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regions. Upon fixing exchange rates, the region with higher structural wage inflation falls into a low-growth trap. When … core. An empirical analysis confirms that the periphery's higher structural wage inflation rate contributed to its lower …
Persistent link: https://www.econbiz.de/10013186796
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10010231008
This paper analyses the effects of two alternative monetary strategies (exchange rate targeting and inflation targeting … that countries in exchange rate targeting have a higher rate of GDP growth and lower inflation rate. In order to test the … related to exchange rate targeting, the effects of the introduction of inflation targeting in the unemployment rate were also …
Persistent link: https://www.econbiz.de/10012305750
Persistent link: https://www.econbiz.de/10003830221
The marked turnaround in Russia's foreign trade in 2023 exerted strong downward pressure on the Russian rouble, which lost around 30% of its value. Global oil prices were declining in the first half of the year, the EU import embargo on Russian oil depressed prices even further; and on top of...
Persistent link: https://www.econbiz.de/10015065596
This paper analyzes the impact of the exchange rate regime on inflation and output in (South) Eastern and Central … have a better explanatory power than the de jure measures in the inflation and growth equations. For the whole observation … period the estimations reveal a significant impact of exchange rate stability on low inflation as well as a highly …
Persistent link: https://www.econbiz.de/10012779066
macroeconomicvariables (GDP, employment, prices and exchange rates) in BRICcountries (Brazil, Russia, India, China). VAR model was used …
Persistent link: https://www.econbiz.de/10014566381
and regain autonomy in its monetary policy, China needs to move toward a free floating exchange rate system by refraining …
Persistent link: https://www.econbiz.de/10014055361
's Republic of China's growth has increased significantly since 2008. In particular, the variance of US dollar exchange rates has …
Persistent link: https://www.econbiz.de/10011992197
Persistent link: https://www.econbiz.de/10011414796