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What is the probability of high inflation; how high, when? These questions are important to all investors since even … characterizes this as The War On Savers. Higher inflation is possible, at 4% or more, with even worse effects. There are heated … debates about the probability and timing of high inflation, but our review of the extensive literature reveals no reliable way …
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measured by inflation and output growth volatility in developing economies. We adopt the quasi-random controlled experiments …
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This study focuses on examining the relationship between fiscal and debt sustainability indicators in EU Member States, based on the multidimensional approach to estimating and forecasting different time horizons applied by the European Commission. The relationship between fiscal sustainability...
Persistent link: https://www.econbiz.de/10013232586
This paper seeks to identify the largest two shocks that can explain the movement in Canadian GDP for the period 1981Q1 to 2011Q4. I employ a very flexible identification method proposed by Uhlig (2003) that allows us to identify the key shocks from the time series data without imposing any...
Persistent link: https://www.econbiz.de/10012437729
Fiscal multipliers provide a way of quantifying the GDP gain for a given (discretionary) fiscal policy intervention. I compute government consumption multipliers for New Zealand, in normal times and when monetary policy is constrained at the effective lower bound, using an estimated...
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indexation lag, the term structure of expected inflation, and inflation swap rates. The model parameters are estimated using data … term structures are driven by state variables that include the short term real interest rate, expected inflation, a factor … that models the changing level to which inflation is expected to revert, as well as four volatility factors that follow …
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