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The mass media frequently accuse official statistics of underestimating the inflation rate (consumer price index – CPI) by half to two-thirds. This paper analyzes potential sources of distortion of the official CPI, concluding that systematic errors causing underestimating are absent, and...
Persistent link: https://www.econbiz.de/10015248408
The mass media frequently accuse official statistics of underestimating the inflation rate (consumer price index – CPI) by half to two-thirds. This paper analyzes potential sources of distortion of the official CPI, concluding that systematic errors causing underestimating are absent, and...
Persistent link: https://www.econbiz.de/10015249513
interpreted by the sociological theory is therefore discerned to arise under a particular production kind and so is that of …
Persistent link: https://www.econbiz.de/10015250270
We estimate a dynamic stochastic general equilibrium model that allows for regimes Markov switching (MS-DSGE). Existing MS-DSGE papers for the United States focus on changes in monetary policy or shocks volatility, contributing the debate on the Great Moderation and/or Volcker disinflation....
Persistent link: https://www.econbiz.de/10015251513
This article has two objectives: to study the 1997 episode of hyperinflation in Bulgaria and to compare and contrast this analysis with the post-Keynesian theoretical approach. This approach highlights the role of three components observed simultaneously in order to understand the emergence of...
Persistent link: https://www.econbiz.de/10015254555
There is a widespread opinion that goods, especially foods, and services in Russia are very cheap as compared to the US. A number of Russian statistical indicators characterizing the cost of living, either directly or indirectly, seemingly corroborate this opinion. This paper demonstrates that...
Persistent link: https://www.econbiz.de/10015215596
economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper … attempts to fill this gap by answering how and to what extent oil-price shocks impact China’s economy, emphasizing on the price … differentiated price control policies for materials and intermediates on the one hand and final products on the other hand in China …
Persistent link: https://www.econbiz.de/10015216538
Nowadays, many construction engineering and technology enterprises are evolving to find that prosperity is driven and inspired by an open economy with dynamic markets and fierce multifaceted competition. Besides brand and product uniqueness, the ability to quickly provide customers with quotes...
Persistent link: https://www.econbiz.de/10015221639
The study analyzes price level in Azerbaijan economy over the period of 2000-2007 by employing a specific approach. The paper concludes that price increases caused by a resource boom differs from the price increases generated by a non-booming economy. Thereby, inflation mainly caused by resource...
Persistent link: https://www.econbiz.de/10015226020
In the study conducted comparative analyses by constructing “Equilibrium prices” models based on intersectorial balance tables of production and distribution of goods and services for 2001 and 2006 in Azerbaijan economy.
Persistent link: https://www.econbiz.de/10015226026