873 resultados para Inflation targets
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Cover title.
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Item 1005-C
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"NAVPERS 15217."
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"Department of the Navy publication NAVPERS 15217."
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"August 1966."
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Includes "Sector summaries of the Conference on Inflation" (p. 297-486).
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Mode of access: Internet.
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Title page also includes summary of paper.
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"96th Congress, 1st session. Senate. Report no. 96-51."
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The research for this working paper is sponsored by U.S. Department of Labor contract no. 41-USC 252(c)(3).
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One of a series of pre-summit sector conferences held prior to the summit Conference on Inflation, Washington, D.C., 1974.
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Mode of access: Internet.
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"Conducted by the Interdisciplinary Communications Program of the Smithsonian Institution."
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Unexpected inflation, disinflation or deflation cause arbitrary income transfers between an economy's borrowers and lenders. This redistribution results from distorted real interest rates that are too high when price level changes are over-predicted and too low when they are under-predicted. This article shows that in Australia's case, inflation expectations were mostly biased upwards throughout the 1990s, according to the Melbourne Institute of Applied Economic and Social Research series and to a new derived series based on bond yields, implying that real interest rates were too high over this time. In turn, this caused substantial arbitrary income transfers from debtors to creditors, estimated to have averaged up to 3 per cent of gross domestic product over the period.