inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …

The study analyses the nature of the nexus between budget deficit and economic growth given inflation trends. It … method of moments (GMM) for the empirical evidence. The following results are established: (i) the level of inflation above … reduction of inflation to below 1.8%. Otherwise, any measures put in place by the monetary authorities to stabilize prices would …

Poland. Applying the GARCH model and based on a sample during 1999.Q2 to 2012.Q4, this paper finds that Poland’s stock market … ratio is greater than 46.03%. Furthermore, Poland’s stock index is positively associated with industrial production and … inflation rate. …

inflation expectations. We develop this measure using assumptions common in economic analysis of open economies. Using quarterly …

inflation expectations. We develop this measure using assumptions common in economic analysis of open economies. Using quarterly …

Inflation, Unemployment, and Monetary Policy -- Contents -- Introduction -- Inflation, Unemployment, and Monetary … Policy -- How Cautious Must the Fed Be? -- Monetary Policy Guidelines for Employment and Inflation Stability -- Comments …

In this paper we study 2-state Markov switching VAR models of monthly unemployment and inflation for three countries … variance in unemployment. In the U.S. case we find that the variance of unemployment is lower in the low inflation regime than … in hte high inflation regime, while the Swedish and the U.K. cases suggest that unemployment variability is higher in the …