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depreciation, inflation and output growth in Mexico using a multivariate GARCH-in-mean model (MGARCH-M). The study is performed … growth. Similarly no support is found for the hypotheses that inflation uncertainty affects output growth negatively and … increases the mean of inflation. The empirical evidence also suggests that output growth uncertainty is not related to the …
Persistent link: https://www.econbiz.de/10010699624
This study analyzes the effects of inflation on the long-run nexus between unemployment and economic growth. We … model with matching frictions in the labor market. Given the CIA constraint on R&D, a higher inflation that raises the …-market tightness and increases unemployment. In summary, the model predicts a positive relationship between inflation and unemployment …
Persistent link: https://www.econbiz.de/10010699652
L'objet de cet article est de proposer une lecture de l'évolution des faits et des idées économiques, dans la perspective de montrer que les vieilles idées resurgissent sous de nouveaux atours, au point d’en cacher les lacunes et de rendre les crises, non seulement, difficiles à prévoir,...
Persistent link: https://www.econbiz.de/10010699885
causes the inflation rate and inflation volatility to decline. More monetary independence does not affect inflation, growth …
Persistent link: https://www.econbiz.de/10010700698
volatility) can have adverse effects on real output, through excessively high and persistent levels of inflation. Lack of … have also become a drag on real output. In order to promote growth, policies should be devised to control inflation; to …
Persistent link: https://www.econbiz.de/10010700918
Persistent link: https://www.econbiz.de/10010701428
A currency board combines three elements: a fixed exchange rate between a country’s currency and an “anchor currency,” automatic convertibility, and a long-term commitment to the system, often made explicit in the central bank law. The main reason for countries to consider a currency board...
Persistent link: https://www.econbiz.de/10010701741
Keynes's vigilant approach to infl ation and argues that the inflation of the 1970s was connected with liberalisation not … Keynes. The loss of the central role for investment and the pre-occupation with inflation in post-Keynesian economics is …
Persistent link: https://www.econbiz.de/10010701852
situation regarding the inflation rate, unemployment rate, small and medium enterprises sector. …
Persistent link: https://www.econbiz.de/10010632146
policy reliable? will the inflation bubble explode? In this article we apply an econometric model using the Eviews software … in order to illustrate that the increase in money supply will eventually lead to inflation. This analysis is the basis to … be followed up in the future if this co-dependence relationship between money supply and inflation continues. It would …
Persistent link: https://www.econbiz.de/10010632295