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The global financial crisis (2008-09) led to a sharp contraction in both Euro Area (EA) and US real activity, and was followed by a long-lasting slump. However, the post-crisis adjustment in the EA and the US shows striking differences - in particular, the EA slump has been markedly more...
Persistent link: https://www.econbiz.de/10012998137
inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since …
Persistent link: https://www.econbiz.de/10010287762
inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since …
Persistent link: https://www.econbiz.de/10010288128
inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since …
Persistent link: https://www.econbiz.de/10003943689
inflate. It suggests that when economic growth is stalled, the U.S. debt overhang may trigger an increase in inflation of … about 5 percent for several years. This additional inflation would significantly reduce the debt ratio, even with some …As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since …
Persistent link: https://www.econbiz.de/10003921540
Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation …. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters … model-based counterfactual shows that GDP would have been 5 percent lower, and the debt-to-GDP ratio 20 percentage points …
Persistent link: https://www.econbiz.de/10014559288
Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation …. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters … model-based counterfactual shows that GDP would have been 5 percent lower, and the debt-to-GDP ratio 20 percentage points …
Persistent link: https://www.econbiz.de/10014500970
Persistent link: https://www.econbiz.de/10014511998
Persistent link: https://www.econbiz.de/10009622252
Resource utilisation, or “slack”, is widely held to be an important determinant of inflation dynamics. As the world has … output gaps.Full publication: "http://ssrn.com/abstract=2248714" Globalisation and Inflation Dynamics in Asia and the Pacific …
Persistent link: https://www.econbiz.de/10013083470