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the driving forces of inflation in Albania through combining several approaches, focusing especially on the developments … of inflation such as: cereals, food, non-food, and headline inflation, it analysis the effects of domestic and foreign … factors on inflation, using a vector error correction model (VECM), which allows to capture both the short-term and long …
Persistent link: https://www.econbiz.de/10015269832
that generate unacceptable levels of inflation. …
Persistent link: https://www.econbiz.de/10015214329
The inflation-growth relationship for the inflation targeters is estimated for the period 2001-2006. The results show … that inflation is negatively correlated with economic growth, while the indicators for aggregate demand and aggregate … fruitful than a singular focus on inflation targeting. This conclusion is applicable to the case of the Philippines, where …
Persistent link: https://www.econbiz.de/10015215283
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/10015217684
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/10015221569
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/10015229061
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/10015231979
We explore several unaddressed issues in George Selgin’s (1988) claim that the best monetary system to maintain monetary equilibrium is a fractional reserve free banking one. The claim that adverse clearing balances would limit credit expansion in a fractional reserve free banking system is...
Persistent link: https://www.econbiz.de/10015256313
-curve” phenomenon. Additionally, Morocco entered into a period of deeper and longer recession and higher inflation following the dirham …
Persistent link: https://www.econbiz.de/10015258020
We re-assess Blanchard-Kiyotaki (1987). We conclude that there are multiple equilibria even under the flexible-price Blanchard-Kiyotaki model, and that the model only obtains equilibrium uniqueness through the symmetry condition that is partially justified only when there are infinitely many...
Persistent link: https://www.econbiz.de/10015265605