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This paper is focused on Modern Monetary Theory's (MMT) treatment of inflation from an open economy perspective. It … facing an inflation-unemployment trade-off. … analyzes how the inflation process is explained within the MMT framework and provides empirical evidence in support of this …
Persistent link: https://www.econbiz.de/10012291955
This paper is focused on Modern Monetary Theory’s (MMT) treatment of inflation from an open economy perspective. It … facing an inflation-unemployment trade-off … analyzes how the inflation process is explained within the MMT framework and provides empirical evidence in support of this …
Persistent link: https://www.econbiz.de/10014093223
The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two … demand, growth, trade balance, and inflation are generally ambiguous and highly contingent on the parameter constellation of …
Persistent link: https://www.econbiz.de/10015050162
This paper is focused on modern monetary theory's (MMT) treatment of inflation from an open-economy perspective. It … facing an inflation-unemployment trade-off. … analyses how the inflation process is explained within the MMT framework and provides empirical evidence in support of this …
Persistent link: https://www.econbiz.de/10014441471
Post Keynesian theory as opposed to Walrasian theory does not provide the foundations for a unique general equilibrium … participation theory of economic policy based on market constellations may help to bridge the gap between nomocratic policy denial …
Persistent link: https://www.econbiz.de/10003377631
and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …
Persistent link: https://www.econbiz.de/10011300631
This paper is focused on Modern Monetary Theory's (MMT) treatment of inflation from an open economy perspective. It … facing an inflation-unemployment trade-off. … analyzes how the inflation process is explained within the MMT framework and provides empirical evidence in support of this …
Persistent link: https://www.econbiz.de/10012610201
inflation. Furthermore, home bias in households' preferences allows for real exchange rate fluctuation, giving rise to …
Persistent link: https://www.econbiz.de/10012038711
This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …
Persistent link: https://www.econbiz.de/10012954770
Persistent link: https://www.econbiz.de/10012991125