Showing 1 - 10 of 27,810
Persistent link: https://www.econbiz.de/10001626608
Persistent link: https://www.econbiz.de/10001584428
This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...
Persistent link: https://www.econbiz.de/10011473872
Persistent link: https://www.econbiz.de/10001507262
Persistent link: https://www.econbiz.de/10001242756
1970s' United States would not have prevented the Great Inflation. We show that a standard policy counterfactual suggests … that the Bundesbank – which is near-universally credited for sparing West Germany the Great Inflation – would also not have … been able to prevent the Great Inflation in the United States. The sheer implausibility of this result sounds a cautionary …
Persistent link: https://www.econbiz.de/10013153230
Persistent link: https://www.econbiz.de/10000956665
Persistent link: https://www.econbiz.de/10001381944
Persistent link: https://www.econbiz.de/10013425625
Persistent link: https://www.econbiz.de/10001234102