|
| Â Â |
| Â | Central European University Press |
 | | Disinflation policy, capital inflow and current account balance 7. | | | Written in a clear and concise manner, this book will be of interest to both academic and professional economists interested in the post-communist countries, and to international financial institutions and policy makers. | | | The volume covers all the key factors of this process: changes in money supply and money demand; exchange rate policy; currency crisis; fiscal policy; legal status of central banks; monetary policy strategy; changes in relative prices and changes in nominal and real wages. |
|
http://www.ceupress.com/books/html/DisinflationMonetaryPolicyAndFiscalConstraints.html
|
|
| Â Â |
| Â | Encyclopedia article on Inflation [EncycloZine] |
| | Inflation can be contrasted with "reflation," which is either a rise of prices from a deflated state, or alternately a reduction in the rate of deflation, that is, the general level of prices are falling at a decreasing rate. | | | This causes the Phillips curve to shift in the desired direction, toward less inflation and less unemployment. | | | if GDP falls below its potential level (and unemployment is above the NAIRU), all else equal inflation will decelerate as suppliers attempt to fill excess capacity, cutting prices and undermining built-in inflation: there is disinflation. |
|
http://encyclozine.com/Inflation
|
|
| Â Â |
| Â | Disinflation in Transition, 1993-97, IMF Occasional Paper 179 - Table of Contents |
| | Almost all transition countries experienced an initial spike in inflation at the outset of the reform process as price controls were removed. | | | Section IV attempts to identify the factors that facilitated such apparently low-cost disinflation, including the transition context in which disinflation occurred and the role of fiscal policy. | | | The speed of the subsequent disinflations, however, varied markedly, partly reflecting the different times when countries gained monetary and political independence. |
|
http://www.imf.org/external/pubs/nft/op/179
|
|
| Â Â |
| Â | Globalization and Global Disinflation by Kenneth Rogoff, Economic Counselor and Director, Research Department, IMF |
| | On net, fiscal policy is likely to have been broadly supportive of the disinflation process, but outside of a couple of developing country regions (most notably parts of Latin American and Africa), fiscal policy cannot be considered a universal and decisive factor in the broad global disinflation we have documented in the first section. | | | My main focus is on whether other factors such as more prudent fiscal policies, higher productivity growth, deregulation, and increased globalization may have also contributed to make disinflation both less painful and more successful than would otherwise have been the case. | | | Another plausible factor that might have helped support disinflation is productivity growth. |
|
http://www.imf.org/external/np/speeches/2003/082903.htm
|
|
| Â Â |
| Â | What is deflation and how is it different from disinflation? (09/1999) |
| | The price level is commonly measured using either a Gross Domestic Product Deflator (GDP Deflator) or a Consumer Price Index (CPI) indicator. | | | Deflation represents the opposite of inflation, which is defined as an increase in the overall price level over a period of time. | | | The Chart shows the monthly percentage change in the CPI (all urban consumers, all items) over the prior 12-month period, and includes periods of deflation, inflation, and disinflation in consumer prices. |
|
http://www.frbsf.org/education/activities/drecon/1999/9909.html
|
|
| Â Â |
| Â | The Costs of Inflation and Disinflation |
| | There is therefore a very strong presumption that the "true" costs of inflation must outweigh any costs of disinflation by an even greater margin than the quantitative estimates suggest. | | | Furthermore, since many of the costs of inflation identified in the literature cannot be quantified, there is a strong argument that the available evidence understates the "true" costs of inflation--probably by a large amount--so our estimated costs are biased considerably downwards. | | | Still others argue that the costs of inflation are small anyway, and could be dealt with by other means (e.g., indexing the fiscal system, as in Aiyagari 1991). |
|
http://www.cato.org/pubs/journal/cjv14n2-8.html
|
|
| Â Â |
| Â | [No title] |
| | However, the disinflation will bring about a temporary rise in the burden of interest payments with respect to GNP, as real interest payments on the securities issued at fixed interest rates in the past will increase as inflation falls. | | | An indicative ceiling will be set on the overall deficit of the consolidated government sector, excluding privatization receipts, so as to monitor the developments not only of the primary balance, but also of interest payments. | | | Structural reform is needed to make the fiscal adjustment sustainable, improve economic efficiency, and, through increased privatization receipts, facilitate the decline of public debt. |
|
http://www.treasury.gov.tr/standby/sb_english.htm
|
|
| Â Â |
| Â | Safe Haven Inflation, Disinflation and Deflation |
| | Disinflation, being benign, is described as a "planned reduction" in the general price level. | | | This can be against tangible or financial assets and the way history works is that a bubble in real assets has preceded every bubble in financials by nine years - but never both at the same time. | | | Minor deflation has followed the great booms in tangible assets and severe deflations have been the consequence of New Financial Eras and their culminating bubbles. |
|
http://www.safehaven.com/showarticle.cfm?id=649%26pv=1
|
|
| Â Â |
| Â | Supply-side economics - Wikipedia, the free encyclopedia |
| | Critics of this view point out that the "rebound" from the from the "Reagan Recession" of 1981-1982 is exactly in accordance with the "disinflation" scenario predicted by IS-LM models of the late 1970s: essentially that the increases in federal funds rates squeezed out inflation, and that federal budget deficits acted to "prime the pump". | | | The "across the board" tax cuts of 1981 are seen as the great motivator for the "Seven Fat Years". | | | This model had been the basis of Volker's federal reserve policy. |
|
http://en.wikipedia.org/wiki/Supply-side_economics
|
|
| Â Â |
| Â | AmosWEB: GLOSS*arama: DISINFLATION |
| | Disinflation, a reduction in the inflation rate, is not the same as deflation, a decline in the price level. | | | Should disinflation continue, presumably because anti-inflationary monetary or fiscal policies are working effectively, then the average price level could decline and we make the transition to deflation. | | | Numerically speaking, if the inflation rate was 10% last year, 6% this year, and looks to be 4% next year, then we have disinflation. |
|
http://www.amosweb.com/cgi-bin/gls.pl?fcd=dsp&key=disinflation
|
|
| Â Â |
| Â | New England Economic Review: The Persistance of Inflation and the Cost of Disinflation |
| | This persistence and the cost of disinflating may arise for several reasons, including the inertia that wage and price contracts impart to the inflation rate, the inertia that slowly adjusting expectations may impart to inflation, or the inertia that imperfect credibility may impart to inflation. | | | The Persistance of Inflation and the Cost of Disinflation | | | New England Economic Review: The Persistance of Inflation and the Cost of Disinflation |
|
http://www.bos.frb.org/economic/neer/neer1995/neer195a.htm
|
|
| Â Â |
| Â | RRojas Databank: The Róbinson Rojas Archive.-A decade of transition.- Achievements and challenges |
| | The record thus far was reviewed, with a focus on such issues as disinflation, growth, public enterprise reform, budget constraints, governance, capital flows, banking sector reform, the underground economy, and income inequality. | | | Four factors played a key role in limiting the impact of disinflation on output: there was considerable political support for disinflation and price liberalization; stabilization policies were introduced early; comprehensive fiscal consolidation underpinned disinflation in a number of countries; and the various monetary frameworks were appropriately flexible. | | | The threshold above which inflation involves significant output costs is now comparable in the transition countries to what it is in the industrial countries; therefore, a commitment to slowing inflation to industrial country levels over the medium term would be appropriate, especially in those countries aspiring to join the European Union. |
|
http://www.rrojasdatabank.org/financ~1.htm
|
|
| Â Â |
| Â | Technical Report No. 55: Some Evidence on Hysteresis and the Costs of Disinflation in Canada |
| | Finally, we could find no evidence that the slope of the Phillips curve is non-linear -- the costs of disinflation do not appear to vary with either the level of inflation or the degree of excess supply. | | | Technical Report No. 55: Some Evidence on Hysteresis and the Costs of Disinflation in Canada | | | Are the costs of disinflation higher at lower rates of inflation? |
|
http://www.bankofcanada.ca/en/res/tr55-e.htm
|
|
| Â Â |
| Â | DEVELOPMENTS IN THE TURKISH ECONOMY IN THE LIGHT OF THE RECENT DISINFLATION EFFORTS |
| | All we know that disinflation program has three components: counter cyclical fiscal policies, structural reforms, and nominal policies. | | | Although we should not expect a radical change in the implementation of monetary policy, its efficiency will definitely improve in step with the improvement of the fiscal stance. | | | The new government that was formed after the April election seems serious about completing the above reforms, as shown by their quick action in passing the Banking Act, international arbitration, and the social security reform. |
|
http://www.tcmb.gov.tr/yeni/evds/konusma/ing/1999/disinflation.html
|
|
| Â Â |
| Â | disinflation |
| | Z Next Finance Term: conforming loans More Financial Pages disinflation reloadable prepaid debit cards market call feature nondiversifiability... | | | Disinflation -- rank: 249 Financial Glossary search Disinflation - Financial Glossary Disinflation A decrease in the rate of inflation. | | | U V W X Y Z Next Finance Term: disinflation More Financial Pages prototype plan converted put delaware... |
|
http://www.idrassociate.org/u61ni1rz-3.html
|
|
| Â Â |
| Â | EconPapers: "Who Pays for Disinflation? Disinflationary Monetary Policy and the Distribution of Income" |
| | Abstract: Using theoretical predictions, econometric results, and the example of the Volcker disinflation, Thorbecke establishes that through disinflation's burden on the durable goods and construction industries, small firms, and low-wage workers and its benefits to bond market investors, it effects a redistribution of wealth from the poor to the rich. | | | Because of this distributional consequence, he argues, engineering a disinflationary recession now to wring more inflation out of the economy would be inappropriate. |
|
http://econpapers.hhs.se/paper/levlevppb/38.htm
|
|
| Â Â |
| Â | Disinflation |
| | With these numbers in mind, and with an admittedly crude disinflation balancing inflation story for motivation, we can begin to look for activities wherein people hand over money and receive little in return. | | | Gambling accounted for 12 per cent of Canada's gross domestic product in 1997 and 4 per cent of new jobs. | | | We need ongoing activities, since plausible disinflationary factors would have to constantly siphon money away from the purchase of commodities and services. |
|
http://www.spreadout.ca/id56.htm
|
|
| Â Â |
| Â | AmCham |
| | These economies were not successful in finding the appropriate and credible monetary arrangement and anchor for disinflation, fiscal balances were unsustainable and central bank independence was limited. | | | The effect of exogenous shocks changed from early 2000, when the collapse of stock exchanges and the increase in oil prices produced a positive supply and a negative demand shock, which partially reversed the inflation gains of the previous two years. | | | In the second group (Hungary, Poland, Slovakia and Slovenia) initial price stabilization was followed by persistent moderate inflation and strong price inertia, while recently inflation aversion of monetary authorities increased and a steep disinflation began, reducing inflation close to the level in the first group. |
|
http://www.amcham.hu/economy/issues_inflationce_2002.aspx
|
|
| Â Â |
| Â | European Monetary System Disinflation on tick |
| | One of the major benefits of the EMS, it is argued, is that it has enabled its members to engage in disinflation at a lower cost in terms of lost output and employment than other developed countries. | | | While the gradual approach of EMS members in the 1980s has tended to postpone the unemployment cost of disinflation, De Grauwe argues, the shock therapy followed by other countries has a tendency to produce a more sudden time path for these losses. | | | The Cost of Disinflation and the European Monetary System |
|
http://www.cepr.org/pubs/Bulletin/dps/dp326.htm
|
|
| Â Â |
| Â | Forbes.com: Disinflation: The 3x3 World |
| | The end of disinflation will mean that the glue that holds Japan's economic edifice together will come unstuck. | | | In the 3X3 world, investors are going to have to raise their sights beyond the immediate prospects for financial markets toward the search for alternative assets, such as commodities, gold-linked investments and private equity. | | | Similarly, current equity valuations are based on the assumptions of continuing disinflation, cheap and limitless liquidity and high growth. |
|
http://www.forbes.com/global/2004/0510/060.html
|
|
| Â Â |
| Â | Disinflation Dynamics in an Open Economy General Equilibrium Model |
| | For benchmark parameter values, it is found that a money slowdown leads to a recession in the short run whereas exchange rate based disinflation leads to very rapid adjustment with minimal real effects. | | | Keywords: disinflation, staggered prices, persistence, dynamic general equilibrium, pricing-to-market | | | The yearly budget of IDEAS is exactly $0: it relies entirely on volunteer work. |
|
http://ideas.uqam.ca/ideas/data/Papers/yoryorken98-15.html
|
|
| Â Â |
| Â | Bloomberg.com: Top Worldwide |
| | The yield on the 10-year Treasury note, a benchmark for corporate borrowing and home loans, soared to the highest in a year after Fed chairman Alan Greenspan in July testified before the House finance committee. | | | Greenspan said conditions compelling the Fed to buy longer-term government debt in order to curb disinflation or buoy the economy ``are most unlikely to arise.'' | | | In subsequent speeches and testimony, policy makers have expressed a willingness to leave rates low until there are signs that inflation is accelerating. |
|
http://quote.bloomberg.com/apps/news?pid=10000006&sid=a6zDcAq8O81I&refer=home
|
|
| Â Â |
| Â | Expectations, learning and the costs of disinflation: experiments using the FRB/US model |
| | The costs of disinflation are explored using the Board's new sticky-price rational expectations macroeconometric model of the U.S. economy, FRB/US. | | | Agents are required to learn of shifts of the inflation target using linear updating rules. | | | Expectations, learning and the costs of disinflation: experiments using the FRB/US model |
|
http://netec.wustl.edu/WoPEc/data/Papers/fipfedgfe1997-42.html
|
|
| Â Â |
| Â | BOI - Research Department, Rules versus Discretion - A Disinflation Case |
| | This paper compares a strict inflation target regime and a conservative central bank regime in order to determine the monetary regime appropriate for a disinflation process. | | | The analysis shows that in a two-period model, in which policymakers face given first period inflationary expectations, a strict inflation target could be preferred to the appointment of a conservative central banker who acts in a discretionary manner. | | | The disadvantage of the conservative central banker derived from its tendency to accelerate the disinflation process compared to the desired rate from the social welfare point of view. |
|
http://www.boi.gov.il/deptdata/mehkar/papers/dp0209e.htm
|
|
| Â Â |
| Â | FLATION! |
| | Disinflation is a term to describe a historical period in which inflation was not as high as expected or anticipated at the time. | | | Low interest rates that are seen as the springboard to wealth. | | | Disinflation marked the U.S. economics in the 1990's. |
|
http://www.gold-eagle.com/editorials_02/wallybently100802.html
|
|
| Â Â |
| Â | Dictionary.com/disinflation |
| | On an overall basis, disinflation is good for security prices, but it can be painful for individual companies that have made investment and borrowing decisions based upon a belief that a high rate of inflation would continue. | | | A drop in the inflation rate from 3% in one year to 2% in the next year is an example of disinflation. | | | Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. |
|
http://www.dictionary.com/search?q=disinflation
|
|
| Â Â |
| Â | Costs of Price Adjustment and the Welfare Economics of Inflation and Disinflation. |
| | It is shown that a moderately increasing price level is associated with higher social welfare than a perfectly stable price level, and the model therefore provides theoretical support for the widespread belief that a little bit of inflation is good for the economy. | | | Home >> Journals List >> American Economic Review >> Costs of Price Adjustment and the Welfare Economics of Inflation and Disinflation. | | | This paper studies the welfare consequences of inflation and disinflation in a model in which monopol istic firms incur a fixed cost of price adjustment. |
|
http://netec.mcc.ac.uk/WoPEc/data/Articles/aeaaecrevv:78:y:1988:i:4:p:633-46.html
|
|
| Â Â |
| Â | Economics of Inflation & Disinflation - Enflasyon ve Dezenflasyonun Ýktisadý |
| | Economics of Inflation and Disinflation - Enflasyon ve Dezenflasyonun Ýktisadý | | | * Dabrowski (ed.) (2001) : Disinflation, Monetary Policy and Fiscal Constraints: Experience of the Economics in Transition | | | Kibritçioðlu, Rittenberg and Selçuk (2002) : Inflation and Disinflation in Turkey |
|
http://politics.ankara.edu.tr/~kibritci/inflation/
|
|
| Â Â |
| Â | Disinflation to continue - 18-07-2002 - Radio Prague |
| | The Czech National Bank expects the disinflation to continue into the next quarter. | | | The Czech economy has been experiencing a decrease in inflation for four months. | | | Consequently, the inflation rate will remain below the inflation target brackets. |
|
http://www.radio.cz/en/article/30384
|
|
| Â Â |
| Â | Stanley Fischer: Curriculum Vitae |
| | "The Costs and Benefits of Disinflation", in J. Wijnholds, S. Eijffinger and L. Hoogduin (eds), A Framework for Monetary Stability. | | | " Real Balances, the Exchange Rate, and Indexation: Real Variables in Disinflation ", in Quarterly Journal of Economics, (Feb 1988), 27-50. | | | "Contracts, Credibility and Disinflation", in V. Argy and J.W. Nevile (eds.) Inflation and Unemployment: Theory, Experience and Policy-Making, Allen and Unwin, 1985. |
|
http://www.iie.com/fischer/cv.html
|
|
| Â Â |
| Â | EconPapers: Staggered Wages and Output Dynamics under Disinflation |
| | The money wage is fixed for two periods, and is chosen according to intertemporal optimisation. | | | Keywords: WAGES ; INFLATION ; MONEY (search for similar items in EconPapers) | | | We show that the introduction of microfoundations helps to resolve the puzzle raised by directly postulated models, namely that disinflation in staggered pricing models causes a boom. |
|
http://econpapers.hhs.se/paper/fthwarwec/557.htm
|
|
| Â Â |
| Â | Deflation and Disinflation |
| | Deflation, however, is a persistent decrease in the level of consumer prices or a persistent increase in the purchasing power of money because of a reduction in available currency and credit. | | | Deflation is not the same thing as "disinflation," the latter of which is defined as a downward movement in inflated prices to a more normal level. | | | An example of disinflation is where inflation had been running at 5% per year but is now just 2%. |
|
http://www.greekshares.com/deflation.asp
|
|
| Â Â |
| Â | Disinflation in the 1990s: The experience of the industrialized world |
| | By the latter part of 1994, inflation in many countries had fallen to rates that had not been sustained since the early 1960s, generally converging to within a range of 1 to 3 per cent. | | | Despite the decline in inflation to similar low levels, there were a number of interesting developments across the industrialized countries. | | | Average inflation in the industrialized countries fell markedly in the first half of the 1990s, the third such episode of broad-based disinflation in the last 20 years. |
|
http://www.bankofcanada.ca/en/res/r952c-ea.htm
|
|
| Â Â |
| Â | C:\WS_FTP32\BerryK.htm |
| | During the new-product upswing, investment, employment, and incomes increase rapidly, well ahead of prices and inflation. | | | Basic and radical-improvement innovations are followed by routine-improvement innovations that rationalize production and increase capital intensity. | | | This is the period of disinflation or deflation. |
|
http://aix1.uottawa.ca/~rroberge/berryk.htm
|
|
| Â Â |
| Â | Global Disinflation |
| | Therefore, an external shock on tradable goods prices can put downward pressures on aggregate price levels and economic activities. | | | This paper discusses factors contributing to "global disinflation" to reexamine Japan's deflation in a broader context and shed some light on the prospect of the global economy. | | | In fact, our empirical analysis shows that there were certain shocks, which cannot be attributed to output gaps or inflationary expectations behind global disinflation since the mid-1990s. |
|
http://www.boj.or.jp/en/ronbun/03/ron0306a.htm
|
|
| Â Â |
| Â | A quantitative exploration of the opportunistic approach to disinflation |
| | " Opportunistic and deliberate disinflation under imperfect credibility," Finance and Economics Discussion Series 1998-01, Board of Governors of the Federal Reserve System (U.S.). | | | Using stochastic simulations of a small-scale rational expectations model, we study the cost and time required to achieve a given disinflation, as well as the steady-state distributions of inflation and output under the various rules. | | | " Opportunistic and Deliberate Disinflation under Imperfect Credibility," Journal of Money, Credit and Banking, Ohio State University Press, vol. |
|
http://ideas.repec.org/p/fip/fedgfe/1997-36.html
|
|
| Â Â |
| Â | Disinflation |
| | Disinflation is a decrease in the rate of inflation. | | | Disinflation is generally considered to be a very positive state for the economy. | | | Being how much prices are increasing per unit of time can be expressed using the word disinflation: The slowing of the rate of inflation per unit of time. |
|
http://www.sciencedaily.com/encyclopedia/disinflation
|
|
| Â Â |
| Â | Department Of Economics - Working Papers |
| | 95-01-2 Tor Einarsson and Milton H. Marquis, "Transition and Steady-State Costs of a Credible Disinflation Policy When Growth is Endogenous." |
|
http://www.economics.fsu.edu/workingpapers.htm
|
|
| Â Â |
| Â | Cheap sale price on Disinflation in Transition Economies |
| | Cheap sale price on Disinflation in Transition Economies | | | Find the absolute for best book price by comparing among many reputable stores online. |
|
http://www.redtagcellar.com/product/1/9639241296/books/Disinflation-in-Transition-Economies.html
|
|
| Â Â |
| Â | RFE: Inflation and Disinflation |
| | It serves as a starting point for those looking for research on inflation and disinflation. |
|
http://www.inforum.umd.edu/EconFAQ/OtherInt/SingSubj/E/InflationDisinflation.html
|
|
| Â Â |
| Â | CEPR Discussion Paper Abstracts |
| | The credibility of disinflation may be endangered by early liberalization, however. | | | A commitment to a pegged exchange rate can, if credible, actually solve rather than intensify the potential conflict between trade liberalization and exchange rate stability. |
|
http://www.cepr.org/pubs/dps/DP832.asp
|
|
| Â Â |
| Â | Turkey's Disinflation Program: What We Are Doing And Why We Are Doing It |
| | Turkey's Disinflation Program: What We Are Doing And Why We Are Doing It tcmb | | | I expect that these positive attitudes on the part of all participants in the program will continue until Turkey has achieved the long-sought and much desired goal of durable price stability. | | | Turkey's Disinflation Program: What We Are Doing And Why |
|
http://www.tcmb.gov.tr/yeni/evds/konusma/ing/2000/disinflationtext.html
|
|
|
