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High and variable inflation has been a central feature of the Turkish economy since the 1970s. This paper seeks to shed … some light on the determinants of inflation in Turkey by analyzing price determination within the framework of a multi …
Persistent link: https://www.econbiz.de/10014403246
components of aggregate demand. The most recent cycle stands out in achieving for the first time a reduction in inflation without …
Persistent link: https://www.econbiz.de/10014403282
Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in … lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former … Soviet Union are now typically in the range of 10–60 percent. This essay examines whether a further reduction in inflation …
Persistent link: https://www.econbiz.de/10014403301
Mozambique’s inflation rate was consistently high until 1995, and then plunged in 1996 to 17 percent from 70 percent in … 1994. This paper suggests that Mozambique’s inflation pattern is a combination of a “fundamental” trend set by economic … ultimate reason for the control of inflation in 1996, and hence seems to correspond to a change in the “fundamental” trend of …
Persistent link: https://www.econbiz.de/10014403304
based on static expectations, such contracts will result in a greater reduction in inflation with lower output costs …
Persistent link: https://www.econbiz.de/10014403308
rise and fall of inflation during 1991-97. The methodology could usefully be applied to other economies whose exports are …
Persistent link: https://www.econbiz.de/10014403379
model is able to explain most features of the ""Great Inflation …
Persistent link: https://www.econbiz.de/10014404234
The paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003. The … substantial decline in velocity and increasing levels of real money balances during 2004 are at odds with a record of inflation … such as repressed inflation (given administered prices) or measurement errors in the consumer price index. The results of …
Persistent link: https://www.econbiz.de/10014404246
Estimates of potential output are an important ingredient of structured forecasting and policy analysis. Using information on consensus forecasts, this paper extends the multivariate filter developed by Benes and others (2010). Although the estimates in real time are more robust relative to...
Persistent link: https://www.econbiz.de/10014412027
Giving greater prominence to SDRs in international reserves would entail allocating them more frequently in significant amounts. The question has properly been raised whether such issuance would be inflationary for the world economy. This short paper addresses that question. It explores five...
Persistent link: https://www.econbiz.de/10014410310