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Wage trends and deflation risks in Germany and Europe

Truger, Achim; Schulten, Thorsten; Hein, Eckhard - 2004

Based on a post-Keynesian model of the relationship between wages, prices and employment, this paper begins by studying the extent to which unit labour cost trends have been responsible for disinflation and deflationary tendencies in Germany and Europe. Thereafter, the reasons for the...

Persistent link: https://www.econbiz.de/10010296098

Wage trends and deflation risks in Germany and Europe

Truger, Achim; Schulten, Thorsten; Hein, Eckhard - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2004

Persistent link: https://www.econbiz.de/10009327960

A ‘Second-Best’ Rationale to Deflationary Monetary Policy in Japan

Cargill, Thomas F.; Guerrero, Federico - Economics Department, University of Nevada-Reno; … - 2006

The Bank of Japan permitted a ten-year period of deflation (1995-2005) which appears to have ended in 2006. The … deflation, as well as the preceding disinflation, adversely affected the financial and real sectors of the economy that in turn … offered to account for the deflation period. This paper offers a second-best explanation based on a two-player policy game …

Persistent link: https://www.econbiz.de/10005426906

Should we be Afraid of Friedman's Rule?

Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 2000

Persistent link: https://www.econbiz.de/10011092640

Inflation targeting and the anchoring of inflation expectations: cross-country evidence from consensus forecasts

Davis, Jonathan Scott; Presno, Ignacio - Federal Reserve Bank of Dallas - 2014

Using survey data of inflation expectations across a 36 developed and developing countries, this paper examines whether the adoption of inflation targeting has helped to anchor inflation expectations. We examine the response of inflation expectations following a shock to inflation, inflation...

Persistent link: https://www.econbiz.de/10010772603

In Defense of the Euro: Austrian School Approach (comment)

A. Rakviashvili. - In: VOPROSY ECONOMIKI 3 (2013)

The article critically analyzes theoretical arguments in favor of gold standard, the euro and fixed exchange rates that were set out in the article of H. Huerta de Soto ‘In Defense of the Euro: Austrian School Approach’ (Voprosy Ekonomiki. 2012. No 11). Monetary systems alternative to the...

Persistent link: https://www.econbiz.de/10010860852