Showing 1 - 10 of 9,349
experienced very high inflation or hyperinflation, which had originated in the perestroika period and following the dissolution of … the ruble area. After the introduction of new currencies and stabilization programs in the mid-1990s, inflation moderated …
Persistent link: https://www.econbiz.de/10013063899
This paper investigates the monetary transmission mechanism in the Republic of Macedonia to better inform monetary policy, which is currently dedicated to price stability. We analyse long-run equilibrium relationships, adjustment mechanisms and short-run influences between the price level,...
Persistent link: https://www.econbiz.de/10014050269
The purpose of this paper is to present the role of the exchange rate stability in a small and open economy, where the case of the Republic of Macedonia is investigated. Also, an accent is given to the role of the expectations of the economic agents for the future movements of the exchange rate,...
Persistent link: https://www.econbiz.de/10014050275
Key medium- and longer-term fiscal issues faced by transition economies are reviewed, including government solvency and the sustainability of the fiscal-financial-monetary program. The paper aims to assist the design and implementation of future Fund programs and to contribute to the debate...
Persistent link: https://www.econbiz.de/10012782342
The marked turnaround in Russia's foreign trade in 2023 exerted strong downward pressure on the Russian rouble, which …, driven in large part by (war-related) fiscal stimulus - officially estimated at around 10% of GDP in 2022-2023. Official data …
Persistent link: https://www.econbiz.de/10015065596
derives a 'true' rate of inflation on the basis of the different rates of change of the stock of money in circulation and the … nominal value of retail sales. This true rate of inflation is then used to explain changes in quasi-money balances. We … inflation. The annual rate of inflation of the 'true' price index is approximately 12.4 percent higher than that of the official …
Persistent link: https://www.econbiz.de/10012780399
fifth feature in China's economic reform. If monetization is taken to mean a process through which variations in money … interest rate and savings, money and inflation, interest rate and investment, and money and national income do not support the … evidence of such a process in China between the late 1970s and early 1990s …
Persistent link: https://www.econbiz.de/10013011160
the implications of digitalisation for measurement, productivity, labour markets and inflation, as well as more recent …, aggregate productivity growth has decreased in most advanced economies since the 1970s. However, it is likely that without the … spread of digital technologies the productivity slowdown would have been even more pronounced, and the recent acceleration in …
Persistent link: https://www.econbiz.de/10012626753
Persistent link: https://www.econbiz.de/10014534064
Persistent link: https://www.econbiz.de/10014283361