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In October 2008 the main Hungarian public finance actors: the government, the National Bank of Hungary (MNB) and experts cited the high public debt and volume of unsecured foreign-currency loans as the main reasons for the economy’s vulnerability. On the other hand according to the formal...
Persistent link: https://www.econbiz.de/10011258999
effects of fiscal policy coordination on intermediate goals including budget deficits and inflation. It appears that a …
Persistent link: https://www.econbiz.de/10011113214
One of the two price indexation schemes in the staggered price DSGE models is the indexation to the average inflation …. In this essay we show that using average of inflation as index multiplier may lead to the deviation from the optimal … price for intermediate good producer. Although there is no problem with this indexation method as far as the inflation …
Persistent link: https://www.econbiz.de/10011110100
This paper intends to watch and teach the macroeconomic processes with a joint view on monetary policy. It endorses the main ideas expressed by the three equations model of the New Neo-Keynesian Synthesis and to which it adds one loanable funds equation.This widening to credit questions has...
Persistent link: https://www.econbiz.de/10011112158
Lotteries are introduced into Cavalcanti and Erosa (2008) [2], a version of Trejos and Wright (1995) [4] with aggregate shocks. Lotteries improve welfare and eliminate the two notable features of the optimum with deterministic trades: over-production and history-dependence. Moreover, the optimum...
Persistent link: https://www.econbiz.de/10011112794
This paper analyzes the transmission of inflation across the five largest economies in the European Monetary Union, i ….e. France, Germany, Italy, Netherlands and Spain. We use monthly CPI inflation rates for the period 1970-2006. Given the long … changes in inflation dynamics in these countries using univariate Markov-switching models. To assess the inflation …
Persistent link: https://www.econbiz.de/10005836128
Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...
Persistent link: https://www.econbiz.de/10008498497
Development of an economic situation last 20 years has passed in Latvia through various stages. Including - Post-Soviet re-structuring of demand and closing of industrial giants; development of the economy based on transit; development of craft manufacture, small enterprises and branch of...
Persistent link: https://www.econbiz.de/10009353535
Article introduces the notion of information money fields of the cyclic oscillations of the economic variables in the nonlinear dynamic economic system for the first time, and presents an original research on the Ledenyov theory on the information money fields of the cyclic oscillations of the...
Persistent link: https://www.econbiz.de/10011251895
Article introduces the notion of information money fields of the cyclic oscillations of the economic variables in the nonlinear dynamic economic system for the first time, and presents an original research on the Ledenyov theory on the information money fields of the cyclic oscillations of the...
Persistent link: https://www.econbiz.de/10011251900