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, control of inflation and control over the growth of national wealth, and a third outcome of importance, a high level of …). The assignment problem considers whether fiscal policy should be used to control inflation, leaving monetary policy to …
Persistent link: https://www.econbiz.de/10005497740
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This paper explores the interaction of monetary and fiscal regimes and discrete policy shifts in the Australian Economy.
Persistent link: https://www.econbiz.de/10004977268
new conventional wisdom concerning the fiscal roots of inflation and the budgetary prerequisites for generating and … yields ambiguous predictions concerning the response of inflation to an increase in the fundamental deficit. In addition the …
Persistent link: https://www.econbiz.de/10005666524
natural rate of unemployment. In addition, because of differential inflation across countries, real exchange rates become …
Persistent link: https://www.econbiz.de/10005666792
Cross-country evidence on inflation and inequality suggests that they are positively correlated. I explore the …
Persistent link: https://www.econbiz.de/10005792380
The U.S recession of 2007 to 2009 is unique in the post-World-War-II experience by the broad company it kept. Activity contracted around the world, with the advanced countries of the North experiencing declines in spending normally the purview of the developing economies of the South. The last...
Persistent link: https://www.econbiz.de/10008468628
This paper considers the existence of a path of GDP corresponding to steady inflation in the prices of domestic goods …. We estimate the steady inflation rate of growth, denoted the SIRG, at a little over 4 per cent per annum in the post …-float period. Changes in inflation are modelled as a nonlinear combination of growth and changes in import price inflation. Because …
Persistent link: https://www.econbiz.de/10004971376
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pronounced increase of aggregate US producer price inflation. …
Persistent link: https://www.econbiz.de/10011145441