Contrary to the Quantity Theory of Money, which in its various forms, implies that increases in output of goods and services will, ceteris paribus, exert downward pressure on the general price level, Dr. Nwankwo in this book, argues that the growth of some components of output could accentuate, rather than dampen inflation. This phenomenon, which the author has termed 'Disaggregation Dissonance Hypothesis', states that while some components of the GDP may be inversely related to the price level, other components may be positively related to the price level. In addition, interaction between sectors, measured for example with the ratio of non-agricultural output to agricultural output, could also affect the price level. In view of these observations, the author argues that the practice based on the Quantity Theory of using aggregate output as an explanatory variable for the price level is defective and inappropriate and that the use of aggregate output in an empirical study is of limited relevance because it obscures a lot of the underlying influences which are necessary for understanding the structure and dynamics of inflation. He contends that a more appropriate approach will be to use disaggregated components of the GDP, as well as sectoral interaction variables in order to bring out the different ways in which the different components of the GDP impact inflation.
The author supports his thesis with an econometric investigation, using Nigeria's data from 1960 to 2011, which shows that when the GDP is split into agricultural and non-agricultural components, the former impacts the price level inversely, while the latter impacts the price level positively.
Автор: Charan, Ram Willigan, Geri Название: Leading through inflation ISBN: 1646871219 ISBN-13(EAN): 9781646871216 Издательство: Неизвестно Рейтинг: Цена: 3993.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Lecture Articles for Students of Architecture Delft 19922015 Nottingham 20052011. This book is a collection of articles written in recent years and used in lectures for students at the Faculty of Architecture at Delft and at Nottingham University. The lectures and articles are based on a mixture of innovations in academia and industry. They elucidate the relationship between architecture and building technology, as well as high technology, transfer of technology, innovative design, development and research in the Chair of Product Development at TU Delft. With his experience in both industry and academia, Eekhouts goal is to bridge the
Описание: This book surveys the imperfect-information approach to inflation and its real effects. Two types of informational limitation are considered. One involves situations in which individuals have asymmetric information about the current general price level. The other considers situations in which individuals cannot distinguish permanent from transitory changes as soon as they occur.
Описание: This book offers a modern behavioral economics analysis of macroeconomic expectations, using cognitive psychology and a bottom-up approach to economic expectations. It gives students and researchers a quantitative model for analyzing inflation, interest rates and business cycle phenomena for any country or historical period.
Описание: This book offers a modern behavioral economics analysis of macroeconomic expectations, using cognitive psychology and a bottom-up approach to economic expectations. It gives students and researchers a quantitative model for analyzing inflation, interest rates and business cycle phenomena for any country or historical period.
Автор: Sinclair, Peter J N Название: Inflation Expectations ISBN: 0415745160 ISBN-13(EAN): 9780415745161 Издательство: Taylor&Francis Рейтинг: Цена: 7042.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book investigates the importance of institutional arrangements for policy outcomes. In particular, the book answers the question whether there are significant differences in IT central banks` institutional set-ups, and-if yes-whether they influence the ability of monetary authorities to meet their policy goals.
The Federal Reserve System, created in the early 20th century, is now more than a hundred years old. This book takes the reader through the founding and first century of Federal Reserve monetary policy, and uses the analysis of the past to address the present and future issues of central banking.
With its focus on the actual policies, rather than the politics or individuals that determined those policies, this book addresses issues that have plagued monetarists since the onset of the Great Recession. Then, it proceeds to discuss the issues that will affect the efficacy of policy in the future. This section of the book is relevant for all central banks as central bank behavior post the onset of the Great Recession was similar throughout the world.
The book presents an analysis of the path of inflation that puzzled the experts. It adds an analysis of central banking's ability or lack thereof to influence market interest rates. Lastly, it explains the current exploding crypto-currency craze, its potential to supplant traditional transactions media, and the future of these so-called currencies.
Автор: Hudson, John Название: Inflation ISBN: 1138654493 ISBN-13(EAN): 9781138654495 Издательство: Taylor&Francis Рейтинг: Цена: 4898.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
Originally published in 1982, this book begins with a wide-ranging and critical review of both first and second generation theories of inflation (and the related problem of unemployment), including the classical approach to macroeconomics. The author systematically integrates search, implicit contract, expectations and wage-bargaining theeoriees to outline a new and original synthesis. This synthesis and switching regimes model is then rigorously examined to see how well it can explain inflation the US and the UK.
Автор: Brown Brendan Название: Euro Crash ISBN: 113737148X ISBN-13(EAN): 9781137371485 Издательство: Springer Рейтинг: Цена: 4890.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Euro Crash is a unique analysis of the European Monetary Union, arguing that it was not sub-optimal currency areas or profligate government spending but instead fatal flaws in monetary design and an appalling series of policy mistakes by the European Central Bank that lead to the current and ongoing Eurozone crisis.
Автор: Gillman Название: Inflation Theory in Economics ISBN: 041586481X ISBN-13(EAN): 9780415864817 Издательство: Taylor&Francis Рейтинг: Цена: 7961.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: These essays bring together a progression in monetary theory. The major theme that runs through all of the chapters is that in order to do monetary economics well in general equilibrium, it helps to have a good money demand underlying the theory.
Автор: Charlesworth, H.K. Название: The Economics of Repressed Inflation ISBN: 0415313937 ISBN-13(EAN): 9780415313933 Издательство: Taylor&Francis Рейтинг: Цена: 8726.00 р. Наличие на складе: Поставка под заказ.
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