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threshold of serious inflation at the point of cpi is 7.44% …
Persistent link: https://www.econbiz.de/10013157361
I use the monetary version of the neoclassical growth model developed by Aruoba, Waller and Wright (2008) to study the properties of the model when there is exogenous growth. I first consider the planner's problem, then the equilibrium outcome in a monetary economy. I do so by first using...
Persistent link: https://www.econbiz.de/10013157393
This paper investigates the use of trimmed means as high-frequency estimators of" inflation. The known characteristics … that simple averages of price data are" unlikely to produce efficient estimates of inflation. Trimmed means produce … superior estimates" of core inflation,' which we define as a long-run centered moving average of CPI and PPI" inflation. We …
Persistent link: https://www.econbiz.de/10013226558
figures are incompatible with stable economic growth and low inflation over the medium and long term. In an MMT … higher nominal income and inflation. When the amount of money in the economy is too large for too long, there will inevitably … stability and low inflation altogether and effectively moving towards the adoption of an MMT paradigm or taking the necessary …
Persistent link: https://www.econbiz.de/10013226711
The study analyzes the effect of inflation volatility on growth in the presence of different degrees of institutional … of 37 countries over the period 1989–2006 is estimated. While the level of inflation was found not to have a significant … effect on growth, which is in line with previous studies, inflation volatility does significantly impact growth even for …
Persistent link: https://www.econbiz.de/10013226858
Using annual IMS data from 1990 to 1996, we examine empirically whether whether elderly-nonelderly price inflation … point in the distribution chain, there are no differences in price inflation for the aggregate of drugs destined for use by …), antidepressants (ADs) and calcium channel blockers (CCBs). For ABs, since 1992 elderly price inflation is somewhat greater than for …
Persistent link: https://www.econbiz.de/10013226920
accelerating inflation. Among the key features of each stabilization program were the use of wage- price controls, a fixed exchange … of stabilization when inertia is a central feature, The analysis includes the relation between deficits and inflation …, inertial inflation and the basics of monetary reform. We also review the actual stabilization experience in Argentina, Brazil …
Persistent link: https://www.econbiz.de/10013227053
We test whether the time-series positive correlation of inflation and intermarket relative price variability is also … higher than average inflation also have higher than average relative price dispersion, ceteris paribus. This result holds for … part of the relationship between inflation and relative price variability cannot be explained by monetary factors …
Persistent link: https://www.econbiz.de/10013227505
In this paper I attempt to clarify the nature of the losses associated with inflation within a conventional model of a … competitive economy. I shall argue that were inflation fully anticipated, it would be "almost neutral" provided (a) that the tax … States). However, unanticipated inflation may have significant effects …
Persistent link: https://www.econbiz.de/10013228048
regularization penalties, and we use them in a substantive exploration of Eurozone inflation and real interest rate density forecasts …. All individual inflation forecasters (even the ex post best forecaster) are outperformed by our regularized mixtures. From …
Persistent link: https://www.econbiz.de/10013228126