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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
Im Zentrum dieser Dissertation steht das Beschreiben und Erklären von Konjunkturdynamiken. Motiviert durch den außerordentlich starken wirtschaftlichen Einbruch in 2008/2009 betont die Arbeit dabei die Wichtigkeit der Nutzung von nichtlinearen Modellansätzen. Die Dissertation kann als Beitrag...
Persistent link: https://www.econbiz.de/10012154125
This study examined the causal relationship between inflation and economic growth as well as estimating threshold and … forecasting of inflation in Nigeria for the period of 1961 { 2016. The study employed Granger causality test, Au- toregressive … (VAR) models. Granger causality test result showed that inflation does not granger cause economic growth and neither does …
Persistent link: https://www.econbiz.de/10011922677
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
monetary policies based on the inflation targeting regime. Nevertheless, there is no theoretical evidence as to which inflation … determine which inflation level is a threshold for the economic growth. The aim of this study is to examine the relationship … between price stability and economic growth of the selected countries applying inflation targeting. We use threshold dynamic …
Persistent link: https://www.econbiz.de/10012210632
This article integrates monetary policy into a very simple dynamic supermultiplier model with an accommodating supply side. Results show that monetary policy guided by a conventional Taylor rule may stabilize an economy around the steady-state path of demand-led growth following temporary demand...
Persistent link: https://www.econbiz.de/10014529506
adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting …
Persistent link: https://www.econbiz.de/10012774248
We incorporate quantile regressions into a structural vector autoregression model to empirically assess how monetary and fiscal policy influence risks around future GDP growth. Using a panel of six developed countries, we find that both policy instruments affect the location of the distribution...
Persistent link: https://www.econbiz.de/10012522864
inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …
Persistent link: https://www.econbiz.de/10014457581
Persistent link: https://www.econbiz.de/10002573027