and current account rebalance and low inflation as the main consequences. Our main results are the following: a) public … consumption and inflation thresholds are estimated; and e) Germany successfully passed through the European recession by sharply …

The robust performance of U.S. labor productivity (LP) early in the recovery from the Great Recession contrasts … interest in understanding why productivity has become much less procyclical in recent decades. This is an important topic … because the cyclicality of productivity has implications for how we model business cycles, and our understanding of how they …

. Several theories of inflation theory are reviewed, with focus on the agencies causing inflation. A rediscovery of Marxian … inflation theory is proposed. …

reciprocal relationship. The variable considered are: unemployment, inflation, consumptions, investments and current accounts. We … consumption, imports and corrent account, i) we show why a stable and growing inflation differential is not sustainable, but argue … that internal devalution is not an effective policy, pushing inflation rates to a worrisome lower level and even outright …

movements in aggregate output and inflation in response to a nominal shock. Two modifications of a standard one-quarter pre …, simulations based on estimated shocks to tfp and money growth suggest both output and inflation are too volatile relative to the …