Showing 1 - 10 of 35,226
The worst global downturn since the Great Depression has caused ballooning budget deficits in most nations, as tax revenues collapse and governments bail out financial institutions and attempt countercyclical fiscal policy. With notable exceptions, most economists accept the desirability of...
Persistent link: https://www.econbiz.de/10013083044
The ongoing post-pandemic inflation burst has put the monetary policy framework, its governance alternatives, and the evolution in central banking to a critical test. investigates the causes of this inflationary process and explores the extent to which central banks may have contributed to it....
Persistent link: https://www.econbiz.de/10014349722
This paper reviews theory and evidence of the welfare effects of inflation from a costbenefit perspective. Basic models …
Persistent link: https://www.econbiz.de/10012991253
This paper discusses some of the operational issues relevant to the implementation of an inflation-targeting regime. In particular it focuses on: whether inflation targeting is 'new'; whether (and how) the forward-looking nature of inflation-targeting helps to prevent instabilities in inflation;...
Persistent link: https://www.econbiz.de/10014070205
We examine asset class and factor premiums across inflationary regimes. As periods of high inflation and deflation are relatively uncommon in recent history, we use a deep sample starting in 1875. Moderate inflation scenarios provide the highest returns across asset class and factor premiums....
Persistent link: https://www.econbiz.de/10013404925
Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to peak in mid-2022 and then decline, but to remain elevated...
Persistent link: https://www.econbiz.de/10013256317
The worst global downturn since the Great Depression has caused ballooning budget deficits in most nations, as tax revenues collapse and governments bail out financial institutions and attempt countercyclical fiscal policy. With notable exceptions, most economists accept the desirability of...
Persistent link: https://www.econbiz.de/10003975102
We've been assured that the recession is over, but the country and the economy continue to feel the effects of the 2008 financial crisis, and people are still searching for answers about what caused it, what it has wrought, and how we can recover. This selection from the best-selling book This...
Persistent link: https://www.econbiz.de/10014292540
Today the global economy is facing down the threat of a multifaceted crisis. Sustained by ultra-low interest rates and unprecedented levels of quantitative easing since the last global financial crisis, the global economy is taking a sharp turn toward tighter monetary policy as it experiences...
Persistent link: https://www.econbiz.de/10014257291
Persistent link: https://www.econbiz.de/10003846403