Showing 1 - 10 of 11,028
Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused … the past and in the presence. This paper attributes inflation decisively to the overwhelming money creation by the …
Persistent link: https://www.econbiz.de/10013553631
This report is one of the first studies discussing monetary base analysis and control model, a concept even today is alive and more developed by, for example, by IMF to use its analysis. The study presents monetary base approach to control of money flows and the links between monetary base,...
Persistent link: https://www.econbiz.de/10012892419
relationship of various measures of money and inflation. After demonstrating that previous naïve correlations between money and … inflation as established in the 20th century literature have largely disappeared, we explain why this cannot be taken as support …
Persistent link: https://www.econbiz.de/10013243075
dynamic stochastic general equilibrium framework, we examine the effects of alternative monetary policy rules on inflation … persistence, the information content of monetary data, and real variables. We show that inflation persistence and the variability … of inflation relative to money growth depends on whether the central bank follows a money growth rule or an interest rate …
Persistent link: https://www.econbiz.de/10014063582
The paper analyzes the convergence of inflation rates in the group of more developed members of the Eurozone (core … countries). What are the characteristics and is the inflation process in these countries sufficiently homogeneous? Are the … analysed inflation rates converging, so that there is an indication that these countries tend to form the optimal currency area …
Persistent link: https://www.econbiz.de/10014281769
to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …
Persistent link: https://www.econbiz.de/10010379902
When indexation is endogenous price level targeting slightly adds to economic stability, contrary to widespread fears to the contrary. The aggregate supply curve flattens and the aggregate demand curve steepens, increasing stability in the face of supply shocks.
Persistent link: https://www.econbiz.de/10011516965
structure reflects changing expectations of future yields and inflation. This analysis shows that the presence of time … less than five years. By contrast, variations in inflation expected over the next two to three years are very accurately … term structures closely track changing expectations regarding future nominal and real yields but not future inflation …
Persistent link: https://www.econbiz.de/10013131069
Persistent link: https://www.econbiz.de/10013121639
solutions, all have failed as these attempts implicitly assume perfectly-correct inflation statistics. Examining these … assumptions, we discover that not only are the inflation numbers materially flawed, but more so, there are significant incentives … for government entities to under-report inflation. With this, we find that to explain the Equity Premium Puzzle, inflation …
Persistent link: https://www.econbiz.de/10012838903