Showing 67,621 - 67,630 of 67,920
Using 1970-85 sectoral data for the OECD we find that inflation in nontradable good exceeds inflation in tradables. We … prime causes of the differential inflation. In addition, disinflation attempts and the exchange rate regime appear to have … exerted significant influence on the relative inflation rate …
Persistent link: https://www.econbiz.de/10014396317
general validity: (a) deficits lead to inflation and stopping inflation requires elimination of deficits; (b) a major effect … of inflation is a large shift of the tax burden from capital to labor; and (c) shocks to labor supply, such as massive …
Persistent link: https://www.econbiz.de/10014396318
This paper analyzes, in a public finance context, how the optimal use of the inflation and the consumption tax is … by 1992. Two main questions are addressed: first, how the constraint of having to share a common inflation tax, in order … to preserve fixed-exchange rates, influences the optimal policy decisions concerning the inflation tax; secondly, how the …
Persistent link: https://www.econbiz.de/10014396346
, together with the policy stance on exchange and interest rates, led to a significant feedback from inflation to money supply …Yugoslav inflation unfolded as a classic wage-price-exchange rate spiral through the 1970s and 1980s and exploded into … hyperinflation in the last quarter of 1989. This paper examines the process of monetary accommodation of inflation, the behavior of …
Persistent link: https://www.econbiz.de/10014396351
The introduction of a new currency has often occurred as part of a program to fight hyperinflation. In this context, non-uniform conversion rates for different types of assets and liabilities have been used as a means of reducing an initial “excess” stock of liquidity. The paper examines the...
Persistent link: https://www.econbiz.de/10014396371
inflation is related to the output gap, as well as to the money supply and the terms of trade. We conclude that the gap model …There is considerable evidence from industrial countries that the output gap is an important determinant of inflation …
Persistent link: https://www.econbiz.de/10014396390
The robust negative correlation between openness and inflation found in cross-country data for the 1970s and 1980s has … disappeared in the 1990s. There is now a strong negative correlation of inflation with per capita GDP, as higher-income countries … that floating exchange rate regimes are associated with inflation rates at least 10 percent a year higher than pegged …
Persistent link: https://www.econbiz.de/10014401056
transmission of inflation from India. Because the Nepali currency is pegged to the Indian rupee and the two countries share an open … border, price developments in Nepal would be expected to mirror to those in India. The results show that inflation in India … and inflation in Nepal tend to converge in the long run. Our estimates indicate that the passthrough of inflation from …
Persistent link: https://www.econbiz.de/10014401069
The global financial crisis unmasked Serbia’s unsustainable pre-crisis growth model. Looking back, the Stand-By Arrangement (SBA) provided effective insurance against a financial meltdown, initiated the needed re-balancing of the economy, but could not prevent large job losses. Looking ahead,...
Persistent link: https://www.econbiz.de/10014401094
This paper examines some of the factors that have been influential in keeping inflation low in the United States during … role of labor costs and import prices in determining price inflation …
Persistent link: https://www.econbiz.de/10014401114