In December the pre-Christmas growth in foodstuffs prices and in transport tariffs provoked acceleration of inflation, which made 0.5% within the month (against 0.4% in December 2011). As a result, by the end of 2012 the inflation rate made 6.6%, having matched the recent official forecast of...

Significant slowdown in the growth rate in prices for non-food goods and maintained prices for commercial services at the level of the preceding month resulted in the fact, that the baseline inflation slowed down from 0.5 % per month in October to 0.3% in November (against 0.4% in November...

Corona virus episode became first revealed in Wuhan, China on 31 December, 2019. Previous to perusing in perception regarding the impact, first, let us concentrate about corona virus. Corona virus (CoV) is a large group of infections that reasons sickness. It levels from the primary virus to...

As it is becoming clear that climate change will exert a major impact on inflation, economic growth, and financial system stability, central banks and financial regulators have increasingly recognized that they can no longer ignore climate change and other environmental issues. In general,...

Lima and Setterfield (2008) showed that it is possible to make inflation targeting compatible with an essentially Post Keynesian economy, yet they considered the process of expectations formation with exogenous credibility. This work reconstructs all of the Lima and Setterfield models,...

This paper examines the compatibility of inflation targeting with an economy that is Post Keynesian in character. We show that in a Post Keynesian environment, policymakers can both set and achieve an inflation target without adverse consequences for the real economy, as long as an appropriate...

The corporate governance problem of state enterprises in former socialist economies can give rise to excessive wage claims and/or capital decumulation. This paper focuses on these problems, highlighting the dynamic links between wage behavior, the fiscal deficit, inflation and the capital stock....