Price Distortion and Shortage Deformation, or What Happened to ...
The model of this paper generalizes the classical theory of consumer behavior to the more general case of prices that are not necessarily market-clearing.
Monetary Rules for Commodity TradersGood monetary policy stabilizes PPI: because price stickiness is in domestic goods prices, while there is perfect pass-through in import prices. Does productivity level influence the economic impacts of price ...Changes in consumer prices under productivity losses are largely consistent with observed changes in producer prices. As expected, the negative productivity ... The case for a positive euro area inflation target - Temi di discussione25 The optimal inflation rates for France and Germany then increase slightly, while the optimal rate for Italy remains largely unchanged. As a result, the ...
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