Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This book sets forth both a theory and a comparative empirical analysis of stagflation, that peculiar combination of high unemployment, slow growth, and spurts of high inflation bedeviling the advanced industrial nations during the past fifteen years. The authors first construct a small macroeconomic model that takes full account of aggregate demand and supply forces in the determination of output, employment, and the price level, in both a single-economy and a multi-economy setting. They then apply the model to provide an understanding of comparative performance of industrial countries in the areas of unemployment, inflation, productivity, and investment growth. They argue convincingly that the decay of the major economies during this period resulted from the supply shocks of the 1970s, such as the two major OPEC oil-price increases, and from the consequent policy-induced decrease in demand in response to inflationary pressures. Their analysis differs markedly from similar studies in that it takes specific account of institutional differences in the labor markets of the various economies. This helps to explain in particular the divergent adjustment profiles of the United States and Europe. Bruno and Sachs make several key recommendations for the mix of demand management and incomes policies necessary to combat stagflation in individual countries as well as for the coordination of macroeconomic policies among the major industrial nations.

Chômage, Effets de l'inflation sur le. --- Développement économique. --- Economic development. --- Economic history. --- Konjunkturzusammenhang. --- Macroeconomics. --- Macroéconomie. --- OECD-Staaten. --- Stagflatie. --- Stagflation. --- Theorie. --- Werkgelegenheid. --- Wirtschaft. --- Wirtschaftspolitik. --- BUSINESS & ECONOMICS / General. --- Economic history -- 1971-1990. --- Unemployment -- Effect of inflation on.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This work challenges traditional monetary theory by focusing on the role of banks and provides a new insight into the role played by bank money and capital accumulation. An international team of contributors reappraise analyses of the inflation and unemployment developed by Marshall, Keynes and Robertson. This volume is published in association with the Centre for the Study of Banking in Switzerland.

Effect of inflation on. --- Inflation (Finance). --- Unemployment. --- Unemployment - Effect of inflation on. --- AA / International- internationaal --- 333.842 --- 333.841 --- 333.845 --- 332.620 --- Deflatie. --- Inflatie. --- Stagflatie. --- Werkloosheid: algemeenheden. Philipscurve. --- Unemployment --- Inflation (Finance) and unemployment --- Stagflation --- Inflation (Finance) --- Stagnation (Economics) --- Effect of inflation on --- Werkloosheid: algemeenheden. Philipscurve --- Inflatie --- Deflatie --- Stagflatie

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

gsdb10. --- GGSB: Geestelijke lezing(rood). --- GGSB: Gebed. --- Unemployment --- Effect of inflation on. --- 331.526 --- 331.526 Levels of employment. Employment situation, conditions --- Levels of employment. Employment situation, conditions --- Inflation (Finance) and unemployment --- Stagflation --- Inflation (Finance) --- Stagnation (Economics) --- Effect of inflation on

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Inflation (Finance) and unemployment --- 332.620 --- 333.841 --- AA / International- internationaal --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 331.56 --- 336.748.12 --- Stagflation --- Inflation (Finance) --- Stagnation (Economics) --- 331.56 Werkloosheid. Arbeidsreserve --- Werkloosheid. Arbeidsreserve --- 336.748.12 Algemeen prijsniveau. Prijsindex. Prijsstijging --- Algemeen prijsniveau. Prijsindex. Prijsstijging --- Werkloosheid: algemeenheden. Philipscurve --- Inflatie --- Money. Monetary policy

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

We study inflation dynamics in Colombia using a bottom-up Phillips curve approach. This allows us to capture the different drivers of individual inflation components. We find that the Phillips curve is relatively flat in Colombia but steeper than recent estimates for the U.S. Supply side shocks play an important role for tradable and food prices, while indexation dynamics are important for non-tradable goods. We show that besides allowing for a more detailed understanding of inflation drivers, the bottom-up approach also improves on an aggregate Phillips curve in terms of forecasting ability. In the baseline forecast scenario, both headline and core inflation converge towards the Central Bank’s inflation target of 3 percent by end-2018 but these favorable inflation dynamics are vulnerable to large supply shocks.

Unemployment --- Inflation (Finance) and unemployment --- Stagflation --- Inflation (Finance) --- Stagnation (Economics) --- Effect of inflation on. --- Foreign Exchange --- Inflation --- Macroeconomics --- Forecasting --- Production and Operations Management --- Price Level --- Deflation --- Prices, Business Fluctuations, and Cycles: Forecasting and Simulation --- Macroeconomics: Production --- Forecasting and Other Model Applications --- Currency --- Foreign exchange --- Economic Forecasting --- Output gap --- Exchange rates --- Consumer price indexes --- Economic forecasting --- Prices --- Production --- Economic theory --- Price indexes --- Colombia