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The Consumer’s Reservation Price as an Adaptive Aspiration Level [PDF]
Behavioral SciencesReservation prices determine which goods consumers are willing to buy and, therefore, shape demand curves in markets. Neoclassical economics postulates that reservation prices optimally reflect the marginal utility provided by a good given all other ...
Sebastian van Baal
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Вестник Российского экономического университета имени Г. В. Плеханова, 2022 The high level of inter-regional social and economic inequality of population incomes forms one of major problems of the space development of the Russian Federation. This situation promotes social tension and hinders economic growth in the country.
G. Y. Gagarina, R. O. Bolotov
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Are fiscal deficits inflationary in Nigeria? New evidence from bounds testing to cointegration with structural breaks [PDF]
Ekonomski Anali, 2021 In this paper, we model the relationship between fiscal deficit and inflation for Nigeria using annual data from 1980 to 2016. We employ the linear ARDL approach and account for structural breaks using the Bai and Perron (2003) test that allows ...
Fasanya Ismail O. +2 more
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Price-Level Targeting When There is Price-Level Drift [PDF]
SSRN Electronic Journal, 2010 Abstract Recent research has shown that optimal monetary policy may display considerable price-level drift. Proponents of price-level targeting have argued that the costs of eliminating the price-level drift may be reduced if the central bank responds flexibly by returning the price level only gradually to the target path ( Gaspar et al., 2010 ).
Gerberding, Christina +2 more
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Stable Price Level and Changing Prices [PDF]
SSRN Electronic Journal, 2004 The paper investigates the relationship between relative price movements and changes in the aggregate price level using monthly data on Finland's Consumer Price Index and its components from the period covering the past eight and a half years. This was a period of very low inflation. The rate of growth in the aggregate price level was occasionally very
Suvanto , Antti, Hukkinen , Juhana
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Asymmetric Price Transmission of Some Basic Commodities in Indonesia
Media Ekonomi dan Manajemen, 2023 The prices of these international goods, world oil prices, exchange rates, and government policies, always influence developments in the current global era that drive domestic commodity prices.
Mahjus Ekananda
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CUSTOMER AWARENESS LEVEL OF COFFEE PRICE FLUCTUATIONS [PDF]
Business Excellence and Management, 2022 Based on what we have witnessed in the last two years from several uncontrollable factors, such as natural disasters, disease pandemics and wars, it is worth exploring the potential rising prices of coffee-based products in the future. This research aims
Catinca-Elena IONESCU, Mattia MEGGIOLARO
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Impact of the joint-stock reform of commercial banks on the effectiveness of monetary policy in China [PDF]
Panoeconomicus, 2016 Over the past decade, the Chinese government has conducted the joint-stock reform of state-owned commercial banks. The joint-stock reform improves the marketization level of the ownership structure of commercial banks and consequently leads to ...
Fang Xianming, Jiang Yu
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THE PRICE LEVEL, THE QUANTITY THEORY OF MONEY, AND THE FISCAL THEORY OF THE PRICE LEVEL [PDF]
Scottish Journal of Political Economy, 2006 ABSTRACTThis paper examines price‐level determination from the perspective of portfolio choice. Arbitrages among money balances, bonds, and investment goods determine their relative demands. Returns to real balance holdings and after‐tax returns to investment goods determine the relative values of nominal and real assets.
David B. Gordon, Eric M. Leeper
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Some issues in monetary economics
PSL Quarterly Review, 2014 Basic issues in monetary theory are presently being debated and increasing attention is being directed to a number of rather technical questions. Moreover, the growing interest among monetary theorists in defining instrument and policy variables that are
D.I. FAND
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