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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
The paper employs a post-Kaleckian model to address the question of how currency devaluations affect aggregate demand, capital accumulation, and debt in an economy with foreign currency liabilities. In benchmark post-Kaleckian open economy models currency devaluations have two key effects....
Persistent link: https://www.econbiz.de/10011567969
The paper employs a post-Kaleckian model to address the question of how currency devaluations affect aggregate demand, capital accumulation, and debt in an economy with foreign currency liabilities. In benchmark post-Kaleckian open economy models currency devaluations have two key effects....
Persistent link: https://www.econbiz.de/10011572681
This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …
Persistent link: https://www.econbiz.de/10012954770
the depreciation of the exchange rate leads to an increase in imported, producer and consumer inflation of 0.42 p.p., 0 … imported inflation and producer inflation does not seem translate into higher ERPT in consumer inflation. Further studies could … look at: First, the nature of the ERPT on different types of inflation and why this is heterogeneous in a time varying …
Persistent link: https://www.econbiz.de/10015193778
In this paper, I show that the income-autonomous demand multiplier of Keynesian-Kaleckian models is endogenous to changes in income distribution. This effect gives rise to non-linearity of distributional effects, even in basic models. Under certain conditions, an important consequence from the...
Persistent link: https://www.econbiz.de/10012061718
In this paper, I show that the income-autonomous demand multiplier of Keynesian-Kaleckian models is endogenous to changes in income distribution. This effect gives rise to non-linearity of distributional effects, even in basic models. Under certain conditions, an important consequence from the...
Persistent link: https://www.econbiz.de/10012060676
This paper explores the relationship between devaluing the dollar and inflation, examining both the theoretical … inflation by reducing demand or increasing the supply of goods and services, others suggest that devaluation can actually lead … to an increase in inflation by making imports more expensive and increasing demand for domestically produced goods and …
Persistent link: https://www.econbiz.de/10014358356
dollar that are occurring in many countries are not unprecedented in magnitude or duration. The pass-through to inflation …
Persistent link: https://www.econbiz.de/10012991979
than the prices of nontradables/higher-priced varieties. These relative price changes may lead to inflation inequality when …, we show that inflation of poor households in Brazil was at least 11 percentage points higher than of the rich in the … aftermath of the 2002 large devaluation. A detailed case study of the City of São Paulo estimates an inflation inequality …
Persistent link: https://www.econbiz.de/10012239519