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Consumer inflation expectations in Poland

£yziak, Tomasz - 2003

Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those …

Persistent link: https://www.econbiz.de/10009635882

Kibritçioğlu, Aykut; Rittenberg, Libby; Selçuk, Faruk; … - 2002

Based on its outward-oriented development strategy, respectable growth, increased integration into world trade and financial markets, and imperfect though vibrant and wide-based democracy, Turkey is often cited as a development model for other countries in the region and elsewhere. Countering...

Persistent link: https://www.econbiz.de/10010513258

On the (in-)stability and the endogeneity of the "normal" rate of capacity utilisation in a post-Keynesian/Kaleckian "monetary" distribution and growth model

Hein, Eckhard - 2006

In Kaleckian models of distribution and growth the equilibrium rate of capacity utilisation may persistently diverge from the "normal rate" of utilisation. We assess this problem following the approach by Dumenil/Levy (1999) who consider the "normal rate" of utilisation in a monetary production...

Persistent link: https://www.econbiz.de/10003744529

Can opacity of a credible central bank explain excessive inflation?

Baeriswyl, Romain; Cornand, Camille - 2007 - First version: January 2006 - This version: December 2006

Excessive inflation is usually attributed to the lack of central bank's credibility. In this context, most of the … literature considers transparency a means to establish central bank's credibility. The contribution of this paper is twofold …. First, it shows that, even in the absence of inflationary bias, a credible central bank may find it optimal to implement an …