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The current paper investigates the role of fiscal and monetary policies on inflation in Sudan for the period (1970 … expenditure on inflation. It has adopted a descriptive and analytical method to achieve the goal. In particular, it has relied on … influencing inflation in Sudan. While exchange rate and government expenditure are found to be with no effect on inflation rate …
Persistent link: https://www.econbiz.de/10013011608
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short-run and long-run inflation expectations. The estimated model allows us to analyze the direct and indirect effects of … product-market and labor-market shocks on prices and nominal wages and to quantify the sources of U.S. pandemic-era inflation … and wage growth. We find that, contrary to early concerns that inflation would be spurred by overheated labor markets …
Persistent link: https://www.econbiz.de/10014322804
the central bank is to stabilize inflation. On the other hand, if the shift arises from an increase in the elasticity of … employment matches with respect to vacancies, then the policy maker faces a trade off between stabilizing inflation and … unemployment. The optimal policy response to the efficient labor market shock changes when real wages are sticky but remains …
Persistent link: https://www.econbiz.de/10009721790
This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long- run effects on the … Beveridge curves. Skill-specific labour market heterogeneity leads to a attening of the Phillips curve as wages and unemployment …
Persistent link: https://www.econbiz.de/10012880717
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...
Persistent link: https://www.econbiz.de/10010790482
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
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