have …
Persistent link: https://www.econbiz.de/10010212372
A model of growth with endogenous innovation and distortionary taxes is presented. Since innovation is the only source of volatility, any variable that influences innovation directly affects volatility and growth. This joint endogeneity is illustrated by working out the effects through which...
Persistent link: https://www.econbiz.de/10014204793
This article analyses the frequency components of European business cycles using real GDP by employing multiresolution decomposition (MRD) with the use of maximal overlap discrete wavelet transforms (MODWT). Static wavelet variance and correlation analysis is performed, and phasing is studied...
Persistent link: https://www.econbiz.de/10012734874
The mathematical literature has developed a large pool of topological concepts and theorems for dynamic systems analysis. The aim of our paper is to make a first step towards the application of these concepts and theorems in the analysis of (long-run) structural change (in the three-sector...
Persistent link: https://www.econbiz.de/10012944048
This paper extends the Lucas (1978) model of firm formation by taking into account a normalised CES function in the production process. In a general equilibrium framework it is proved that there is an inverse relation between the value of the elasticity of substitution and average firm size....
Persistent link: https://www.econbiz.de/10012968104
inflation are identified in the exchange mechanisms. Growth sustainability is built step by step taking into account functional …
Persistent link: https://www.econbiz.de/10012851670