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Persistent link: https://www.econbiz.de/10011547131
affect inflation. Likewise, the interaction between central bank independence and coordination does not affect unemployment. …
Persistent link: https://www.econbiz.de/10011409983
This paper assesses the adjustment of inflation with financial dynamic fundamentals of money (financial depth), credit … between inflation and the fundamentals. (2) The error correction mechanism is stable in all specifications but in case of any … disequilibrium, only financial depth is significant in adjusting inflation to the long-run relationship. (3) In the long-run, short …
Persistent link: https://www.econbiz.de/10011410033
paper proposes an "inflation uncertainty theory" in providing theoretical justification and empirical validity as to why … French civil-law countries have higher levels of financial allocation efficiency. Inflation uncertainty, typical of floating …
Persistent link: https://www.econbiz.de/10011410404
Persistent link: https://www.econbiz.de/10011507261
We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …
Persistent link: https://www.econbiz.de/10011507921
The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...
Persistent link: https://www.econbiz.de/10011509539
large current account deficit or rise in inflation or interest rates, a rising inflow of external capital, accompanied by … the RBI's sterilizing these inflows and accumulating large reserves, even in the face of low inflation. We offer a …
Persistent link: https://www.econbiz.de/10011520530
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