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Digitalisation can be viewed as a major supply/technology shock affecting macroeconomic aggregates that are important for monetary policy, such as output, productivity, investment, employment and prices. This paper takes stock of developments in the digital economy and their possible impacts...
Persistent link: https://www.econbiz.de/10012521148
Despite significant economic reforms in many Southern Mediterranean EU neighbour countries, their growth performance … has on average been subdued. This study analyses the differences in growth performance and macroeconomic stability across … inflation under control, which will depend in great part on their ability to maintain fiscal discipline and sustainable current …
Persistent link: https://www.econbiz.de/10011430893
It is widely believed that price stability promote long-term economic growth, whereas high inflation is inimical to … above it, the magnitude of the negative effect of inflation on growth was high. The negative and significant relationship … between inflation and economic growth for inflation rates both below and above the threshold level is robust with respect to …
Persistent link: https://www.econbiz.de/10011482569
This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth …. Reinforcing the literature on finance and growth, this study reaffirms that inflation rates are detrimental to long-run financial … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed …
Persistent link: https://www.econbiz.de/10010500573
"harmful inflation" regime for higher nominal GDP growth rates, these results have strong implications for guiding recent …In this paper, we analyze the relationship between nominal and real GDP growth for G7 countries for the period 1971 … between nominal and real GDP growth rates changes from a positive one to a flat one. Moreover, the volatility of real growth …
Persistent link: https://www.econbiz.de/10014518988
inflation and economic growth. Among ML methodologies, Random Forest (RF; Breiman, 2001) approach is one of the most powerful to … capture nonlinear relationships. Therefore, I applied RF and found that both high and low inflation can be the cause of low … economic growth which is a major contribution of the paper to economic literature. This observation produces clear suggestions …
Persistent link: https://www.econbiz.de/10014518994
nature of the relationship between GDP growth and inflation identified in previous empirical studies. Finally, taking into …Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship …
Persistent link: https://www.econbiz.de/10010312014
Persistent link: https://www.econbiz.de/10014334700
This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area …, based on research findings that have been produced in the context of the Inflation Persistence Network. The main findings … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is …
Persistent link: https://www.econbiz.de/10011606198
The complexity of the monetary phenomenon as well as the effects that it induces in the social and economic life of the countries around the world have represented and still represent the subject of much controversy and dispute. The current forms of the monetary circulation organization in...
Persistent link: https://www.econbiz.de/10012017176