[PDF] Top 20 ← Return to Article Details Insights on deflation theory

... system to ‘incoherent’ ...debt deflation. [...] minsky used the expression ‘to sell position to make position’ to characterize what asset holders try to do in these ... See full document

... debt deflation, and a favorable situation in terms of increased demand, in addition to the massive possession of federal securities in public hands to finance the military mobiliza- ...opportunity ... See full document

... shares to foundations designed to separate banking from the traditional social roles of savings ...regions to com- pete with each other and private ...only to confront severe downturns since ... See full document

... lot to the microeconomic studies of New Keynesians (asymmetry of information, moral hazard, adverse selection, ...law to money (free banking, Hayek) are not ...monetary theory for the previous twenty ... See full document

... vulnerability to adverse shocks is rooted in (i) leverage, which exposes one to the risk of being un- able to pay one’s debts if revenue expectations are disappointed; (ii) mismatch between assets ... See full document

... attempt to eliminate the above-mentioned problems, a new generation of independent central bank models using inflation targeting ...based on the theory of the ...costs on the CB when the ... See full document

... ian theory. In the second section we will examine its theory of protection and in the third and last section we will try to infer that an additional condition is to be taken into consideration ... See full document

... depends on the level of the money wage in the labour ...have to know previously the value of each of such com- modities in order to explain the value of these same ...order to determine the ... See full document

... present article attempts to examine the scopes and limits of the NDP, and hence must be interpreted as a constructive criticism towards this ...approach. To this end, we develop a formal framework ... See full document

... going to theorise about the economic system of single-celled organisms in the primoeval ooze — no data, for a ...A theory relevant to the indus- trial revolution is not going to be very ... See full document

... smart to criticize the mere pres- ence of mathematics in Economic, and that the latter has been progressing more quickly with the former than it would without ...thing to conclude that an optimal import ... See full document

... Institucional (Rutherford, 1994: 2-3). O volume da literatura novo institucionalis- ta é hoje crescente e, a se julgar pelo seu número de adeptos, pode-se dizer que essa corrente constitui-se num programa de pesquisa ... See full document

... be to a large extent independent of the Selic rate as a result of our long experience with inflation and indexation ...sensitive to the Central Bank intervention ...linked to the ... See full document

... falls to 2%, then the real interest rate must fall to ...rise to 5.1% of GDP just to maintain the existing debt- to-GDP ...unlikely to generate economic growth and it also stands ... See full document

... Brazil. On average, more than half of these flows went to service sectors, followed by natural resource-intensive sectors, a pattern unchanged since ...close to 40% of its respec- tive total, in ... See full document

... dimension to the exclusion of people from development (Nayyar, ...inability to satisfy basic human needs in terms of food, clothing, shelter, health care and education for large numbers of ...exposed ... See full document

... ABstrACt : the initiative of the unified system for regional Compensation, the so-called suCre, concerted among the main countries that comprise ALBA, born in a context of great international turmoil caused by the ... See full document

... parallel to a specialization on prod‑ ucts of high and medium technology, the supply of skilled labour is considerably increased due to a sustained education ...seems to be the case in South ... See full document

... portan- to, são solventes do ponto de vista externo (Eaton, 1993) — podem se defrontar com uma reversão súbita da entrada de capitais de curto prazo em função de uma mudança nas expectativas dos investidores ... See full document

... efei- to direto da arbitragem financeira; no segundo caso, a desvalorização cambial faz com que o Banco Central tenda a aumentar a taxa de juros de curto prazo para manter a inflação sob ... See full document