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The Taylor rule and dynamic stability in a small macroeconomic model

Chappell, David; Turner, Paul - 2003

In this paper we embed the Taylor interest rate rule in a simple macroeconomic model with Calvo contracts. We contrast this with the case in which the interest rate is determined by the conventional LM curve along with a fixed value for the monetary aggregate. We derive conditions under which...

Persistent link: https://www.econbiz.de/10009461225

Inflation and Accumulation. The Case of Israel

Nitzan, Jonathan; Bichler, Shimshon - In: Science & Society 64 (2000) 3, pp. 274-309

The paper offers a new theoretical framework for linking inflation and accumulation, with the Israeli experience as a case study. The focal point is the process of differential accumulation by the largest core firms. The theory of differential accumulation suggests that the relative power of...

Persistent link: https://www.econbiz.de/10011644557

Trade credit and pricing: An empirical evaluation

Amberg, Niklas; Jacobson, Tor; von Schedvin, Erik - 2018

We empirically investigate the proposition that firms charge premia on cash prices in transactions involving trade … credit. Using a comprehensive Swedish panel dataset on product-level transaction prices and firm-characteristics, we relate … trade credit issuance to price setting. In a recession characterized by tightened credit conditions, we find that prices …

Persistent link: https://www.econbiz.de/10011943324

How Much Did Speculation Contribute to Recent Food Price Inflation?

Amanor-Boadu, Vincent; Zereyesus, Yacob A. - 2009

Recent increases in commodity prices have led to calls for the regulation of speculators. These calls have come from …

Persistent link: https://www.econbiz.de/10009445819

How will the interaction of wages and prices play out in the last mile of disinflation?

Kamin, Steven; Roberts, John M. - 2024

between wages and prices. A consideration that could loom large is the shortfall in wage gains relative to their pre …

Persistent link: https://www.econbiz.de/10014581869

Armut in Georgien

Gabidsaschwili, B.; Gelaschwili, Simon - 2007

Poverty is currently wide spread in Georgia. This paper is dedicated to an analysis of the causes, the extent and the intensity of poverty in Georgia. With a strong focus on the period after Shevardnadze’s presidency, the paper shows how poverty has grown in the past 15 years. In spite of a...

Persistent link: https://www.econbiz.de/10009448987

Stable price level and changing prices

Suvanto, Antti; Hukkinen, Juhana - 2004

.The paper shows that declining nominal prices were a rather common phenomenon during this period of low or no inflation ….The declining prices cannot, however, be explained by lack of demand or any generalized deflationary tendencies.Hence, the downward … rigidity of nominal prices has not prevented relative price adjustments under price stability.The paper develops a new method …