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some countries, inflation was the main enemy of economic progress. The effects of this phenomenon are largely dependent on … been a significant decline in inflation in both developed and developing countries, as well as increasing commitment of … monetary authorities in obtaining the lowest rates of inflation. This article aims to analyze the pillars of direct inflation …
Persistent link: https://www.econbiz.de/10010781495
We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the … robust for different estimators and financial development measures-suggest that inflation presented deleterious effects on … Brazil by high rates of inflation, have detrimental effects to financial development, a variable that is important for …
Persistent link: https://www.econbiz.de/10010265091
We examine the impact of inflation on financial development in Brazil and the data available permit us to cover the … robust for different estimators and financial development measures?suggest that inflation presented deleterious effects on … Brazil by high rates of inflation, have detrimental effects to financial development, a variable that is important for …
Persistent link: https://www.econbiz.de/10010296015
are clearly present and explain around 24% of inflation differentials vis-à-vis the euro area (about 1.2 percentage points … total domestic inflation... …
Persistent link: https://www.econbiz.de/10009248809
estate, as well as the costs of public goods to develop alternative inflation measures in Germany since the introduction of … the euro. Real economic growth as well as median wage developments are reexamined in light of the alternative inflation …
Persistent link: https://www.econbiz.de/10012314870
well with mainstream economics. According to standard theory, there is a trade off between low inflation and high economic …’s take a look at what the theory of capital as power has to say about the causes of inflation. …In my last post, I looked at the relation between economic growth and inflation. As per usual, the evidence didn’t sit …
Persistent link: https://www.econbiz.de/10013500786
only a limited role for inflation and real exchange rate determination, and it seems to be roughly in line with earlier …
Persistent link: https://www.econbiz.de/10005000702
The empirical evidence suggests that there is a significant, negative relationship between inflation and economic … monetary growth model with an explicit credit service sector to explain the observed magnitude. Since credit services are … assumed costly to produce, the consumers equate the opportunity cost of holding money with the marginal cost of credit …
Persistent link: https://www.econbiz.de/10005764272
In this paper we investigate the role of poor macroeconomic per- formance, in terms of high rates of inflation, in … novel panel time-series analy- sis, confirm the anecdotal evidence which suggests that inflation has had a detrimental … effect to growth in the region. All in all, we high- light the costs that inflation has had on economic activity, and also …
Persistent link: https://www.econbiz.de/10008486899
This working paper examines the question of whether inflation targeting monetary policy is an appropriate framework for … sub-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the … regime, and summarizes some major critiques. Monetary policy responses to inflation depend on the source of inflationary …
Persistent link: https://www.econbiz.de/10008464035