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in the post-revolutionary period. In this context international factors and conditions, dictated by world economy, are …
Persistent link: https://www.econbiz.de/10009467018
small open economy and one emerging economy, the Ramsey solution for the optimal monetary and fiscal policy is computed … optimal policy for a developed small open economy. For both economies, inflation is low, but very volatile, while taxes follow …
Persistent link: https://www.econbiz.de/10009475440
A high inflation rate is the main obstacle prohibiting euro lead into the state, that‘s why the inflation theme is the urgent one. We analyzed the inflation not only from the economic perspective, but from the legal side too. The changes of property forms, legal tends, extent of inflation,...
Persistent link: https://www.econbiz.de/10009478992
We show that several shocks identifi ed without restrictions from a model, and frequently used in the empirical literature, display some persistence. We demonstrate that the two leading methods to recover impulse responses to shocks (moving average representations and local projections) treat...
Persistent link: https://www.econbiz.de/10012523677
Este documento describe los principales canales de transmisión de los efectos desbordamiento (spillovers) de las políticas fiscales nacionales a otros países de la zona del euro y analiza su magnitud utilizando diferentes modelos. En el contexto de la Unión Económica y Monetaria (UEM), los...
Persistent link: https://www.econbiz.de/10012524802
Event: Presentation of the Annual Report 2021. Organized by: Banco de España
Persistent link: https://www.econbiz.de/10013205927
) - is an econometric model of the structure of the US economy. LITM integrates two separate models into one integrated …, and the Interindustry Model, an endogenous coefficient input-output model of the structure of the economy incorporating … economy. Applications of LITM have, therefore, focused on energy, the effect of energy changes on the economy, and the effect …
Persistent link: https://www.econbiz.de/10009435835
Is inflation targeting an appropriate framework for monetary policy? Experience from the inflation-targeting countries countries are optimistic about inflation targeting as a monetary-policy framework. South Africa is also following this trend.The international literature review of the topic...
Persistent link: https://www.econbiz.de/10009457851
The purpose of this thesis is to argue that the core of a monetary economy is a network of triangular contracts between … processes of this economy.The features of the monetary production economy we analyse are in contrast to the mainstream … proposition that the economy as a whole is rendered coherent by the existence of a unique and stable equilibrium determined by the …
Persistent link: https://www.econbiz.de/10009465939
The Energy Information Administration (EIA) uses models of the US economy developed by Data Resources, Inc. (DRI) for … Model of the US Economy and the DRI Personal Computer Input-Output Model (PC-IO){sup 2} were developed and are maintained by … forecast accuracy of the DRI Model of the US Economy. …
Persistent link: https://www.econbiz.de/10009435959