Showing 1 - 10 of 1,682
The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two … demand, growth, trade balance, and inflation are generally ambiguous and highly contingent on the parameter constellation of …
Persistent link: https://www.econbiz.de/10015050162
inventory management techniques. Drawing from Post-Keynesian and structuralist theories of inflation, this paper uses a vector …Several explanations of the “great inflation moderation” (1982-2006) have been put forth, the most popular being that … inflation was tamed due to good monetary policy, good luck (exogenous shocks such as oil prices), or structural changes such as …
Persistent link: https://www.econbiz.de/10014159698
paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this …This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …
Persistent link: https://www.econbiz.de/10012954770
inventory management techniques. Drawing from Post-Keynesian and structuralist theories of inflation, this paper uses a vector …Several explanations of the "great inflation moderation" (1982-2006) have been put forth, the most popular being that … inflation was tamed due to good monetary policy, good luck (exogenous shocks such as oil prices), or structural changes such as …
Persistent link: https://www.econbiz.de/10009718421
The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at "price stability" in the neoliberal regime, fiscal policies were characterized by the objective of...
Persistent link: https://www.econbiz.de/10010385761
currency rationing. This in turn ignites inflation due to external bottlenecks since many sectors face supply constraints as … growing distributive conflict and fuels inflation further, as workers oppose to the lowering of real wages. Moreover, the … parallel market devaluation-inflation spiral, which threatens to turn into hyperinflation. Nevertheless, we argue that …
Persistent link: https://www.econbiz.de/10011747158
Regression model for the period 1995Q1 to 2018Q2. The empirical evidence reveals the existence of two inflation regimes during … the period under review. Food inflation, energy inflation, firms’ marginal cost, and imported inflation account for most … exchange rate solely explains price changes in the composite consumers’ basket when inflation switches to high regime …
Persistent link: https://www.econbiz.de/10012178169
experiment of the past decade, stemming from a belief of the government that higher interest rates cause higher inflation … eventually a negative coefficient on inflation in the policy rule. In such an environment, was the exchange rate still a random … walk? Was inflation anchored? Does the “standard model” suffice to explain the broad contours of macroeconomic outcomes in …
Persistent link: https://www.econbiz.de/10014083478
The paper investigates the emergence of complex market expectations (opinion dynamics) around nominal exchange rate adjustments using a macro-financial model of a small open economy featuring heterogeneous expectation formation (chartists and fundamentalists) and gradual adjustment processes in...
Persistent link: https://www.econbiz.de/10010235495
This working paper contrasts the neo-Keynesian and post-Keynesian theories of monetary policy for an open economy, highlighting the irrelevance of the orthodox theory and the explanatory capacity of heterodoxy for an emerging economy such as Mexico. It focuses on the role of the central bank and...
Persistent link: https://www.econbiz.de/10015078187