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-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows … market share competition with the assumption that agent?s behavior is characterized by inflation aversion. Chapter IV is … devoted to the GMM estimation of crucial parameters of the inflation-aversion model of the previous chapter. A model featuring …
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The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between banks, firms, workers and capital goods suppliers. Not only does this network give rise to the creation and valuation of money but it is the organising feature of modern...
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This dissertation studies the question of nonlinearities in the Phillips curve relationshipin France, Germany and Italy. The implications from the theoretical models are that themechanisms that make the Phillips curve nonlinear can work through different channels.Therefore, this thesis not just...
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activity of the Bank of Lithuania during the process of integration into the EU. The viability of the inflation rate maintained …
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inflation. The thesis contains two parts. Within the theoretical part are systematised the sources of Lithuanian and foreign … scientific literature which researches the inflation. There are also identified the substantial economical factors influencing … the inflation which are distinguished by the experts of macro-economy, also is analysed the influence of these factors …
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, determined FDI influence for these macroeconomic indicators such as GDP, export, unemployment rate, inflation. Partially approved …
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