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Has the Asymmetric Effect of Oil Price Volatility in Inflation Expectations Been Impacted by the COVID-19 Outbreak? A Comparison between the United States and China
Nie, Qing - 2022
States and China to assess the impact of oil price dynamics and asymmetries on inflation expectations in the two countries ….S. inflation expectations has enhanced during the pandemic, whereas the positive impact on China inflation expectation has weakened …, but the asymmetry has changed in China during the COVID-19 outbreak. More specifically, the positive oil price shock in …
Persistent link: https://www.econbiz.de/10013289383
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The US-China "trade war": the war nobody can win
Yılmaz, Bahri - 2019
The main aim of this paper is to analyze US-China trade relations and the so-called "trade war" between the two … eagerly following a protectionist trade policy toward China and fighting with some of America's oldest trading partners … other leading economic actors have underestimated China's rapid economic growth and were unprepared for the dawning of new …
Persistent link: https://www.econbiz.de/10012111239
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John Maynard Keynes: Is That you Knocking on the Door?
Kowalski, Tadeusz; Shachmurove, Yochanan - Zakład Ekonometrii Stosowanej, Szkoła Główna … - 2011
This paper provides an overview of the evolution of macroeconomic thought from 1936, the year John Maynard Keynes published his general theory of employment, interest and money to the year 2010. It explores the reasons for the extension of the business cycle during the postwar period. The paper...
Persistent link: https://www.econbiz.de/10009293018
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An Historical Walk Through Recent Financial Crises
Kowalski, Tadeusz; Shachmurove, Yochanan - Department of Economics, University of Pennsylvania - 2011
This paper analyzes the causes and implications of recent financial crises. Financial crises in general lead to changes in both theory and practice of economics. The paper takes an historical overview. The global consensus of economic theory during the 20th century is discussed. The paper...
Persistent link: https://www.econbiz.de/10009145755
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The case for TIPS : an examination of the costs and benefits
Roush, Jennifer E. (contributor);  … - 2008
Several studies have shown that, ex-post, the issuance of Treasury Inflation-Protected Securities (TIPS) has cost U.S. taxpayers money. We propose that evaluations of the TIPS program be more comprehensive and focus on the ex-ante costs of TIPS issuance versus nominal Treasury issuance and,...
Persistent link: https://www.econbiz.de/10003781794
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Minsky and economic policy :"Keynesianismʺ all over again?
Tymoigne, Éric (contributor) - 2008
Recently, national newspapers all over the world have suggested that we should reread John Maynard Keynes, and that Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and discovering Minsky are noble goals, one should also remember...
Persistent link: https://www.econbiz.de/10003773518
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Alternative Phillips curves models with endogenous real-time expectations
Kiefer, David M. - 2010
Originally presented as an empirical regularity, a variety of microeconomic derivations of the Phillips tradeoff between inflation and real output have been developed. Since these new Phillips curve models are expressed in terms of unobserved variables and expectations, we develop estimates of...
Persistent link: https://www.econbiz.de/10003958152
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Using inflation to erode the US public debt
Aizenman, Joshua; Marion, Nancy Peregrim - 2009
As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since 1955. Projections indicate the debt ratio may be in the 70-100 percent range within ten years. In many respects, the temptation to inflate away some of this debt burden is...
Persistent link: https://www.econbiz.de/10003943689
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Using inflation to erode the US public debt
Aizenman, Joshua; Marion, Nancy Peregrim - 2009
As a share of GDP, the U.S. Federal debt held by the public exceeds 50 percent in FY2009, the highest debt ratio since 1955. Projections indicate the debt ratio may be in the 70-100 percent range within ten years. In many respects, the temptation to inflate away some of this debt burden is...
Persistent link: https://www.econbiz.de/10003921540
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The impact of financialization on income distribution in the USA and Germany : a proposal for a new adjusted wage share
Duenhaupt, Petra - 2011
Over the recent decades, the USA has witnessed major changes in corporate governance partly due to an overall increase in financialization. The most pronounced development is the escalation of management salaries caused by the rise of stock options. On theoretical grounds, this trend was...
Persistent link: https://www.econbiz.de/10009530535