Results 31 to 40 of about 3,382 (213)
Hyperinflation and High Inflation in Venezuela: Monetary or Exchange Rate Origin?
ABSTRACT From 2018 to 2021, Venezuela experienced a period of intense hyperinflation. There are two hypotheses regarding the origin of such hyperinflation. The monetarist hypothesis attributes hyperinflation to excessive growth in the money supply, typically resulting from public deficits. Alternatively, the structuralist balance of payments hypothesis
Pedro Atienza Montero
wiley +1 more source
The Debate About Monetarist Policy Recommendations
The Debate About Monetarist Policy Recommendations The dispute between Keynesians and monetarists about monetary policy has failed to focus on a central issue, the Keynesian’s political assumption that the central bank can be trusted to operate ...
Thomas Mayer, Mayer, Thomas
core +1 more source
OVERVIEW Kebijakan Moneter dan Aktivitas Ekonomi
Keampuhan kebijakan moneter dalam mempengaruhi aktivitas ekonomi merupakan salah satu isu yang paling lama diperdebatkan dalam ekonomi moneter. Dapatkah uang mempengaruhi output riil, atau akankah ia hanya meningkatkan inflasi?
Perry Warjiyo
doaj +1 more source
ABSTRACT This article places the work of Lance Taylor in the broader context of efforts in the 1980s to renew the structuralist tradition of development economics, into what was then newly coined as neo‐structuralism. These efforts centred around three groups: CEPAL, Lance Taylor and his team at MIT, and a group of economists based at the Institute of ...
Andrew M. Fischer
wiley +1 more source
Argentina 1967-70. Un tentativo fallito di stabilizzazione.
Between 1950 and 1966 prices in Argentina rose at an average annual rate exceeding 25 percent. There have been several attempts to stabilise the situation, notably in 1966 when the military government took command.
G. MAYNARD, W. VAN RIJCKEGHEM
doaj +1 more source
Do Internet‐Driven Trade Shocks Moderate the Exchange Rate Pass‐Through to Inflation?
ABSTRACT This study examines the existence of an internet globalisation intensifying impact on the size of the exchange rate pass‐through (ERPT) to inflation, which conditions the response of central banks' policy rates. Expanding on the traditional determinants of ERPT, we incorporate technology‐induced trade shocks linked to internet adoption to ...
Joanna Darwiche, Nicole Ballouz Baker
wiley +1 more source
Argentina 1967-70: a stabilisation attempt that failed
Between 1950 and 1966 prices in Argentina rose at an average annual rate exceeding 25 percent. There have been several attempts to stabilise the situation, notably in 1966 when the military government took command.
G. MAYNARD, W. VAN RIJCKEGHEM
doaj +1 more source
Central bank independence with procedural accountability
Abstract Independent central banks must be effectively accountable, particularly when they engage in discretionary policies during a crisis. We argue that ex post assessment of central bank performance is insufficient for proper accountability. Using the inflationary episode that followed the Covid‐19 pandemic, we show that a central bank explicitly ...
Juan E Castañeda, Paola Romero
wiley +1 more source
The Monetarist Policy Debate: An Informal Survey [PDF]
This paper surveys the monetarist position on various aspects of American monetary policy in an informal way and provides the personal reactions of a participant observer in this debate.
Thomas Mayer
core +1 more source
Banking: A New Monetarist Approach [PDF]
We develop a model where: (i) banks take deposits and make investments; (ii) their liabilities facilitate third-party transactions. Other models have (i) or (ii), not both, although we argue they are intimately connected: we show that they both emerge from limited commitment. We describe an environment, characterize desirable allocations, and interpret
Gu, C +3 more
openaire +3 more sources

