Showing 1 - 10 of 2,013
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10010286310
, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …
Persistent link: https://www.econbiz.de/10010517439
This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … evidence to show that the support for a successful Inflation Targeting policy is very weak or non-existent. We use various … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this …
Persistent link: https://www.econbiz.de/10012227388
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10012230450
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....
Persistent link: https://www.econbiz.de/10011852813
This paper surveys the existing literature on the relationship between inflation and economic growth in developed and … developing countries, highlighting the theoretical and empirical indications. The study finds that the impact of inflation on … overwhelming support in favour of a negative relationship between inflation and growth, especially in developed economies. However …
Persistent link: https://www.econbiz.de/10011875376
The objective of this study was to shed new light on the non-linear effects of inflation and the inflation thresholds … countries in order to see if there are any differences in the empirical linkage between inflation and long-term growth. For the … full sample of African countries, the empirical evidence showed that inflation hampered growth if it exceeds 11.1 percent …
Persistent link: https://www.econbiz.de/10011956540
The main objective of this study is to investigate the effect of interest rate, inflation rate, and GDP on real …, and inflation level) is employed. Study adopted Johansen test. Findings indicated that both trace test and max eigenvalue … inflation causes interest rate. On the other hand all other variables are independent with each other. Regressionwas conducted …
Persistent link: https://www.econbiz.de/10009755676
The objective of this paper was to analyse the relationship between inflation and economic growth in Burundi and to … determine whether there is an inflation threshold or not to allow monetary authority to adopt the optimal policies to deal with … between inflation and economic growth. The results showed a negative and significant relationship in the short run between …
Persistent link: https://www.econbiz.de/10014500848
related to economic growth, employment, and inflation. Motivated by "Happiness Economics," this paper focuses on financial …' macroeconomic performances. We use the World Values Survey and inflation, unemployment, and economic growth data collected from 2010 … financial satisfaction has a negative relationship with inflation and unemployment and a positive relationship with economic …
Persistent link: https://www.econbiz.de/10014500981