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Gold, fiat money and price stability [PDF]
The classical gold standard has long been associated with long-run price stability. But short-run price variability led critics of the gold standard to propose reforms that look much like modern versions of price-path targeting. This paper uses a dynamic
Michael D. Bordo +2 more
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MONETARY STABILITY VERSUS FINANCIAL STABILITY IN ADJUSTING THE REAL ECONOMY [PDF]
Nowadays, in the economic theory and practice, theres commonly held idea that the primary objective of monetary policy should be price stability. However, the possibility of achieving this goal depends on the development and stability of the financial ...
Strezariu Iulia Ana-Maria +3 more
doaj +2 more sources
Single Monetary Policy, Inflation Targeting, Interest Rate Targeting and Bank Efficiency in the Euro Area: Panel Generalized Method of Moments Approach [PDF]
This study investigates the dynamic linkages between the efficiency of 126 selected banks and the Single Monetary Policy (SMP) defined by credit channel, interest rate channel, exchange rate channel, and price stability in 17 Euro area countries from ...
Ehsan Rajabi, Reza Sherafatian Jahromi
doaj +1 more source
Inflation dynamics in South Africa: The role of public debt
Orientation: Inflation targeting requires prudent fiscal policy to achieve desired results. Motivation for the study: Since the 2007–2008 financial crisis, fiscal authorities in South Africa have implemented an aggressive fiscal stimulus that has ...
Sinethemba D. Sangweni, Harold Ngalawa
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In a recent work, F. Modigliani and T. Padoa-Schioppa presented a theoretical framework in support of the widely diffused thesis among economic commentators regarding the existence of an inverse relationship between real wages and employment.
C. CASAROSA
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Uncertainty, Price Stabilization and Welfare [PDF]
This paper investigates whether a small country facing foreign price instability benefits from active stabilization of the domestic price of the importable. For example, the European Community can be treated as a small open economy facing price instability of agricultural products originating in the United States.
E. Kwan Choi, Stanley R. Johnson
openaire +3 more sources
Price clusters and stock price stability [PDF]
Understanding the factors affecting stock return volatility, for analysts, investors and company executives, it is critical. In this study, using a traditional approach, we identify the factors influencing volatility and how price friction is formed on stock price stability, and in particular, examining the clustering test for price increases.
Hamid Reza Kordlouie +3 more
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Objective: to review a session of the “Digital Finance” permanent seminar at the Institute of Economics of the Russian Academy of Sciences which discussed the prerequisites and consequences of the issue, emission characteristics and circulation of the ...
S. A. Andryushin
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Value Added Tax and price stability in Nigeria: A partial equilibrium analysis
The economic impact of Value Added Tax (VAT) that was implemented in Nigeria in 1994 has generated much debate in recent times, especially with respect to its effect on the level of aggregate prices.
Marius Ikpe, Alwell Nteegah
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