Income inequality may influence macro-economic variables by affecting the money multiplier and the trade-off between inflation and output. In an AD-AS model with imperfect foresight income inequality intensifies the volatility of output and inflation rate by increasing the likelihood of...

The objective of this article is to provide an analysis of the relationship existing between cereal prices and several variables such as population, income, exports, the exchange rate, and speculation, by using a linear regression analysis. Specific emphasis is placed on the speculative...

This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...