Money, Income and Inflation in Equilibrium – The Case of Greece
✍ Scribed by Christos Karpetis
- Publisher
- Springer US
- Year
- 2008
- Tongue
- English
- Weight
- 161 KB
- Volume
- 14
- Category
- Article
- ISSN
- 1083-0898
No coin nor oath required. For personal study only.
📜 SIMILAR VOLUMES
We discuss a fully dynamical microeconomic model where inflation appears as the response of an unstable system to stochastic noise and/or time discretisation of the dynamics. In the model economic agents fix prices and production volumes following simple, robust, suboptimal rules. A global parameter
## Abstract This article investigates the behavior of agricultural input prices, agricultural output prices, and retail food prices using the cointegration/error–correction methodology. The findings support “cost push” and “demand pull” theories, because disequilibrium at the input level is transmi