Foreign Exchange Interventions in Inflation Targeters in Latin America, Alejandro Werner, Marcos Chamon, David Hofman, Nicolas E. Magud

Автор: Heise M.
Название: Inflation Targeting and Financial Stability
ISBN: 3030050777 ISBN-13(EAN): 9783030050771
Издательство: Springer
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Цена: 60550.00 T
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Описание: Since the financial crisis of 2008/09, the world's major central banks have been struggling to return their economies to higher growth and to reach their inflation targets. This concise book analyzes the importance of central bank policies for the economy, and specifically investigates the reasons why they have failed to steer inflation as desired. The author, the Chief Economist at Allianz SE, argues that, in an environment of great uncertainty concerning the pass-through of monetary stimulus to the economy, central banks should not focus too narrowly on inflation targets, but should increasingly take the side effects of their actions into account.

In particular, he contends that they must seek to minimize the risk of financial booms and busts in order to maximize long-term growth and prosperity. Building on existing research and contributing to the current debate, the book offers a valuable reference guide and food for thought for policymakers, professionals and students alike.

Автор: Ndou Eliphas, Gumata Nombulelo, Tshuma Mthokozisi
Название: Exchange Rate, Second Round Effects and Inflation Processes: Evidence from South Africa
ISBN: 303013931X ISBN-13(EAN): 9783030139315
Издательство: Springer
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Цена: 79190.00 T
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Описание: This book focuses on the exchange rate pass-through (ERPT), second round effects and the inflation process in South Africa. Fiscal policy via fuel levies, administered prices and public transport inflation channel impacts the responses of monetary policy to inflation shocks.

Автор: Assaf Razin; Hans-J?rgen Vosgerau
Название: Trade and Tax Policy, Inflation and Exchange Rates
ISBN: 3642645828 ISBN-13(EAN): 9783642645822
Издательство: Springer
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Цена: 121110.00 T
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Описание: With contributions by numerous experts

Автор: Cobham
Название: Twenty Years of Inflation Targeting
ISBN: 1107696895 ISBN-13(EAN): 9781107696891
Издательство: Cambridge Academ
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Цена: 40120.00 T
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Описание: This book provides a comprehensive review of the experience of inflation targeting since its introduction in New Zealand in 1989 and looks in detail at what we can learn from the past twenty years and what challenges we may face in the future.

Автор: Mongi Boughzala; D. Cobham
Название: Inflation Targeting in MENA Countries
ISBN: 1349331392 ISBN-13(EAN): 9781349331390
Издательство: Springer
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Цена: 93160.00 T
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Описание: This volume assesses the current state of play for Middle East and North African countries, in the light of wider work on inflation targeting, and provides lessons from the evolution of monetary policy in Europe.

Автор: Tanzi
Название: Inflation and the Personal Income Tax
ISBN: 0521068703 ISBN-13(EAN): 9780521068703
Издательство: Cambridge Academ
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Цена: 33790.00 T
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Описание: Inflation distorts income taxes in many ways, but primarily by redistributing the tax burden among taxpayers.

Автор: Paul Beckerman
Название: The Economics of High Inflation
ISBN: 1349217158 ISBN-13(EAN): 9781349217151
Издательство: Springer
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Цена: 139750.00 T
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Описание: This book describes the complex of economic processes which sustains inflationary pressure in nations with severe inflation problems.

Автор: Eliphas Ndou; Nombulelo Gumata
Название: Inflation Dynamics in South Africa
ISBN: 3319467018 ISBN-13(EAN): 9783319467016
Издательство: Springer
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Цена: 139750.00 T
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Автор: Fernando de Holanda Barbosa
Название: Exploring the Mechanics of Chronic Inflation and Hyperinflation
ISBN: 3319445111 ISBN-13(EAN): 9783319445113
Издательство: Springer
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Цена: 51230.00 T
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Описание: This book presents a theoretical framework to explain chronic inflation and hyperinflation. The roots of these two phenomenon are a fiscal monetary regime in which money issues finance the public deficit. Chronic inflation is modeled by using both the old and the new Keynesian model, with a different policy rule. Instead of using the Taylor rule, the central bank policy rule states that money is issued to finance the public deficit. The chronic inflation models take into account the fact that indexation mechanisms adjust prices and wages, yielding the inertial component of inflation. The dynamics of these models can be very unstable under parameter changes or shocks that hit the economy. The previous hyperinflation models surveyed in this book attempt to explain hyperinflation as a bubble phenomenon because they assume a constant real deficit financed by money. The mechanics of hyperinflation models in this book explains hyperinflation by a fiscal crisis, characterized by an increasing fiscal deficit. This fiscal crisis yields an intertemporal budget constraint that is not sustainable. The analysis of the pathology of hyperinflation uses the same tools employed to understand the pathologies of public debt and external debt crises. The hyperinflation model allows a taxonomy of hyperinflations, namely bubble, weak and strong, that can be tested with the inflation tax revenue curve.

Автор: H. Frisch
Название: Inflation in Small Countries
ISBN: 3540076247 ISBN-13(EAN): 9783540076247
Издательство: Springer
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Цена: 121110.00 T
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Автор: Paul Beckerman
Название: The Economics of High Inflation
ISBN: 0333563808 ISBN-13(EAN): 9780333563809
Издательство: Springer
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Цена: 144410.00 T
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Описание: Looks at the theory and practices of inflation as it relates to the financial systems in various countries. This book examines aspects of inflation as they relate to the economy as well as the options available to economists to counter or eliminate the effects of inflation.

Автор: S. Fujino
Название: A Neo-Keynesian Theory of Inflation and Economic Growth
ISBN: 354006964X ISBN-13(EAN): 9783540069645
Издательство: Springer
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Цена: 102480.00 T
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Описание: 'lhe PUIllooes of this study are to investigate processes of cyclical fluctuations, inflation and economic g: t'Oo'lth, and conComitantly, to relate the short-run analysis to the long-run analysis of the econaT\Y as far as feasible under the confines of this investigation. First of all, we shall present a theory of investnent in Chapter 1. We shall make evident defects included in the neo-classical theory of investnent, founded in particular by I. Fisher and a variant of which is the Keynesian version, by taking into account recent studies of investnent and by formulating a new theory of investnent. Its incorporatim into our dynamic analyses is one of the reasons why the theory developed in this study is referred to as Neo- Keynesian. Brlefly, the theory is characterlzed by firm investnent being a function of the firm's expected stock of money, the expected marginal productivi- ty of capital, and the expected rate of inflation (or the firm's subjective rate of real interest) .