Results 1 to 10 of about 119,224 (163)
American Economic Review, 2006 Nearly a quarter-century after Paul Volcker's declaration of war on inflation on October 6, 1979, Alan Greenspan declared that the goal had been achieved. Drawing on the extensive historical record, I examine the views of Chairmen Volcker and Greenspan on some aspects of the evolving monetary policy debate and explore some of the distinguishing ...
Athanasios Orphanides +1 more
exaly +4 more sources
The Price of Stability of Weighted Congestion Games [PDF]
SIAM Journal on Computing, 2019 We give exponential lower bounds on the Price of Stability (PoS) of weighted congestion games with polynomial cost functions. In particular, for any positive integer $d$ we construct rather simple games with cost functions of degree at most $d$ which have a PoS of at least $\varOmega(Φ_d)^{d+1}$, where $Φ_d\sim d/\ln d$ is the unique positive root of ...
Paul Spirakis +2 more
exaly +10 more sources
Single Monetary Policy, Inflation Targeting, Interest Rate Targeting and Bank Efficiency in the Euro Area: Panel Generalized Method of Moments Approach [PDF]
Iranian Journal of Accounting, Auditing & Finance, 2021 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
Journal of Economic and Financial Sciences, 2023 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
doaj +1 more source
Moneta e Credito, 2014 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
doaj +5 more sources
Uncertainty, Price Stabilization and Welfare [PDF]
Southern Economic Journal, 1991 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
The Price of Stability for First Price Auction
, 2023 Complement results from the earlier work "First Price Auction is 1-1/e^2 Efficient" (arXiv:2207.01761)
Yaonan Jin, Pinyan Lu
openaire +2 more sources
Price clusters and stock price stability [PDF]
Revista Eletrônica em Gestão, Educação e Tecnologia Ambiental, 2022 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
openaire +2 more sources
Is Price Stability Enough? [PDF]
SSRN Electronic Journal, 2006 No one in the industrial countries should now question the substantial economic benefits associated with reducing inflation from earlier, high levels. At the same time, history also teaches that the stability of consumer prices might not be sufficient to ensure macroeconomic stability.
openaire +2 more sources
Value Added Tax and price stability in Nigeria: A partial equilibrium analysis
European Journal of Government and Economics, 2013 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
doaj +3 more sources