Showing 1 - 10 of 61
Persistent link: https://www.econbiz.de/10010423433
Persistent link: https://www.econbiz.de/10014321636
The steps in this paper are: (1) to recall the S = I relation and its position in macro-economics, (2) to observe how this equation is very relevant again with the renewed relunctance of banks to finance investments, (3) to point out that consumer durables are investments too, (4) to highlight...
Persistent link: https://www.econbiz.de/10005836404
ECONODYNAMIC SURVEY, has a large comprehensive/researching sphere, including a diversified and complex range of aspects concerning the economic activities, which implies the setting up of multi-disciplinary teams, formed by specialized researchers with expertise and experience in the domains:...
Persistent link: https://www.econbiz.de/10010726621
unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not … succeed in finding workable mechanisms. They rather fought stagflation with the ideology of the day, shifting from vulgar … seemed to solve stagflation but only repressed it and resulted into the crisis since 2007. The return of regulation also …
Persistent link: https://www.econbiz.de/10011108214
The paper argues that the world economy might experiment inflationary pressures (or restrictive policies aimed at fighting them) when the economic depression triggered by the financial crisis is stabilized. The primary cause is that bad money has been (endogenously) delivered which did not lead...
Persistent link: https://www.econbiz.de/10008793906
This paper revisits the phenomenon of stagflation. Using a standard New Keynesian dynamic, stochastic general … equilibrium model, we show that stagflation from monetary policy alone is a very common occurrence when the economy is subject to … stagflation in the baseline model is essentially eliminated. In contrast with several other recent papers that have focused on the …
Persistent link: https://www.econbiz.de/10010960454
The paper offers a new theoretical framework for linking inflation and accumulation, with the Israeli experience as a case study. The focal point is the process of differential accumulation by the largest core firms. The theory of differential accumulation suggests that the relative power of...
Persistent link: https://www.econbiz.de/10011644557
Over the past decade, soaring commodity prices have had a relatively minor impact on the overall level of prices, at least by historical standards. Whereas oil is twelve times more expensive now that it was in 1999, consumer prices in industrialized countries are only 20 per cent higher. This...
Persistent link: https://www.econbiz.de/10011644930
assimilated it into their macroeconomic models. The gradual emergence of stagflation and the progressive breakdown of the Phillips … factors. The cost of saving the Phillips Curve was substantial. To explain stagflation, macroeconomists resorted to …
Persistent link: https://www.econbiz.de/10011645019