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China’s post-COVID economies on emerging and transitioning economies, and the resurgence of inflation. This edition includes … the effects of macro policies on variables such as inflation, output, employment and interest rates, will also find the …
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strongly than in the rational model after an inflationary supply shock to fully stabilize inflation. While fully stabilizing … inflation keeps output at potential, higher real interest rates mainly benefit wealthy households and increase the cost of …
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operate at the level of full employment without provoking unmanageable inflation. They also contend that budget deficits do …pt. I. Introduction -- pt. II. Functional finance : the background -- pt. III. Assessing the inflation barrier -- pt …
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