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illustrated with examples that include tax policy, government spending, the euro, globalization, and the neoliberal policy …
Persistent link: https://www.econbiz.de/10011669507
This paper studies the dynamic behaviour of both linear and non-linearity of consumer prices in Peninsular Malaysia and Sabah from 2004 to 2015. For linear tests, monthly prices data of consumer price index (CPI) for nine groups of goods and services were analysed using the unit root tests and...
Persistent link: https://www.econbiz.de/10012627468
Persistent link: https://www.econbiz.de/10011697276
Persistent link: https://www.econbiz.de/10014233621
A fall in house prices due to a change in fundamental value redistributes wealth from those long housing (for whom the fundamental value of the house they own exceeds the present discounted value of their planned future consumption of housing services) to those short housing. In a closed economy...
Persistent link: https://www.econbiz.de/10003996560
Inflation in the euro area has been below the European Central Bank's target for almost a year now and it is also …
Persistent link: https://www.econbiz.de/10010256241
The author provides a rigorous analysis of Milton Friedman's parable of the "helicopter" drop of money a permanent/irreversible increase in the nominal stock of fiat base money rate which respects the intertemporal budget constraint of the consolidated Central Bank and Treasury - the State....
Persistent link: https://www.econbiz.de/10010392960
, inflation in the euro area remains extremely weak. Furthermore, as the present Wochenbericht clearly demonstrates, the inflation … expectations in the euro area are no longer firmly anchored. Expectations are becoming increasingly decoupled from the ECB …'s inflation target which, in turn, augments the risk of the euro area sliding into deflation. In June, the Central Bank introduced …
Persistent link: https://www.econbiz.de/10010404668
roles of those factors in the pre-crisis bubble buildup, in shaping aggregate policy responses in the USA and Europe and in …
Persistent link: https://www.econbiz.de/10008809496
und zu einer Abwertung des Euro beigetragen. Da das Zinsniveau im Euroraum nun bereits sehr niedrig ist, und darüber … depreciation of the euro. Since interest rates in the euro area are already very low and the current weak price trend is also … central banks could become large creditors of national governments in the euro area. In the euro area this creates the risk of …
Persistent link: https://www.econbiz.de/10010496861