Disinflation in Spain
Disinflation in Spain

Author: Mr.Nicolas Sobczak

Publisher: International Monetary Fund

Published: 1998-08-01

Total Pages: 31

ISBN-13: 145185286X

DOWNLOAD EBOOK

This paper investigates the causes of the recent disinflation in Spain. A standard Phillips curve model is used to disentangle the contributions of three possible shocks: an adverse demand shock that raises unemployment, a positive supply shock resulting from relative price adjustments or structural improvements in the labor market, and a credibility shock that lowers inflationary expectations. The main element underlying Spain’s recent disinflation appears to be a fall in inflation expectations, thanks to the country’s commitment to participate in Economic and Monetary Union from the start, and policy actions geared to that end.

Spain
Spain

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1998-06-22

Total Pages: 122

ISBN-13: 1451812019

DOWNLOAD EBOOK

This Selected Issues paper analyzes the sources of the persistence of geographical unemployment imbalances and low speed of adjustment to regional labor demand shocks in Spain. The paper argues that, under present labor market arrangements, these imbalances are unlikely to be corrected in the near future. In particular, the current wage bargaining system appears to be excessively centralized and to result in nationally set wages that are too high to reduce unemployment in high-unemployment areas. The paper also analyzes the May 1997 labor market reform.

Reducing Inflation
Reducing Inflation

Author: Christina D. Romer

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 434

ISBN-13: 0226724832

DOWNLOAD EBOOK

While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation. Section I discusses the consequences of inflation. These papers analyze inflation's impact on the tax system, labor market flexibility, equilibrium unemployment, and the public's sense of well-being. Section II considers the obstacles facing central bankers in achieving low inflation. These papers study the precision of estimates of equilibrium unemployment, the sources of the high inflation of the 1970s, and the use of non-traditional indicators in policy formation. The papers in section III consider how institutions can be designed to promote successful monetary policy, and the importance of institutions to the performance of policy in the United States, Germany, and other countries. This timely volume should be read by anyone who studies or conducts monetary policy.

Spain
Spain

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2014-07-10

Total Pages: 78

ISBN-13: 1498348157

DOWNLOAD EBOOK

This 2014 Article IV Consultation highlights that economic growth in Spain has resumed, and unemployment is falling. Exporters are gaining market share, and the current account is in surplus for the first time in decades. Financial conditions have improved sharply, with sovereign yields at record lows. Business investment is rebounding strongly and private consumption has also started to recover owing to improved employment prospects and rising confidence. Executive Directors have welcomed the improving Spanish economy. They have stressed that labor market reform should be accompanied by product and service market liberalization to maximize the gains to growth and jobs.

Disinflation
Disinflation

Author: Fouad Sabry

Publisher: One Billion Knowledgeable

Published: 2024-01-21

Total Pages: 335

ISBN-13:

DOWNLOAD EBOOK

What is Disinflation Disinflation is a decrease in the rate of inflation - a slowdown in the rate of increase of the general price level of goods and services in a nation's gross domestic product over time. It is the opposite of reflation. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Disinflation Chapter 2: Macroeconomics Chapter 3: Recession Chapter 4: Inflation Chapter 5: Monetarism Chapter 6: Deflation Chapter 7: Monetary policy Chapter 8: Causes of the Great Depression Chapter 9: Price stability Chapter 10: Long Depression Chapter 11: Neutrality of money Chapter 12: Reflation Chapter 13: Friedman rule Chapter 14: Inflation targeting Chapter 15: Indexed unit of account Chapter 16: Deleveraging Chapter 17: Depression of 1920-1921 Chapter 18: Constant purchasing power accounting Chapter 19: Monetary policy of the Philippines Chapter 20: Abenomics Chapter 21: Hyperinflation in the Federal Republic of Yugoslavia (II) Answering the public top questions about disinflation. (III) Real world examples for the usage of disinflation in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Disinflation.

The Costs and Benefits of Price Stability
The Costs and Benefits of Price Stability

Author: Martin Feldstein

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 374

ISBN-13: 0226241769

DOWNLOAD EBOOK

In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation.

Financial Markets and Financial Crises
Financial Markets and Financial Crises

Author: R. Glenn Hubbard

Publisher: University of Chicago Press

Published: 1991-08-13

Total Pages: 420

ISBN-13: 9780226355887

DOWNLOAD EBOOK

Warnings of the threat of an impending financial crisis are not new, but do we really know what constitutes an actual episode of crisis and how, once begun, it can be prevented from escalating into a full-blown economic collapse? Using both historical and contemporary episodes of breakdowns in financial trade, contributors to this volume draw insights from theory and empirical data, from the experience of closed and open economies worldwide, and from detailed case studies. They explore the susceptibility of American corporations to economic downturns; the origins of banking panics; and the behavior of financial markets during periods of crisis. Sever papers specifically address the current thrift crisis—including a detailed analysis of the over 500 FSLIC-insured thrifts in the southeast—and seriously challenge the value of recent measures aimed at preventing future collapse in that industry. Government economists and policy makers, scholars of industry and banking, and many in the business community will find these timely papers an invaluable reference.

Inflation and Disinflation in Turkey
Inflation and Disinflation in Turkey

Author: Faruk Selcuk

Publisher: Routledge

Published: 2018-04-27

Total Pages: 242

ISBN-13: 1351739271

DOWNLOAD EBOOK

This title was first published in 2002. Since the 1990s Turkey has experienced a number of disasters, both physical and economic. The result has been a decrease in economic performance compared to other European states. This study addresses the country's ongoing economic struggles.

Moderate Inflation
Moderate Inflation

Author: Mr.Carlo Cottarelli

Publisher: International Monetary Fund

Published: 1998-07-01

Total Pages: 300

ISBN-13: 9781557756992

DOWNLOAD EBOOK

Many countries, including several transition economies, have in the last few years recorded a sharp decline in inflation, but have been unable to bring inflation down to lower single digits or to achieve price stability. In these countries, inflation has stabilized at moderate levels, with further progress becoming seemingly more difficult. What are the problems created by moderate inflation? What is the appropriate speed of disinflation? These and other issues related to disinflation in transition economies are taken up in this book, edited by Carlo Cottarelli and Gyorgy Szapáry.