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The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of … inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be …, inflationary restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as …
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framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …
Persistent link: https://www.econbiz.de/10005789620
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In the present paper we analyse whether fundamental macroeconomic factors, temporary influences or more structural factors have contributed to the recent decline in bond yields in the US. For that purpose, we start with a very general model of interest rate determination in which risk premia are...
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