منابع مشابه
The Empirical Relationship between Fiscal Deficits and Inflation (Case Study: Selected Asian Economies)
Abstract T he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. On the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. So keeping the price stability plays an important role in de...
متن کاملthe empirical relationship between fiscal deficits and inflation (case study: selected asian economies)
abstract t he relationship between public sector deficits and inflation is one of the important and controversial issues in the academic literature as well as in economic policy field. on the other hand, a major objective of macroeconomic policies is to foster economic growth and to keep inflation on a low level. so keeping the price stability plays an important role in determining the growth r...
متن کاملNon-Linear Dynamics of Inflation in High Inflation Economies
Attempts by governments to finance a substantial proportion of expenditure by seigniorage can lead to multiple inflationary equilibria. Theoretical models suggest that, in these circumstances, inflation follows a non-linear process with up to three steady states and that the stability characteristics of these depend on the process by which expectations are formed. In this paper we show that the...
متن کاملIs Inflation Persistence Intrinsic in Industrial Economies?
Abstract: Many empirical studies have indicated that inflation exhibits very high persistence throughout the post-war period in nearly every industrial economy. In this paper we challenge this conventional wisdom and instead argue that in many cases, high inflation persistence is an artifact of empirical techniques that fail to account for occasional shifts in the monetary policy regime. In par...
متن کاملTotal Factor Productivity Growth, Technical Change and Technical Efficiency Change in Asian Economies: Decomposition Analysis
The aim of this paper is to analyze total factor productivity (TFP) growth and its components in Asian countries applying Stochastic Frontier Analysis (SFA) to the time series data of 44 Asian countries from 2000 to 2010. Using Battese and Coelli approach, TFP is divided into technical efficiency change and technical change. TFP decomposition using SFA method for the years 1998 to 2007 indicate...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.1987870