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for understanding the modern economy. The focus of this volume is the money prices of commodities. In light of the failure … approaches are manifest in their inability to explain the changes in the relative prices of commodities, taking place in the … Marx’s explanation is that prices are set by producers prior to putting their commodities into the process of circulation …
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The Flexible System of Global Models (FSGM) is a group of models developed by the Economic Modeling Division of the IMF for policy analysis. A typical module of FSGM is a multi-region, forward-looking semi-structural global model consisting of 24 regions. Using the three core modules focused on...
Persistent link: https://www.econbiz.de/10011242191
This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's findings are two. First, although the official inflation target range is 3.6 percent, in...
Persistent link: https://www.econbiz.de/10010790261
external demand and commodities prices, by the widespread support of economic policies (albeit gradually with less intensity …
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Asset prices are a valuable source of information about financial market participants.expectations about key … macroeconomic variables. However, the presence of time-varying risk premia requires an adjustment of market prices to obtain the …
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macroeconomic outcomes. We then turn to asset-market-based measures of risk uncertainty for equity prices, interest rates …, currencies, oil prices, and inflation …
Persistent link: https://www.econbiz.de/10011780277