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. Contemporary economics has a similar pet peeve; it does not know how to cure common inflation and deflation. The same way medicine … leaves the body’s immune system to deal with colds until a cure is found contemporary economics leaves inflation and … managing inflation works, what doesn’t work is that free markets systems based on a Monetarist model lack reliable growth and …
Persistent link: https://www.econbiz.de/10015223454
economics has a similar pet peeve; it does not know how to cure common inflation and deflation. The same way medicine leaves the … body’s immune system to deal with colds until a cure is found contemporary economics leaves inflation and deflation to … is what is referred to as free markets. Allowing free markets to set prices and act as a mechanism for managing inflation …
Persistent link: https://www.econbiz.de/10015223546
Against the backdrop of the move to an inflation targeting monetary policy framework beginning 2014 with consumer price … index (CPI) inflation as the nominal anchor, this paper revisits monetary transmission dynamics. Rather than confining to …
Persistent link: https://www.econbiz.de/10015261364
In this article we argue that asymmetric information can explain why seignorage is an inferior choice to debt for governments. We also argue that the Ricardian equivalence for governments is very similar to what the Modigliani-Miller proposition is for corporations. Our model is based on Bolton...
Persistent link: https://www.econbiz.de/10015261607
-oriented reform in policies and institutions, with the goals of restoring a sustainable balance of payments, reducing Inflation …
Persistent link: https://www.econbiz.de/10015216702
After focusing on fiscal indiscipline, the debate on the Eurozone crisis switched over persistent external imbalances among the European Monetary Union countries. Current account differentials were almost exclusively ascribed to the weak price competitiveness of deficit countries – neglecting...
Persistent link: https://www.econbiz.de/10015257353
The present paper firstly examines and comments the arguments proposed by Werner Sinn and Wollmershaeuser in their paper on Target loans, current account balances and capital flows: the ECB’s rescue facility. Secondly, this contribution suggests an alternative view for solving the crisis in...
Persistent link: https://www.econbiz.de/10015237674
The present paper firstly examines and comments the arguments proposed by Werner Sinn and Wollmershaeuser in their paper on Target loans, current account balances and capital flows: the ECB’s rescue facility. Secondly, this contribution suggests an alternative view for solving the crisis in...
Persistent link: https://www.econbiz.de/10015237682
After a preliminary focus on increasing government debts, the debate on the “Eurozone crisis” switched over persistent external imbalances - both trade and net foreign assets - among European Monetary Union country members. Endorsing a pure neoclassical view, current account differentials...
Persistent link: https://www.econbiz.de/10015254310
that generate unacceptable levels of inflation. …
Persistent link: https://www.econbiz.de/10015214329