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large current account deficit or rise in inflation or interest rates, a rising inflow of external capital, accompanied by … the RBI's sterilizing these inflows and accumulating large reserves, even in the face of low inflation. We offer a …
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crowding-out pressure it represents. A better measure would be the inflation-and-real-growth-corrected, cyclically adjusted …-Wallace "paradox" - in the variable velocity model ,lower monetary growth now may mean higher inflation now and in the future -has its … counterpart in the possibility that lower money growth now may give lower inflation now and in the future. In the constant …
Persistent link: https://www.econbiz.de/10012478025
large current account deficit or rise in inflation or interest rates, a rising inflow of external capital, accompanied by … the RBI's sterilizing these inflows and accumulating large reserves, even in the face of low inflation. We offer a …
Persistent link: https://www.econbiz.de/10014070498
crowding-out pressure it represents. A better measure would be the inflation-and-real-growth-corrected, cyclically adjusted …-Wallace "paradox" - in the variable velocity model ,lower monetary growth now may mean higher inflation now and in the future -has its … counterpart in the possibility that lower money growth now may give lower inflation now and in the future. In the constant …
Persistent link: https://www.econbiz.de/10013311660
seigniorage finance. This leads to an increase in inflation which, in turn, reduces capital accumulation and growth. At the …This paper presents an analysis of the effect of bureaucratic corruption on economic growth through a public finance …
Persistent link: https://www.econbiz.de/10010264401
Output growth, investment and the real interest rate in long run evidence tend to be negatively affected by inflation …. Theoretically, inflation acts as a human capital tax that decreases output growth and the real interest rate, but increases the …. Inflation then decreases the investment rate, and still decreases both output growth and real interest up to some moderately …
Persistent link: https://www.econbiz.de/10010494408