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Political Science on June 4th. It starts by asking what factors have been behind the remarkable retreat of inflation that has …
Persistent link: https://www.econbiz.de/10005022254
During the 1970s and early 1980s, Spain suffered high rates of inflation but inflation declined and by 1997 inflation … had fallen to approximately 2 percent. To fight inflation, Spain implemented austere monetary programs, joined the EMS in … 1989, enacted central bank autonomy in 1994, and introduced inflation targets in January 1995. Certainly, these and other …
Persistent link: https://www.econbiz.de/10005155248
bank independence and measures of persistence, and then we compare them with inflation performance in OECD countries. Our … of inflation. …
Persistent link: https://www.econbiz.de/10005022245
This paper looks at the long term output effect of those monetary policies aimed at reducing inflation from its peak by …. Alternatively to the cross-country regression analysis we estimate a structural VAR model in output, inflation and unemployment. …
Persistent link: https://www.econbiz.de/10005590708
This paper develops and estimates a game-theoretical model of inflation targeting where the central banker …
Persistent link: https://www.econbiz.de/10005155218
and its implications for US output, hours and inflation. Second we evaluate the extent to which that responses can be …
Persistent link: https://www.econbiz.de/10005590706
stable rates inflation in many countries in the nineties. Consequently, the main goal of this paper is to offer an overview … of the main policy issues arising in a low inflation environment and their practical relevance so as to identify the main …
Persistent link: https://www.econbiz.de/10005155235
Emerging economies with inflation targets (IT) face a dilemma between fulfilling the theoretical conditions of "strict …
Persistent link: https://www.econbiz.de/10008914185
Inflation has fallen dramatically in countries like Spain and Italy over the last decade, but the rate of increase in … productivity trends for the consistency of the Maastricht convergence criteria an for the differences in nation inflation rates …
Persistent link: https://www.econbiz.de/10005590705
In this paper we consider that the relationship between nominal exchange rate and prices depends on the nature of the shocks impacting the economy. In order to identify the sources of nominal exchange rate and relative price fluctuations in Spain we impose long-run restrictions on the dynamics...
Persistent link: https://www.econbiz.de/10005155304