The Genesis of Inflation and the Cost of Disinflation

The Genesis of Inflation and the Cost of Disinflation PDF Author: Laurence Ball
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The Genesis of Inflation and the Cost of Disinflation

The Genesis of Inflation and the Cost of Disinflation PDF Author: Laurence Ball
Publisher:
ISBN:
Category :
Languages : en
Pages :

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The Genesis of Inflation and the Costs of Disinflation

The Genesis of Inflation and the Costs of Disinflation PDF Author: Laurence M. Ball
Publisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 44

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This essay asks how high inflation arises and why it is costly to eliminate. Specifically, the paper discusses the roles of price rigidity and credibility problems in explaining the costs of disinflation; the puzzle of persistent inflation triggered by onetime macroeconomic shocks; and the case for returning to adaptive expectations in theories of inflation.

The Genesis of Inflation and the Costs of Disinflation

The Genesis of Inflation and the Costs of Disinflation PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 21

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The genesis of inflation and the costs of disinflation

The genesis of inflation and the costs of disinflation PDF Author: Carlos Balseyro Rodriguez
Publisher:
ISBN:
Category :
Languages : es
Pages : 21

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Inflation and Disinflation

Inflation and Disinflation PDF Author: Leonardo Leiderman
Publisher: University of Chicago Press
ISBN: 9780226471105
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
During the early 1980s, Israel's inflation rate rose to almost 500% per year—one of the highest inflation rates in the developed world. In 1985, the Israeli government implemented a program that immediately reduced inflation to 15%-20%, where it remained for the rest of the decade. How did the economy deal with these major changes so rapidly and successfully? In these eighteen articles, Leonardo Leiderman discusses why the Israeli plan worked and considers how other countries might benefit from similar policies. Even though standard economic models predict that output will drop and unemployment will rise during disinflation, Israel saw a boom in private consumption and large increases in real wages that lasted for about three years. To understand how the effects of Israeli disinflation policies defied typical expectations, Leiderman investigates how monetary fiscal policy determined Israel's runaway inflation and how the country brought its economy abruptly under control. He finds that rates of inflation and consumption depend on the public's expectations about future fiscal adjustments and that foreign trade shocks do not inevitably lead to a long-term rise in the inflation rate. His illumination of international trade and domestic policies, past and present, will interest academic economists and policymakers alike.

Disinflation

Disinflation PDF Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 335

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Book Description
What is Disinflation Disinflation is a decrease in the rate of inflation - a slowdown in the rate of increase of the general price level of goods and services in a nation's gross domestic product over time. It is the opposite of reflation. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Disinflation Chapter 2: Macroeconomics Chapter 3: Recession Chapter 4: Inflation Chapter 5: Monetarism Chapter 6: Deflation Chapter 7: Monetary policy Chapter 8: Causes of the Great Depression Chapter 9: Price stability Chapter 10: Long Depression Chapter 11: Neutrality of money Chapter 12: Reflation Chapter 13: Friedman rule Chapter 14: Inflation targeting Chapter 15: Indexed unit of account Chapter 16: Deleveraging Chapter 17: Depression of 1920-1921 Chapter 18: Constant purchasing power accounting Chapter 19: Monetary policy of the Philippines Chapter 20: Abenomics Chapter 21: Hyperinflation in the Federal Republic of Yugoslavia (II) Answering the public top questions about disinflation. (III) Real world examples for the usage of disinflation in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Disinflation.

Models of inflation and the costs of disinflation

Models of inflation and the costs of disinflation PDF Author: Bankim; Masson Chadha (Paul; Meredith, Guy)
Publisher:
ISBN:
Category :
Languages : fr
Pages :

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Essays in Contemporary Economic Problems

Essays in Contemporary Economic Problems PDF Author: William Fellner
Publisher: Washington, D.C. : American Enterprise Institute
ISBN:
Category : Business & Economics
Languages : en
Pages : 344

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Book Description
Essays on disinflationary monetary policy of the USA - focuses on resource allocation financial markets, the public debt, capital flow, exchange rates, monetary relations, liquidity, housing and labour markets, and labour relations effects. Graphs, references and statistical tables.

Optimal Inflation Cost and Benefits of Disinflation

Optimal Inflation Cost and Benefits of Disinflation PDF Author: Ewa Dzwonik-Wróbel
Publisher:
ISBN:
Category : Deflation (Finance)
Languages : en
Pages : 19

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Monetary Theory and Policy, third edition

Monetary Theory and Policy, third edition PDF Author: Carl E. Walsh
Publisher: MIT Press
ISBN: 0262303736
Category : Business & Economics
Languages : en
Pages : 639

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Book Description
A new edition of the leading text in monetary economics, a comprehensive treatment revised and enhanced with new material reflecting recent advances in the field. This text presents a comprehensive treatment of the most important topics in monetary economics, focusing on the primary models monetary economists have employed to address topics in theory and policy. It covers the basic theoretical approaches, shows how to do simulation work with the models, and discusses the full range of frictions that economists have studied to understand the impacts of monetary policy. Among the topics presented are money-in-the-utility function, cash-in-advance, and search models of money; informational, portfolio, and nominal rigidities; credit frictions; the open economy; and issues of monetary policy, including discretion and commitment, policy analysis in new Keynesian models, and monetary operating procedures. The use of models based on dynamic optimization and nominal rigidities in consistent general equilibrium frameworks, relatively new when introduced to students in the first edition of this popular text, has since become the method of choice of monetary policy analysis. This third edition reflects the latest advances in the field, incorporating new or expanded material on such topics as monetary search equilibria, sticky information, adaptive learning, state-contingent pricing models, and channel systems for implementing monetary policy. Much of the material on policy analysis has been reorganized to reflect the dominance of the new Keynesian approach. Monetary Theory and Policy continues to be the only comprehensive and up-to-date treatment of monetary economics, not only the leading text in the field but also the standard reference for academics and central bank researchers.