This paper applies ARDL and Nonlinear ARDL models to long-term inflation targeting policy mechanisms in the United States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations in the two countries, as well as the difference of this impact before and after...

Gesellschaften rund um den Globus sind derzeit mit Preissteigerungen konfrontiert, die über lange Zeit nicht zu verzeichnen waren. Diese sind ökonomische Auswirkungen der Corona-Pandemie - vor allem der gestörten Produktionsprozesse. Hinzu kommen die erheblichen Verteuerungen von Energie und...

This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest rates and low inflation, and when ensuing...

Inflation, and its deleterious effects on economies, has for long been the worry of governments especially among developing countries including Ghana. Several studies on the Ghanaian economy, have concluded that inflation in Ghana is purely a monetary phenomenon though in reality, the causes of...

In this paper, we examine the trends in the CPI and the core part of the CPI to bring out a grievous error in the core CPI. The core in certain years shows a jump of as much as 7% in certain quarters due to the error in the way the rent prices are computed. During the periods following the Pay...

Gesellschaften rund um den Globus sind derzeit mit Preissteigerungen konfrontiert, die über lange Zeit nicht zu verzeichnen waren. Diese sind ökonomische Auswirkungen der Corona-Pandemie - vor allem der gestörten Produktionsprozesse. Hinzu kommen die erheblichen Verteuerungen von Energie und...

Weltweit sind die Volkswirtschaften mit hohen Preissteigerungen konfrontiert. Unter anderem beeinflusst die Inflation den Staatshaushalt sowie die Tragfähigkeit der öffentlichen Schulden. Wie und in welchem Ausmaß wird die Staatsschuldenquote durch die höhere Inflationsrate beeinflusst? Es...

We study equilibria in a heterogeneous-agent incomplete-market economy with nominal government debt and flexible prices. Unlike in representative agent economies, steady-state equilibria exist when the government runs persistent deficits, provided that the level of deficits is not too large. In...

The authors review the challenges that the Romanian economy and society had to face in the European and global geoeconomic context. Starting from the perspectives advanced by the international economic fora, the risks the European economy will have to answer through counteracting and general...

In November 2012, RF Minister of Defense Anatoly Serdiukov, accused of abetting corruption in his ministry, was sacked from office; former Deputy Minister of Regional Development was arrested; criminal proceedings against the managers of Rostelekom and the former top officials of the RF Ministry of...