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purpose, based on some potential causes of inflation, an empirical model is contructed upon emphasizing the roles of various … factors on inflationary process. The results obtained support the view of cost-push inflation led by exchange rate … the inflation structure. These all might also be given as evidence to that the cost-push rather than demand-pull factors …
Persistent link: https://www.econbiz.de/10011528368
, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …
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After almost four decades of price stability, inflation has recently approached historical highs. Initially driven by … global energy and food price increases, the magnitude of the surge in inflation caught central banks and markets by surprise … monetary policy tightening, inflation upside risks are large. How can central banks restore control - and with it their own …
Persistent link: https://www.econbiz.de/10014334696
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Using a modified version of the model presented by Belke and Gros (2007), we analyze the stability of adjustment in a currency union. Using econometric estimates for parameter values we check the stability conditions for the 11 original EMU countries and Greece. We found significant instability...
Persistent link: https://www.econbiz.de/10003915319
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