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inflation rates mainly to make up for, and to perhaps exploit, lagging internal and external liberalization in their economies … changes in institutions, suggest that incentives may be diminishing, but not to the point where inflation levels below 5 … inflation, and enhancements to central bank independence could help shield these central banks from pressures …
Persistent link: https://www.econbiz.de/10014399697
Sudanese inflation dramatically fell in 2000. But just prior to the sharp decline, an export ban was placed on Sudanese … value. In the long run, livestock exports are positively associated with nonfood inflation. In the short run, food price …
Persistent link: https://www.econbiz.de/10014399706
This paper reexamines the issue of the existence of threshold effects in the relationship between inflation and growth … inflation above which inflation significantly slows growth is estimated at 1–3 percent for industrial countries and 7–11 percent … for developing countries. The negative and significant relationship between inflation and growth, for inflation rates …
Persistent link: https://www.econbiz.de/10014399787
, robust measures of central tendency are likely to outperform the mean or standard measures of “core” inflation as indicators … of generalized inflation. The analysis also supports the use of geometric averaging in CPI construction and the targeting … of the geometric mean inflation rate rather than the Laspeyres mean …
Persistent link: https://www.econbiz.de/10014399788
Identifying determinants of the output-inflation tradeoff has long been a key issue in business cycle research. We … provide evidence that in countries with greater restrictions on capital mobility, a given reduction in the inflation rate is … Arrangements and Exchange Restrictions. Estimates of the output-inflation tradeoff are taken from previous studies, viz., Lucas …
Persistent link: https://www.econbiz.de/10014399789
implication of the model is a nonlinear relationship between the rate of inflation and the choice of regime for the next period … regime, followed by a gradual introduction of more flexibility as inflation subsides. A series of regressions on a sample of …
Persistent link: https://www.econbiz.de/10014399840
We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and inflation persistence … striking result is not true with high degrees of inflation persistence. Secondly, we show that optimal fiscal policy is more … active under discretion than commitment at all degrees of inflation persistence and all levels of debt …
Persistent link: https://www.econbiz.de/10014399841
regarding the strength of international transmission of inflation. This paper uses a number of econometric techniques to assess … the extent of the link between inflation rates between China and the United States and Japan. It finds only limited … empirical evidence at the aggregate level for consumer price inflation in China leading to price changes in the United States …
Persistent link: https://www.econbiz.de/10014399891
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10014399915
This study establishes a framework for analyzing the major determinants of inflation in the Islamic Republic of Iran …, and goods. Results strongly support the need for a sustained prudent monetary policy in order to reduce inflation and … inflation that, in turn, intensifies asset substitution (from money to foreign exchange), thereby weakening real demand for …
Persistent link: https://www.econbiz.de/10014399945