Wednesday, 22 October 2014

Monthly Archives September 2010

“Rising Gold Prices Affect Local Companies”

Posted by Tom Duncan
September 30, 2010

“In financial circles, analysts credit the rising price of gold to an unlikely duo: investors seeking shelter and central bankers from India, Bangladesh and other developing countries. Both are wary of a falling dollar. It starts with low interest rates. Central banks usually hold currencies from the world’s largest economies — dollars, pounds and yen […]

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The Dollars Demise?

Posted by Tom Duncan
September 29, 2010

“Robert Wenzel has recently started the EPJ Daily Alerts. I try to check it out everyday; it reassures me to know Wenzel is out there, scouring the internet for new developments. (He’s not paying me to say that, but he’s also not charging me for the subscription.) In today’s Alert, Wenzel mentioned that the dollar […]

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“Fed Seminar Probes Financial Reform”

Posted by Tom Duncan
September 29, 2010

“Describing the financial industry as “hobbled, but moving forward,” Carson acknowledged the need for reform, but cautioned that not enough attention has been given to how to pay for it. ‘The cost of what is envisioned here is absolutely staggering,’ Carson said. ‘The number of people (who need to be) employed to comply with the […]

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Money Mischief: Episodes in Monetary History

Posted by Tom Duncan
September 29, 2010

“Nobel Prize-winner Milton Friedman — dubbed ‘the Oliver Stone of economists’ by the Chicago Tribune — makes clear once and for all that no one, from the local corner merchant to the Wall Street banker to the president of the United States, is immune from monetary economics. In Money Mischief, Friedman discusses the creation of […]

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“The Dynamics of Chronic Inflation in Brazil, 1968-1985″

Posted by Tom Duncan
September 29, 2010

“This article develops an error-correction model with the aim of analyzing the behavior of prices during a period of chronic inflation in Brazil. The degree of inflationary inertia is estimated, and tests for the importance of disequilibria in the domestic-money, foreign-goods, labor, and domestic goods markets on inflation are carried out.” Read more. “The Dynamics […]

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“Does Inequality Cause Inflation? The Political Economy of Inflation, Taxation and Government Debt”

Posted by Tom Duncan
September 29, 2010

“The optimal revenue mix is tilted more towards seigniorage if the ruling political party has less of a dislike for inflation, if the costs of collecting taxes are high and the extent of tax evasion is widespread (cf. Canzoneri and Rogers, 1990), and if the financial system is relatively repressed (e.g., Roubini and Sala-i-Martin, 1992). […]

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