Showing 1 - 10 of 628,987
Persistent link: https://www.econbiz.de/10011295750
Persistent link: https://www.econbiz.de/10011774923
Persistent link: https://www.econbiz.de/10000887117
Persistent link: https://www.econbiz.de/10000855286
The Gibson paradox,long observed by economists and named by John Maynard Keynes (1936),is a positive relationship between the interest rate and the price level. This paper explains the relationship by means of interest-rate, cost-push inflation.In the mode,spending is driven in part by changes...
Persistent link: https://www.econbiz.de/10003346732
Persistent link: https://www.econbiz.de/10011516055
Many empirical studies have found that interest rate have a positive effect on the price level. This paper pursues an obvious, but neglected explanation: interest payments are a cost of production that is at least in part passed on to costumers. A model shows that the cost-push effect of...
Persistent link: https://www.econbiz.de/10003209912
Persistent link: https://www.econbiz.de/10001305269
Persistent link: https://www.econbiz.de/10001304074
Persistent link: https://www.econbiz.de/10001489086