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line with empirical evidence, the model predicts a short-term inflation-output trade-off, a liquidity effect …
Persistent link: https://www.econbiz.de/10003954132
-term inflation-output trade-off, a liquidity effect, countercyclical markups, and procyclical wages and expenditure dispersion across …
Persistent link: https://www.econbiz.de/10009679087
predicts a short-term inflation-output trade-off, a liquidity effect, countercyclical markups, and procyclical wages after …
Persistent link: https://www.econbiz.de/10011653639
predicts a short-term inflation-output trade-off, a liquidity effect, countercyclical markups, and procyclical wages after …
Persistent link: https://www.econbiz.de/10011657188
line with empirical evidence, the model predicts a short-term inflation-output trade-off, a liquidity effect …
Persistent link: https://www.econbiz.de/10008515068
arises, which affects optimal markups chosen by oligopolistic firms. The model generates a short-term inflation-output trade …
Persistent link: https://www.econbiz.de/10005557739
inflation differ over time. We show that the impact varies considerably over time, depends on the source of increased liquidity … (M1, M3-M1 or credit) and the underlying state of the economy (asset price boom-bust, business cycle, inflation cycle …
Persistent link: https://www.econbiz.de/10011610148
inflation differ over time. We show that the impact varies considerably over time, depends on the source of increased liquidity … (M1, M3-M1 or credit) and the underlying state of the economy (asset price boom-bust, business cycle, inflation cycle …
Persistent link: https://www.econbiz.de/10013137632
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012795769
The financial crisis and its ensuing effects have brought back into the limelight the issue of cycles and of policies which fuel or mitigate crises. Cognitive and operational models in economics and business are questioned. There is a specter of much lower economic growth in the industrialized...
Persistent link: https://www.econbiz.de/10011760593