Synopsis
The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price inflation over the business cycle in a sample of fifteen Caribbean countries. In most countries, the evidence indicates the existence of structural constraints, implying that positive demand shocks feed predominantly into prices while negative demand shocks mainly affect output. The high variability of aggregate demand in Caribbean countries, frequently exposed to shocks that are exacerbated by pro-cyclical policy stance, tends to create an upward bias on inflation and a downward bias on real output growth, on average, over time. The analysis highlights the benefits of eliminating structural rigidities responsible for asymmetric real and inflationary effects and points to the dangers of pro-cyclical macroeconomic policies that exacerbate the adverse effects of demand variability.
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Does Demand Variability Lower Growth and Raise Inflation?
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LAP Lambert Academic Publishing Apr 2015, 2015
ISBN 10: 3659686522
ISBN 13: 9783659686528
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price inflation over the business cycle in a sample of fifteen Caribbean countries. In most countries, the evidence indicates the existence of structural constraints, implying that positive demand shocks feed predominantly into prices while negative demand shocks mainly affect output. The high variability of aggregate demand in Caribbean countries, frequently exposed to shocks that are exacerbated by pro-cyclical policy stance, tends to create an upward bias on inflation and a downward bias on real output growth, on average, over time. The analysis highlights the benefits of eliminating structural rigidities responsible for asymmetric real and inflationary effects and points to the dangers of pro-cyclical macroeconomic policies that exacerbate the adverse effects of demand variability. 52 pp. Englisch. Seller Inventory # 9783659686528
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Does Demand Variability Lower Growth and Raise Inflation?
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ISBN 10: 3659686522
ISBN 13: 9783659686528
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Kandil MagdaMagda KandilCentral Bank of the UAE Dr. Magda Kandil is currently the Chief Economist and Director of Research at the Central Bank of the U.A.E. She held the position of the Executive Director and Director of Research at. Seller Inventory # 24561157
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Does Demand Variability Lower Growth and Raise Inflation?
Published by
LAP Lambert Academic Publishing Apr 2015, 2015
ISBN 10: 3659686522
ISBN 13: 9783659686528
New
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price inflation over the business cycle in a sample of fifteen Caribbean countries. In most countries, the evidence indicates the existence of structural constraints, implying that positive demand shocks feed predominantly into prices while negative demand shocks mainly affect output. The high variability of aggregate demand in Caribbean countries, frequently exposed to shocks that are exacerbated by pro-cyclical policy stance, tends to create an upward bias on inflation and a downward bias on real output growth, on average, over time. The analysis highlights the benefits of eliminating structural rigidities responsible for asymmetric real and inflationary effects and points to the dangers of pro-cyclical macroeconomic policies that exacerbate the adverse effects of demand variability.Books on Demand GmbH, Überseering 33, 22297 Hamburg 52 pp. Englisch. Seller Inventory # 9783659686528
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Does Demand Variability Lower Growth and Raise Inflation?
Published by
LAP Lambert Academic Publishing, 2015
ISBN 10: 3659686522
ISBN 13: 9783659686528
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - The paper investigates asymmetry in the allocation of aggregate demand shocks between real output growth and price inflation over the business cycle in a sample of fifteen Caribbean countries. In most countries, the evidence indicates the existence of structural constraints, implying that positive demand shocks feed predominantly into prices while negative demand shocks mainly affect output. The high variability of aggregate demand in Caribbean countries, frequently exposed to shocks that are exacerbated by pro-cyclical policy stance, tends to create an upward bias on inflation and a downward bias on real output growth, on average, over time. The analysis highlights the benefits of eliminating structural rigidities responsible for asymmetric real and inflationary effects and points to the dangers of pro-cyclical macroeconomic policies that exacerbate the adverse effects of demand variability. Seller Inventory # 9783659686528
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Does Demand Variability Lower Growth and Raise Inflation?
Published by
LAP Lambert Academic Publishing, 2015
ISBN 10: 3659686522
ISBN 13: 9783659686528
New
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Taschenbuch. Condition: Neu. Does Demand Variability Lower Growth and Raise Inflation? | Magda Kandil | Taschenbuch | 52 S. | Englisch | 2015 | LAP Lambert Academic Publishing | EAN 9783659686528 | Verantwortliche Person für die EU: BoD - Books on Demand, In de Tarpen 42, 22848 Norderstedt, info[at]bod[dot]de | Anbieter: preigu. Seller Inventory # 104727708