Miller. "The Relationship between Government Deficits, Money Growth and Inflation." Journal of Macro- economics 7 (Fall 1985): 447-67.Ahking, F. W., and Miller, S. M. (1985), "The Relationship between Government
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But, having introduced his IS-LM model two years before publishing his temporary equilibrium analysis in Value and Capital, Hicks concentrated his attention primarily on Keynesian analysis and did not return to the temporary equilibrium model until 1965 in Capital and Growth. And it was IS-LM ...
money6and a real transactions quantity). The money demand relation then implies that the steady-state inflation rate will equal the steady-state rate of growth of the money stock minus a term pertaining to the rate of growth of output or real transactions. An exogenous change (if it somehow...
Across the rich world, governments and central banks are following suit. The final feature is the most important: low inflation. The absence of upward pressure on prices means there is no immediate need to slow the growth of central-bank balance-sheets or to raise short-term interest rates ...
I was quite excited about Carola Binder’s Shock Values: Prices and Inflation in American Democracy, as I expected something similar to Thomas Stapleford’s (2009) The Cost of Living in America. It isn’t about price indices, however, but about monetary policy and inflation. Macroeconomics is...
…whenever the Fed has tried to “normalize its balance sheet and interest rates, the market has become unstable.”…The question now…is will the Fed properly allow rates to come down only as inflation falls to the Fed’s 2 percent target, or will it aggressively try to fend off ...
The choice of these four major commodities (crude oil, natural gas, gold, and silver) is motivated by the fact that they altogether represent the strategic commodities that have significant influences on the real sector, financial sector, and economic growth of national economy (e.g., Browne ...