Showing 1 - 10 of 13,051
Modern monetary theory (MMT) has grown in popularity in recent years. Several central bankers have made passing comments about it. However, the publication of two papers by Drumetz/Pfister of the Banque de France in 2021 represents the first attempt at a more systematic assessment of MMT by two...
Persistent link: https://www.econbiz.de/10014433715
This study examines the asymmetrical effects of unemployment and output on inflation in Greece. It applies a nonlinear … autoregressive distributed lag model to focus on how positive and negative economic indicator fluctuations impact inflation. The … empirical findings indicate an asymmetric and inverse relationship between inflation and unemployment. In the long run, positive …
Persistent link: https://www.econbiz.de/10015198598
Examining the economies of the European Union from 2000 to 2023, we have found no strong evidence that the inflation … the euro area, aimed at rapidly bringing inflation under control, could actually be detrimental to economic growth. Since … the negative effects of monetary tightening on growth are clear, while the benefits of rapidly reducing inflation on …
Persistent link: https://www.econbiz.de/10015210370
The objective of this research paper is to examine the relationship between relative price variability and inflation by … demonstrated that there is a probable relationship between inflation (DPt) and both un-weighted measures of price variability (VPt …
Persistent link: https://www.econbiz.de/10011797160
The paper examines the factors of global inflation acceleration in 2021-2022. We consider primarily the developed … economies, where rates of inflation over the last two years have exceeded multi-year highs and have significantly exceeded … target levels. We find that the cause of accelerating inflation was an imbalance between aggregate demand, which started to …
Persistent link: https://www.econbiz.de/10015394329
The paper contains a retrospective analysis of macroeconomic policy and reforms in the countries of the former Soviet Union (FSU) from 1992 to 2021, after obtaining political and economic independence in 1991. Special attention is given to problems of macroeconomic stabilization and economic...
Persistent link: https://www.econbiz.de/10015394231
increase in energy prices. This led to consumer price inflation in the euro area far beyond the ECB's inflation target of two … the ECB facing conflicting objectives of stabilizing the economy and combating inflation. Estimates show that while the … would have stabilized inflation more effectively. Tightening monetary policy would have curbed energy demand and caused the …
Persistent link: https://www.econbiz.de/10015083459
particular the aim of price stability, understood as low and stable inflation. Design/Research methods: The article was prepared … inflation reduces uncertainty about future price developments. This facilitates decision-making for companies concerning …
Persistent link: https://www.econbiz.de/10013198396
frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …
Persistent link: https://www.econbiz.de/10014465997
, the most preferable regime for Belarus is a flexible inflation targeting. In transforming the economy and political system …
Persistent link: https://www.econbiz.de/10015415373