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In this paper, we show that the rate of unemployment in period t depends on GDP and inflation rate in period t-1. We … then show that GDP is related to money creation, and subsequently that the rate of unemployment is a decreasing function of …
Persistent link: https://www.econbiz.de/10005196857
This paper studies the steady-state costs of inflation in a general-equilibrium model with real per capita output … growth and staggered nominal price and wage contracts. Our analysis shows that trend inflation has important effects on the … important even for low values of trend inflation. Further, we show that nominal wage contracting is quantitatively more …
Persistent link: https://www.econbiz.de/10005015264
This paper develops and estimates a game-theoretical model of inflation targeting where the central banker …
Persistent link: https://www.econbiz.de/10005346002
We propose methods for testing hypotheses of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at different horizons. While the hypotheses...
Persistent link: https://www.econbiz.de/10005353062
Persistent link: https://www.econbiz.de/10005353064
Persistent link: https://www.econbiz.de/10005353108
We propose methods for testing hypotheses of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at different horizons. While the hypotheses...
Persistent link: https://www.econbiz.de/10005353142
Persistent link: https://www.econbiz.de/10005353143
This Paper Goes Against the Current That, When Price Ae Determined From a Markup, Labor Is the Main Cause for Inflation …. It Will Be Shown on the Contrary That Capital, Under Its Physical Anf Financial Form, Is the Main Culprit for Inflation … Responsability of Capital with Respect to Inflation Would Be Between 75% and 90%. …
Persistent link: https://www.econbiz.de/10005353190
Purpose of Which Was to Put Forward a Qualitative Theory of Inflation, Have Their Theoritical Foundation in Marx's Theory of …
Persistent link: https://www.econbiz.de/10005353192