A fully inflation-indexed economy stabilizes economic inter-temporal relationships and offers a set of potential benefits: hedging the economy against inflation; improving the performance of the financial system; helping to lessen the most common housing and economic recessions of developed...

Fiscal policy choices have a particularly significant impact on economic performance in oil-exporting countries, owing to the importance of the oil sector in the economy and the fact that in most countries oil revenues accrue to the government. At the same time, fiscal policy in oil-centered...

This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...

Die seit der Finanzkrise massiv steigende Staatsverschuldung hat die Inflationssorgen vieler Anleger erhöht. Karsten Junius und Kristian Tödtman, DekaBank, zeigen in diesem Artikel, über welche Effekte höhere Inflationsraten zu niedrigeren Staatsschuldenquoten beitragen können. Dazu...

This paper presents a theoretical model with micro-foundations that captures some important features of Pakistan‘s economy which have emerged in sixty-four years of its history. A comparison of Pakistan‘s economic performance during different regimes shows that macroeconomic fundamentals...

This paper analyses the impact of transmission of international oil prices and domestic oil price pass-through policy on major macroeconomic variables in India with the help of a macroeconomic policy simulation model. Three major channels of transmission viz. import channel, price channel and...

Die seit der Finanzkrise massiv steigende Staatsverschuldung hat die Inflationssorgen vieler Anleger erhöht. Karsten Junius und Kristian Tödtman, DekaBank, zeigen in diesem Artikel, über welche Effekte höhere Inflationsraten zu niedrigeren Staatsschuldenquoten beitragen können. Dazu...

The study analyzes the relationship among domestic debt-inflation-domestic debt cost-external debt-external dependency-crisis in the Ottoman Empire and in the Republic of Turkey. The study discusses that the monetary based explanations have not been satisfactory for the period of 1830-2005...

From 1970 to 1985, Israel experienced high inflation. It rose in three jumps to new plateaus and eventually exceeded 400% per annum. This paper claims that anticipated monetary and fiscal effects of a massive government bailout of owners of fallen bank shares caused the last big jump in...

This paper analyses the dynamics of economic growth when the government deficit is money financed. Our model specifies capital formation as resulting from internally generated non-traded investment expenditure. The central innovation of this paper is the specification of the long run equilibrium...