Showing 1 - 10 of 425
Purpose – The purpose of this paper is to examine the impact of the future of trading on volatility as well as the … efficiency of the stock market of BRIC (Brazil, Russia, India and China) countries. This study also investigates the presence of … IBrx‐50 for Brazil, RTSI for Russia, Nifty for India and CSI300 for China to represent the stock market of BRIC countries …
Persistent link: https://www.econbiz.de/10015013652
Purpose – The purpose of this paper is to analyze and compare the costs of price and income subsidies when the food security policy targets the urban poor. The result may help policymakers choose a desired subsidy scheme to ensure food security for the urban poor facing food price surge....
Persistent link: https://www.econbiz.de/10014689678
Summary This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for …
Persistent link: https://www.econbiz.de/10014608832
Summary The present paper uses the P-Star approach to analyze the real and price effects of German monetary policy on the basis of a multivariate vector-error-correction-model. One surprising result is that the Bundesbank does not cause the price effects of its monetary policy actions directly...
Persistent link: https://www.econbiz.de/10014608908
Verfügung. Letztlich muss die offizielle Inflation deshalb auf Basis eines statistischen Preisindex (SP) berechnet werden. Bei …
Persistent link: https://www.econbiz.de/10014609046
Abstract During the 1990s economic expansion, the United States enjoyed both low inflation and low unemployment. Juhn … whether Phillips curve relationships between real compensation growth, changes in inflation, and labor market slackness are … labor market slackness do as well as men’s in explaining real compensation growth and changes in inflation after 1983.  …
Persistent link: https://www.econbiz.de/10014586835
Abstract This paper conducts a Ramsey analysis within an endogenous growth cash-in-advance economy with policy commitment. Credit and money are alternative payment mechanisms that act as inputs into the household production of exchange. The credit is produced with a diminishing returns...
Persistent link: https://www.econbiz.de/10014588364
I study money creation in versions of the Trejos-Wright (1995) and Shi (1995) models with indivisible money and individual holdings bounded at two units. I work with the same class of policies as in Deviatov and Wallace (2001), who study money creation in that model. However, I consider an...
Persistent link: https://www.econbiz.de/10014588421
Abstract Many existing studies have found a correlation between inflation and price dispersion in goods markets. In …
Persistent link: https://www.econbiz.de/10014588429
Abstract A number of hypotheses have been proposed to account for the role of lagged inflation in the New Keynesian … the need for lagged inflation. I address the empirical support for these hypotheses and find that none eliminates the need … for lagged inflation. In particular, lagged inflation enters with a coefficient in the range of 0.4 to 0.5, regardless of …
Persistent link: https://www.econbiz.de/10014588452