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The Phillips curve is fifty years old. Since Phillips (1958)'s original contribution this econometric relationship has undergone many criticisms and evolutions. The Phillips curve yet remains a fundamental tool for inflation forecasting and monetary policy analysis. This paper reviews the...
Persistent link: https://www.econbiz.de/10015213587
This article traces the evolution of the Post-Keynesian school in France since the mid-1970s. Starting out … inauspiciously from a Keynesian tradition of little influence, the school’s growth was slowed by strong competition from other … this, some momentum has been built up in France since 2000s. Today, the French Post-Keynesian school is well structured …
Persistent link: https://www.econbiz.de/10015214819
Over the past four decades, developing countries have not been immune to international financial changes. Today, the destabilizing effects of financial liberalization are affecting even developed economies. This paper reviews the theoretical foundations and the different relationships between...
Persistent link: https://www.econbiz.de/10015215037
This article analyzes the process by which the monetary policy influences economies of the six countries of the Economic and Monetary Community of Central Africa (CEMAC) during the period 1980-2008. After having identified the channels of interest rate, credit and currency, we show that the...
Persistent link: https://www.econbiz.de/10015223774
This article analyzes the process by which the monetary policy influences economies of the six countries of the Economic and Monetary Community of Central Africa (CEMAC) during the period 1980-2008. After having identified the channels of interest rate, credit and currency, we show that the...
Persistent link: https://www.econbiz.de/10015223816
In this paper, it is necessary to establish the degree of surevaluation and volatility of real exchange rate and measure the impact of these distortions in the macroeconomic performance of the WAEMU countries. According to our analysis it appears that the overvaluation and volatility of the TCR...
Persistent link: https://www.econbiz.de/10015224745
The aim of this paper is to examine the impact of Information and Communication Technologies (ICT) on the growth of developping countries and especially on the Tunisian economy. The first part of the article summerizes the relationship between growth, productivity and ICT. We show that under...
Persistent link: https://www.econbiz.de/10015224779
This paper intend to keep some lessons from the recent crisis for the monetary and fiscal stabilization policies. We develop six propositions about these policies : The monetary policy may be wrongly orientated before a crisis ; The non-orthodox monetary actions are effective but dangerous; The...
Persistent link: https://www.econbiz.de/10015227069
Ragnar Frisch wrote in 1933 that "The complete macrodynamic problem, as I conceive of it, consists in describing as realistically as possible the kind of relations that exist between the various magnitudes in the Tableau Economique ., and from the nature of these relations to explain the...
Persistent link: https://www.econbiz.de/10015229161
This study consists of examining the effects of inflation on unemployment in Cameroon. Beginning from the hypothesis which says inflation has a negative effect on unemployment, the Philips curve model was chosen to verify this hypothesis. From the results of this study, the anticipation errors...
Persistent link: https://www.econbiz.de/10015229888