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precedents and proposals have included austerity, haircuts and the generation of inflation. Each way has advantages and …, hyperinflation in Germany after World War I, inflation in Argentina since the 1980s, currency reform in Germany after WW II, and …
Persistent link: https://www.econbiz.de/10012514525
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10009756278
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
This paper is organized in two parts, an overview of the evolution of inflation, highlighting the factors that … influenced the persistent inflation in Romania, and a VAR model for the impulse analyses. The purpose of the paper is to present … and the impact of external shocks (such as international price of oil) on the development of inflation. …
Persistent link: https://www.econbiz.de/10005827603
This paper is organized in three parts: a discussion of general issues, an overview of evolution of inflation …, highlighting the stages of the persistent inflation in Romania, and a model of Romanian inflation using VAR methodology. The … purpose of the paper is to present an efficient instrument for simulation and research of inflation and its determinants in …
Persistent link: https://www.econbiz.de/10005827628
The paper provides a theoretical reference point for discussions on adjustments in price levels and relative prices. The authors present a 'nested' model integrating the Balassa-Samuelson model of the real equilibrium exchange rate with a model of accumulation of capital and with the demand side...
Persistent link: https://www.econbiz.de/10005765475
This paper is organized in two parts, the presentation of the model of inflation for Romania, and the results of … simulation and research of inflation and its determinants in Romania, with a focus on the short-term impact of the changes in … international oil price, on the future inflation in Romania. …
Persistent link: https://www.econbiz.de/10005772666
This article attempts to answer a few open questions related to price convergence in the Czech Republic and in other Central and Eastern European Countries toward prices in the European Union. The authors address the following issues: First, what, from the theoretical viewpoint, should the...
Persistent link: https://www.econbiz.de/10008549821
The article contributes to the theory of convergence in the price level and relative prices. The authors present a model integrating the Balassa-Samuelson model of real equilibrium exchange rate with a model of capital accumulation and with the demand side of the economy. They also show how the...
Persistent link: https://www.econbiz.de/10008495795
The paper analyses the price convergence in the Czech Republic and other Central and Eastern European (CEE) countries towards the European Union (EU). Cross-country comparisons based on the International Comparison Project (ICP) 1999 are used. The authors conclude that in a benchmark convergence...
Persistent link: https://www.econbiz.de/10005405576