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We construct a dynamic equilibrium model where there is costly search in the goods market and the labor market. Incorporating shocks to money growth and productivity, we calibrate the model to the US time series data to examine the model's quantitative predictions on aggregate variables and, in...
Persistent link: https://www.econbiz.de/10005572552
inflation rates affect mainly low income groups. Apparently, the Rose Revolution of 2003 did not lead to an attenuation of …
Persistent link: https://www.econbiz.de/10005572724
Persistent link: https://www.econbiz.de/10005574247
Persistent link: https://www.econbiz.de/10005574313
on inflation and based on these determinations to present the developments observed in the Romanian economy. Inflationary … generated by disfunction of macroeconomic variables. In this context we focus on how the unit cost of labor affects inflation …
Persistent link: https://www.econbiz.de/10008556695
inflation or to create conditions for economic growth (including ensuring stability in their financial and bank systems). The …
Persistent link: https://www.econbiz.de/10008556891
the course of the monetary aggregates seems to be endogenous as to the course of the inflation. Moreover, impulse …
Persistent link: https://www.econbiz.de/10008557086
In this paper we study the theoretical plausibility of the conjecture that inflation arises because imperfectly … inflation transmission. We compare these measures in several models of ICM and in perfectly competitive markets (PCM in the … seque!). In each case we find a necessary and sufficient condition for an ICM to transmit more inflation -according to the …
Persistent link: https://www.econbiz.de/10008557116
negative relations between asset returns and inflation are addressed. The generalized impulse response functions are adopted … negative relationship between stock prices and inflation. The level of real economic activity affects stock prices positively …
Persistent link: https://www.econbiz.de/10008642427
We use a general equilibrium model of a monetary economy to understand the economics behind the correlation between in nation and oil futures returns. Oil is used as both, an input to the production of capital and as a consumption good. We estimate our model using maximum likelihood with the...
Persistent link: https://www.econbiz.de/10008642618