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's theory of exchange, I argue that producers of value incur incidental expropriation of wealth associated with the deflationary …
Persistent link: https://www.econbiz.de/10014090512
DSGE models based on New Keynesian principles, which have been extended to allow for banking, the zero lower bound on interest rates (ZLB), and varying price duration, can account well for recent macroeconomic behavior across a variety of economies. These models Önd that active Öscal policy...
Persistent link: https://www.econbiz.de/10014433366
taxation but suffers only part of the costs of union-wide inflation and higher interest rates, creating a tendency towards …
Persistent link: https://www.econbiz.de/10011434438
in inflation needed to stabilize the amount of Eurobonds issued in response to a large EA recession. National governments … benefits both high-debt and low-debt countries, generating a moderate increase in inflation that mitigates the recession and …
Persistent link: https://www.econbiz.de/10013387352
investigate whether the fiscal theory of the price level (FTPL) is able to deliver a reasonable explanation for the different … deliver a reasonable explanation for the differences in the pattern of inflation between the two countries. …
Persistent link: https://www.econbiz.de/10010263624
investigate whether the fiscal theory of the price level (FTPL) is able to deliver a reasonable explanation for the different … deliver a reasonable explanation for the differences in the pattern of inflation between the two countries. …
Persistent link: https://www.econbiz.de/10005652768
accounted for successful containment of inflation during the period 1980 to 2010. The analysis, which is based on cointegration … and error correction models (ECM) shows existence of a long-run relationship between inflation and its determinants. But … over the short-run period, budget deficits were an insignificant determinant of inflation in Tanzania. Empirical evidence …
Persistent link: https://www.econbiz.de/10013101067
theory whereas inflation is correlated with the budgetary formulation which depends on deficit financing factor that may …The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis … utilized to reflect the relations between financial policy and inflation. Thus, more lights are shed on the fact that the first …
Persistent link: https://www.econbiz.de/10013107752
about 50% of the Flemish; but by the 1480s, they had narrowed that gap (with much less inflation) to about 80%. That gap was …
Persistent link: https://www.econbiz.de/10005617005
produced here reveals cycles of inflation and deflation from the late 12th to early 16th century: with a sharp deflation before … the Black Death, an equally severe inflation for the quarter century following the Black Death, which was then followed by … both periods of inflation and of deflation, agricultural and industrial prices rose and fell together, if not necessarily …
Persistent link: https://www.econbiz.de/10010575181