Inflation
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“Warning: Inflation May Be Harmful to Your Growth”
“While few doubt that very high inflation is bad for growth, there is less agreement about the effects of moderate inflation. Using panel regressions and allowing for a nonlinear specification, this paper finds a statistically and economically significant negative relationship between inflation and growth, which holds robustly at all but the lowest inflation rates. A…
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“The Relationship Between Inflation and the Budget Deficit in Turkey”
“For Turkey, Metin (1995) analyzed inflation using a general framework of sectoral relationships and found that fiscal expansion was a determining factor for inflation. The excess demand for money affected inflation positively, but only in the short run. On the other hand, imported inflation, the excess demand for goods, and the excess demand for assets…
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“Calculating the Candy Price Index”
“In this classroom experiment, students develop a price index based on candy-purchasing decisions made by members of their class. They use their index to practice calculationg inflation rates and to consider the strengths and weaknesses of the consumer prices index (CPI). Instructors can use the experiment as an introduction to the topic of inflation and…
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Spending on Full
On Wednesday, I posted a link to a Freedom Daily article by Jim Powell. It was a very interesting article. I highly recommend it for those who are not aware of the history of Argentina and its fall from prosperity. I also highly recommend it to those who have still not yet grasped the truth…
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TFI Conference in Philadelphia
On April 9, 2010, the Atlas Economic Research Foundation held a Teach Freedom Initiative conference at the Sheraton Society Hill Hotel in Philadelphia. The theme of the conference is “The Attack on Sound Money and Entrepreneurship: Threatening Liberty in America.” Audio files for the keynote talk and subsequent panels are provided below. “The Attack…
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“How a Rich and Proud Nation Went Broke”
“On Loyalty Day, October 17, 1951, Evita declared, “I ask you today, comrades, only one thing — that we will all swear publicly to defend Perón and fight to the death.” She died in 1952 of cervical cancer, and to this day people leave flowers at her family vault in Buenos Aires. The personality cult,…
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“Inflation May Not Be Kind to the Stock Market”
“Investors seem to see inflation as no big deal, or maybe even a good thing. But they forget how inflation killed the stock market in the 1970s… and just how easily those conditions could return. Federal Reserve Chairman Ben S. Bernanke is now seen as the stock market’s best friend. He is the second coming…
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“BOE Unanimously Kept Bond Plan at 200 Billion Pounds”
“Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation. The nine-member Monetary Policy Committee, led by Governor Mervyn King, voted 9-0 to maintain the program because data in the previous…
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Hyperinflation
“Inflation is a sustained increase in the aggregate price level. Hyperinflation is very high inflation. Although the threshold is arbitrary, economists generally reserve the term ‘hyperinflation’ to describe episodes when the monthly inflation rate is greater than 50 percent. At a monthly rate of 50 percent, an item that cost $1 on January 1 would…
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“Unemployment and Inflation Inch Up in Europe”
“The unemployment rate in the euro area inched up to touch double digits in February, while inflation accelerated more than economists had forecast, probably a result of higher food and oil prices, according to data released Wednesday. Eurostat, the European Union’s statistics agency, said that seasonally adjusted unemployment in the 16 nations that use the…
-
“Warning: Inflation May Be Harmful to Your Growth”
“While few doubt that very high inflation is bad for growth, there is less agreement about the effects of moderate inflation. Using panel regressions and allowing for a nonlinear specification, this paper finds a statistically and economically significant negative relationship between inflation and growth, which holds robustly at all but the lowest inflation rates. A…
-
“The Relationship Between Inflation and the Budget Deficit in Turkey”
“For Turkey, Metin (1995) analyzed inflation using a general framework of sectoral relationships and found that fiscal expansion was a determining factor for inflation. The excess demand for money affected inflation positively, but only in the short run. On the other hand, imported inflation, the excess demand for goods, and the excess demand for assets…
-
“Calculating the Candy Price Index”
“In this classroom experiment, students develop a price index based on candy-purchasing decisions made by members of their class. They use their index to practice calculationg inflation rates and to consider the strengths and weaknesses of the consumer prices index (CPI). Instructors can use the experiment as an introduction to the topic of inflation and…
-
Spending on Full
On Wednesday, I posted a link to a Freedom Daily article by Jim Powell. It was a very interesting article. I highly recommend it for those who are not aware of the history of Argentina and its fall from prosperity. I also highly recommend it to those who have still not yet grasped the truth…
-
TFI Conference in Philadelphia
On April 9, 2010, the Atlas Economic Research Foundation held a Teach Freedom Initiative conference at the Sheraton Society Hill Hotel in Philadelphia. The theme of the conference is “The Attack on Sound Money and Entrepreneurship: Threatening Liberty in America.” Audio files for the keynote talk and subsequent panels are provided below. “The Attack…
-
“How a Rich and Proud Nation Went Broke”
“On Loyalty Day, October 17, 1951, Evita declared, “I ask you today, comrades, only one thing — that we will all swear publicly to defend Perón and fight to the death.” She died in 1952 of cervical cancer, and to this day people leave flowers at her family vault in Buenos Aires. The personality cult,…
-
“Inflation May Not Be Kind to the Stock Market”
“Investors seem to see inflation as no big deal, or maybe even a good thing. But they forget how inflation killed the stock market in the 1970s… and just how easily those conditions could return. Federal Reserve Chairman Ben S. Bernanke is now seen as the stock market’s best friend. He is the second coming…
-
“BOE Unanimously Kept Bond Plan at 200 Billion Pounds”
“Bank of England policy makers unanimously kept their bond-purchase plan at 200 billion pounds ($307 billion) in April as some officials showed mounting concern at the prospect of a prolonged bout of faster inflation. The nine-member Monetary Policy Committee, led by Governor Mervyn King, voted 9-0 to maintain the program because data in the previous…
-
Hyperinflation
“Inflation is a sustained increase in the aggregate price level. Hyperinflation is very high inflation. Although the threshold is arbitrary, economists generally reserve the term ‘hyperinflation’ to describe episodes when the monthly inflation rate is greater than 50 percent. At a monthly rate of 50 percent, an item that cost $1 on January 1 would…
-
“Unemployment and Inflation Inch Up in Europe”
“The unemployment rate in the euro area inched up to touch double digits in February, while inflation accelerated more than economists had forecast, probably a result of higher food and oil prices, according to data released Wednesday. Eurostat, the European Union’s statistics agency, said that seasonally adjusted unemployment in the 16 nations that use the…
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