Showing 60,921 - 60,930 of 61,765
India has large twin deficits, high prices of some real assets, and (less familiar) fragile financial interdependence …) unanticipated jumps in inflation rate; (c) somewhat regular bailouts; (d) misplaced confidence; and (e) good growth. The first three … factors have ‘persistent’ costs. There are reasons to believe that these costs are high. The fourth factor is not a …
Persistent link: https://www.econbiz.de/10011139065
recommended) higher inflation and depreciation of the currency. He advocates non-transparent default on public debt in real terms … through higher inflation. Though he is very critical of Efficient Market Hypothesis, he is silent on advances in behavioural …
Persistent link: https://www.econbiz.de/10011139096
There is a widespread view that inflation or inflationary expectations are the only way to overcome the zero lower … overcome the zero lower bound on interest rate—without any inflation or inflationary expectations. A simple â …€˜old’ Keynesian model is used though the treatment is novel and in-depth. The article ends with a discussion that suggests that the ‘non-inflation …
Persistent link: https://www.econbiz.de/10011139109
This article addresses the interconnections between two seemingly disparate worlds—the world of abstract economic analysis and the world of policy and politics, drawing on the author’s personal experience in the two worlds. A fundamental premise underlying the analysis is that it...
Persistent link: https://www.econbiz.de/10011139199
descriptor of asset prices in the Indian context. To overcome the problem of multicollinearity among the macroeconomic … explanatory variables, a factor analysis was carried out that resulted in two factors namely the inflation factor and the market …
Persistent link: https://www.econbiz.de/10011139697
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 …
Persistent link: https://www.econbiz.de/10011139771
We study the effect of inflation on the wage dispersions due to firm heterogeneity and on-the-job search, in the …. The productivity distribution of firms is firstly assumed to be exogenously given and we find that a rise of inflation … rise in inflation can makes firms' productivity less dispersed by driving the least productive firms not profitable and …
Persistent link: https://www.econbiz.de/10011141001
This study set out to investigate whether it is possible to simultaneously achieve internal and external economic stability objectives and to examine the impact of economic stability on economic growth. A model of simultaneous relation was formulated and identified. Data covering 1970 –...
Persistent link: https://www.econbiz.de/10011141050
rounds of QE provided a significant boost to both growth and inflation in the USA and UK, whilst the evidence on the impact … policies to generate a material revival in bank lending. Meanwhile, fears that QE would fuel a sharp acceleration in inflation …
Persistent link: https://www.econbiz.de/10011141074
conclusion is that an increase in inflation targets gives rise to additional welfare costs, even after the extra room to maneuver … additional welfare costs of raising inflation targets from 2 to 4 percent are estimated at about 0.3 percent of annual real … yield welfare costs as high as 7 (respectively 30) percent of real income for raising inflation targets from 2 to 4 …
Persistent link: https://www.econbiz.de/10011141999