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This essay makes a proposal that might be controversial among tax scholars even if it is non-controversial to those with a particular interest in international law: that international social and institutional structures shape, and are shaped by, historical and contemporary domestic policy...
Persistent link: https://www.econbiz.de/10014220649
for the economy-inflation and devaluation. The purpose of the research is to analyze the socio-economic results of … inflation and devaluation in Georgia and to determine the main directions to overcome it. Due to study purposes was investigated … the causes of inflation and devaluation, as well as was examined its influence on economic development of the country and …
Persistent link: https://www.econbiz.de/10012835155
Central bankers often assert that anchoring of inflation expectations and reducing inflation uncertainty are good for …-in-difference strategy is based on the theoretical prediction that inflation uncertainty has larger effects in industries that are more …-anchored inflation expectations. The results are robust to controlling for the interaction between these characteristics and a broad set …
Persistent link: https://www.econbiz.de/10012868768
Economists generally accept the proposition that high and volatile inflation rates generate inefficiencies that reduce … society's welfare. Furthermore, studies have shown that inflation is harmful to economic growth. However, determining the … higher inflation levels and volatility. Not only does this paper advance the political economy literature establishing a …
Persistent link: https://www.econbiz.de/10014074634
The Taylor principle is quite usually considered as a central condition for price determinacy. Recently, however, this has been questioned on several grounds, notably because (i) this condition is a condition for local determinacy, not global determinacy (ii) it has been derived in Ricardian...
Persistent link: https://www.econbiz.de/10014059145
Central bank financial strength has not been a significant issue for a substantial period of time. However, recent theoretical and empirical literature argues that even central banks require sufficient level of financial strength to perform functions effectively and achieve their objectives. In...
Persistent link: https://www.econbiz.de/10013102992
inflation is driven purely by changes in monetary aggregates. Using quarterly time series data for Nigeria over the period 1970 … to 2011, we test the quantity theory relationship between money and price movement to establish if inflation is always … robust estimate for Nigeria. The result of the study shows that inflation is not always and everywhere a monetary phenomenon …
Persistent link: https://www.econbiz.de/10013090118
Economists generally accept the proposition that high inflation rates generate inefficiencies that reduce society … higher degree of political instability is associated with higher inflation. The paper also draws relevant policy implications … for the optimal design of inflation-stabilization programs and of the institutions favorable to price stability …
Persistent link: https://www.econbiz.de/10013318074
Economists generally accept the proposition that high inflation rates generate inefficiencies that reduce society … higher degree of political instability is associated with higher inflation. The paper also draws relevant policy implications … for the optimal design of inflation stabilization programs and of the institutions favorable to price stability …
Persistent link: https://www.econbiz.de/10014055638
source and host country. Capital taxes have a statistically significant though economically modest effect. 80 percent of …
Persistent link: https://www.econbiz.de/10010320317