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Exchange rate-based stabilizations in chronic-inflation countries have often been characterized by an initial … explanation for such a boom-recession cycle based on the timing of purchases of durable goods. The initial fall in inflation …
Persistent link: https://www.econbiz.de/10014225182
Exchange rate-based stabilizations in chronic-inflation countries have often been characterized by an initial … explanation for such a boom-recession cycle based on the timing of purchases of durable goods. The initial fall in inflation …
Persistent link: https://www.econbiz.de/10014225184
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Over the past decade and a half Axel Leijonhufvud has written extensively on monetary regimes and their connection to nominal and real economic performance. Monetary regimes are important because they determine whether countries follow stable or unstable monetary policies and hence have stable...
Persistent link: https://www.econbiz.de/10011577057
Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …
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