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-price shocks from spreading into its domestic inflation, especially in the short term. However, in order to strengthen the economy …
Persistent link: https://www.econbiz.de/10010703091
inflation, especially in the short term. However, in order to strengthen the economy’s resilience to oil-price shocks, the paper …
Persistent link: https://www.econbiz.de/10009002686
Theoretical considerations suggest that as market institutions are developing in Russian regions, the divergence of regional consumer price levels, which has been caused by the price liberalization of 1992, should give way to price level convergence. Using price dynamics data (overall consumer...
Persistent link: https://www.econbiz.de/10005519020
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
The original Keynesian paradigm differs from the Neoclassical Synthesis and even more so from the New-Keynesian approach. In this paper, a modern framework for the original Keynesian paradigm is presented. It will highlight the key elements of the paradigm. A model is developed to determine...
Persistent link: https://www.econbiz.de/10009756278
Persistent link: https://www.econbiz.de/10014334676
increase according to trends in productivity and the target inflation rate of the central bank. Wage developments without …
Persistent link: https://www.econbiz.de/10014582674
The return of persistent inflation in OECD countries has been the most significant macroeconomic phenomenon in recent … maintain their levels of profitability in each of the European economies analysed, confirming that inflation hikes were led by … surging profits. This implies that the introduction or strengthening of price controls would help to rapidly bring inflation …
Persistent link: https://www.econbiz.de/10014550855
precedents and proposals have included austerity, haircuts and the generation of inflation. Each way has advantages and …, hyperinflation in Germany after World War I, inflation in Argentina since the 1980s, currency reform in Germany after WW II, and …
Persistent link: https://www.econbiz.de/10012582141
This paper presents estimates for Brazilian inflation during the 2000s. The results of a structural model with two … endogenous variables - wage inflation and consumer inflation - indicate that: i) the demand indicator was not statistically … significant in the consumer inflation, but it was important to explain wage inflation; ii) variations in the exchange rate and in …
Persistent link: https://www.econbiz.de/10010330703