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Shocks and Frictions under Right-to-Manage WageBargaining: A Transatlantic Perspective
Consolo, Agostino; Hertweck, Matthias S. - Wirtschaftswissenschaftliches Zentrum <Basel>
result is that the model is able to generatepersistent responses in output, inflation, and total labor input to both …
Persistent link: https://www.econbiz.de/10008845687
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Grosse Währung eines kleinen Landes:Der Schweizer Franken 1850 bis?
Kugler, Peter - Wirtschaftswissenschaftliches Zentrum <Basel> - 2010
Wachstum, Arbeitslosigkeit, Zins undInflation für die Schweiz eine sehr positive Entwicklung seit 1999. DieserSachverhalt legt …
Persistent link: https://www.econbiz.de/10008845711
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The Success of Currency Reforms to End Great Inflations:An Empirical Analysis of 34 High Inflations
Bernholz, Peter; Kugler, Peter - Wirtschaftswissenschaftliches Zentrum <Basel>
The estimation of an ordered probit model for currency reforms trying to end 31hyperinflations and three big inflations of the 20th century shows that the introduction of anindependent central bank and the adoption of a credibly fixed exchange rate are crucial for the successof a currency...
Persistent link: https://www.econbiz.de/10005867787
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Deflation and Relative Prices:Evidence from Japan and Hong Kong
Gerlach, Stefan; Kugler, Peter - Wirtschaftswissenschaftliches Zentrum <Basel> - 2007
inflation should differ between inflation anddeflation episodes, using data for Japan and Hong Kong. We use a random … both the inflation and deflation periods, and the parameteron the second moment changes sign in the deflation period, as …
Persistent link: https://www.econbiz.de/10005867865