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The paper contains a retrospective analysis of macroeconomic policy and reforms in the countries of the former Soviet …
Persistent link: https://www.econbiz.de/10015394231
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012795769
deficits which backs debt and attenuates fiscal inflation. A dynamic r -- g stability criterion characterizes the set of … with inflation. Monetary policy which follows the Taylor principle can be consistent with a unique stable equilibrium under …
Persistent link: https://www.econbiz.de/10015130300
inflation in order to stabilize the expectations of households, firms and innovators. Endogenous growth provides a self … debt-stabilizing inflation when current fiscal deficits are not backed by future fiscal surpluses. Because growth creates … unique stable equilibrium, provided that the policy permits r−g to fall with inflation. …
Persistent link: https://www.econbiz.de/10014457581
Examining the economies of the European Union from 2000 to 2023, we have found no strong evidence that the inflation … the euro area, aimed at rapidly bringing inflation under control, could actually be detrimental to economic growth. Since … the negative effects of monetary tightening on growth are clear, while the benefits of rapidly reducing inflation on …
Persistent link: https://www.econbiz.de/10015210370
In the last decade, advanced economies, including the euro area, experienced deflationary pressures caused by the global financial crisis of 2007-2009 and the anti-crisis policies that followed - in particular, the new financial regulations (which led to a deep decline in the money multiplier)....
Persistent link: https://www.econbiz.de/10011852813
The marked turnaround in Russia's foreign trade in 2023 exerted strong downward pressure on the Russian rouble, which lost around 30% of its value. Global oil prices were declining in the first half of the year, the EU import embargo on Russian oil depressed prices even further; and on top of...
Persistent link: https://www.econbiz.de/10015065596
Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …
Persistent link: https://www.econbiz.de/10012230450
The inflation index regrettably fails to fully reflect the expectation of the population in developing and, especially … price stability, which is known as inflation targeting …
Persistent link: https://www.econbiz.de/10012948721
to be the most potent component provoking inflation. The role of income is insignificant. Competent management of … income. Three components of money supply namely M1, M2 and M3 lead to a raise in price or inflation where M2 money is found …
Persistent link: https://www.econbiz.de/10013021508