Search Results - subject:"PRICE LEVEL"

Modeling monopoly money: government as the source of the price level and unemployment

Levey, Sam - 2021

. In this paper I interrogate the plausibility of two claims: 1) MMT's theory of the price level - that the price level is …

Persistent link: https://www.econbiz.de/10012609353

Construction of an aggregated economy : aggregated TFP and price level

Doi, Junko; Fujii, Takao; Horie, Shinya; Iritani, Jun; … - 2021

Persistent link: https://www.econbiz.de/10012616118

Consumers' updating, policy shocks and public debt : an empirical assessment of state dependencies

Geiger, Martin; Zachariadis, Marios - 2021

In dieser Studie werden die Effekte von Geld- und Fiskalpolitik auf Konsumentenerwartungen in Szenarien von hohem und niedrigem öffentlichen Schuldenstand empirisch untersucht. In Reaktion auf einen Anstieg der Staatsausgaben steigen Konsumpläne bei niedrigem, fallen jedoch bei hohem...

Persistent link: https://www.econbiz.de/10012806623

Timely measurement of real effective exchange rates

Darvas, Zsolt M. - 2021

level data instead of actual price level data hardly changes the conclusions on unit roots and forecasting. By combining … forecasting with the real exchange rate, we find that using a version of real exchange rates based on approximated monthly price …

Persistent link: https://www.econbiz.de/10013184685

The Divergence of Price Levels in the European Union

Maurer, Rainer - In: Intereconomics 58 (2023) 6, pp. 342-346

trend towards price level convergence; that is, countries with lowerprice levels tended to have higher inflation rates than …

Persistent link: https://www.econbiz.de/10014459458

Gambling to preserve price (and fiscal) stability

Corsetti, Giancarlo; Maćkowiak, Bartosz - 2023

, preserving price and fiscal stability, or fail, leading to a delayed, possibly large jump in the price level. The resulting …

Persistent link: https://www.econbiz.de/10014476338

The first practical guide to inflation targeting

Jonung, Lars - 2023

policy should be to stabilize the domestic purchasing power of the Swedish currency, the krona. With this step, price level …

Persistent link: https://www.econbiz.de/10014551682

Passive monetary policy and active fiscal policy in a monetary union

Maćkowiak, Bartosz; Schmidt, Sebastian - 2023

How is the price level determined in a monetary union when the common monetary policy pegs the nominal interest rate …? How are the price levels in the member countries determined? We extend the fiscal theory of the price level to the case of … a heterogenous monetary union. Price level determinacy follows if fiscal policy at the level of the union as a whole is …

Persistent link: https://www.econbiz.de/10014374469

Was tun, wenn der (Gas-)Markt kollabiert?

Ockenfels, Axel; Wambach, Achim - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 103 (2023) 1, pp. 29-32

Ein Versagen des Preismechanismus im Gasmarkt ist nicht ausgeschlossen. Der Beitrag erläutert, wie es zu einem Marktzusammenbruch kommen kann und welche Auswirkungen bereits die Möglichkeit eines Marktkollapses haben kann. Es wird gezeigt, welche Elemente ein ökonomisches Regelwerk im...

Persistent link: https://www.econbiz.de/10013534305

Wealth and shifting demand pressures on the price level in England after the Black Death

Edo, Anthony; Mélitz, Jacques - In: Cliometrica : journal of historical economics and … 17 (2023) 1, pp. 91-124

Persistent link: https://www.econbiz.de/10013549194