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The recent spike in inflation, unprecedented in the history of the Economic and Monetary Union (EMU), has had major … effects of high inflation on fiscal accounts in the euro area. Relying on the wealth of expertise in the Eurosystem - within … overall positive effects of inflation on fiscal accounts. Indeed, the simulations point to adverse effects from the recent …
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. However, this economy has faced galloping inflation in recent years. So the Vietnamese experience is a valuable reference for …. Besides, the variance decomposition and impulse response function also show that the impact of these policies on inflation is … clear, however, the fiscal policy more strongly affects inflation than the monetary policy. Finally, the Granger causality …
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Modern monetary theory (MMT) has grown in popularity in recent years. Several central bankers have made passing comments about it. However, the publication of two papers by Drumetz/Pfister of the Banque de France in 2021 represents the first attempt at a more systematic assessment of MMT by two...
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) inflation to stimulating economic growth might yield more favorable economic results and what best world practices should be … interest rates, GDP, and inflation, all problems of economic growth could be solved. By increasing the amount of money faster …
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