Disinflation In Spain
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Disinflation In Spain
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Author : Mr.Nicolas Sobczak
language : en
Publisher: International Monetary Fund
Release Date : 1998-08-01
Disinflation In Spain written by Mr.Nicolas Sobczak and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-08-01 with Business & Economics categories.
This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemployment, a positive supply shock resulting from relative price adjustments or structural improvements in the labor market, and a credibility shock that lowers inflationary expectations. The main element underlying Spain’s recent disinflation appears to be a fall in inflation expectations, thanks to the country’s commitment to participate in Economic and Monetary Union from the start, and policy actions geared to that end.
Disinflation Output And Unemployment
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Author : Javier Andrés
language : en
Publisher:
Release Date : 1998
Disinflation Output And Unemployment written by Javier Andrés and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Inflation (Finance) categories.
The Domestic And Foreign Price Gaps In The P Star Model
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Author : Ms.Alicia García-Herrero
language : en
Publisher: International Monetary Fund
Release Date : 1999-10-01
The Domestic And Foreign Price Gaps In The P Star Model written by Ms.Alicia García-Herrero and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-10-01 with Business & Economics categories.
The paper uses the P-STAR model to analyze Spanish prices from 1970 to 1996, adding the foreign price gap to the standard domestic definition of the P-STAR model (the domestic price gap) to assess the role German price movements played in Spanish inflation. The domestic price gap turns out to be the major explanatory variable for inflation, even after the entrance of Spain in the exchange rate mechanism (ERM). This result suggests that the successful disinflation experienced in Spain in the past few years may be more related to domestic conditions than to foreign ones.
Spanish Unemployment And Inflation Persistence
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Author : Juan José Dolado
language : en
Publisher:
Release Date : 1997
Spanish Unemployment And Inflation Persistence written by Juan José Dolado and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Inflation (Finance) categories.
Studies the joint behaviour of inflation and unemployment in Spain over the period 1964-1995.
Spain
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1998-06-22
Spain written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-06-22 with Business & Economics categories.
This Selected Issues paper analyzes the sources of the persistence of geographical unemployment imbalances and low speed of adjustment to regional labor demand shocks in Spain. The paper argues that, under present labor market arrangements, these imbalances are unlikely to be corrected in the near future. In particular, the current wage bargaining system appears to be excessively centralized and to result in nationally set wages that are too high to reduce unemployment in high-unemployment areas. The paper also analyzes the May 1997 labor market reform.
Reducing Inflation
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Author : Christina D. Romer
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Reducing Inflation written by Christina D. Romer and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy.
Moderate Inflation
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Author : Mr.Carlo Cottarelli
language : en
Publisher: International Monetary Fund
Release Date : 1998-07-01
Moderate Inflation written by Mr.Carlo Cottarelli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-07-01 with Business & Economics categories.
Many countries, including several transition economies, have in the last few years recorded a sharp decline in inflation, but have been unable to bring inflation down to lower single digits or to achieve price stability. In these countries, inflation has stabilized at moderate levels, with further progress becoming seemingly more difficult. What are the problems created by moderate inflation? What is the appropriate speed of disinflation? These and other issues related to disinflation in transition economies are taken up in this book, edited by Carlo Cottarelli and Gyorgy Szapáry.
The Costs And Benefits Of Price Stability
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Author : Martin Feldstein
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
The Costs And Benefits Of Price Stability written by Martin Feldstein and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation.
The Israeli Economy 1985 1998
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Author : Avi Ben-Basaṭ
language : en
Publisher: MIT Press
Release Date : 2002
The Israeli Economy 1985 1998 written by Avi Ben-Basaṭ and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
An analysis of the structural reforms that transformed Israel's economy from one dominated by government intervention to a market-oriented, open economy.
Spain Selected Issues
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Author :
language : en
Publisher:
Release Date : 1998
Spain Selected Issues written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Spain categories.