A Theoretical Model of Industrial Economy Inflationary Dynamics : JEL Category E31, Prices, Business Fluctuations, and Cycles

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概要

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• One of the ongoing policy issues confronting monetary authorities around the world is the management of a stable price environment. Unstable prices create uncertainty, lower investment, and raise costs of doing business, thus lowering rates of growth. As a result, there exists a widespread need for understanding inflationary dynamics in any country of interest. This paper develops a standard monetary inflation model and augments it to include import, labor, energy, and intermediate goods and materials cost of production factors in a theoretically plausible manner. Implications for implementing an empirical version of the model are also discussed with a view toward the various econometric difficulties that may surface in estimation.

• 桃山学院大学の論文

著者

• Araki Eiichi

  桃山学院大学

• Fullerton Jr.

  Department of Economics and Finance, College of Business Administration

• Fullerton Jr.

  Department Of Economics And Finance College Of Business Administration:texas Center For Border Econo

• FULLERTON Jr.

  Department of Economics and Bureau of Economic and Business Research 221 Matherly Hall University of Florida Gainesville

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