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Persistent link: https://www.econbiz.de/10014529076
conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper … complemented by better exchange rate management (resulting in lower exchange rate and inflation volatility) and more fiscal …
Persistent link: https://www.econbiz.de/10013336273
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
into the greatest difficulties. While the rates of inflation are escalating in almost all countries, it is becoming …
Persistent link: https://www.econbiz.de/10011558054
Persistent link: https://www.econbiz.de/10011882443
Consistently Measured Sustainability Indicator -- Public Debt, Taylor Rules and Inflation Dynamics in an Overlapping Generations …
Persistent link: https://www.econbiz.de/10014368661
At our first meeting, ten years ago, we offered a medium-term strategy for ending inflation and restoring productive … growth to its long-term average. The rate of inflation for the previous three years was, then, about 5 1/2%. The average rate … disciplined, medium-term strategy to end inflation, inflation would rise and economic instability and unemployment would increase …
Persistent link: https://www.econbiz.de/10009482982
permanent inflation, initiated by a "liberal" Administration under President Johnson, was continued under three "conservative … Reagan was elected on his promise to cope with inflation and the increasing burden of government. We may reasonably believe … actually died, after some successes, already last year. There occurred one outstanding success. The reduction of inflation from …
Persistent link: https://www.econbiz.de/10009482983
strong growth in the current quarter as well. Though the inflation rate has bottomed out, it does not yet show any major … reacceleration. With unemployment declining in line with rapid output growth, the sum of the unemployment and inflation rates -- the … allowed their stimulus to become excessive, causing inflation to accelerate and ultimately creating the need for another round …
Persistent link: https://www.econbiz.de/10009482987
After several years of progressively higher deficit projections, recent reports Indicate that the budget imbalance in the next several years will not be as large as projected earlier and that the FY1984 unified budget deficit will be lower than FY1983 deficit. The budget outlook could be worse,...
Persistent link: https://www.econbiz.de/10009482990