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1 - 3 van 3 voor rate hikes
Microsoft Word - CPB rapport 23feb04.doc
... decreased in countries with liberalised markets, raising the probability of price hikes and physical shortages in cases of extremely high demand or ... aspect is brought into the cost benefit analysis through the real interest rate, reflecting a time preference. in the special case we are dealing ... ct at time period t, so that, with a discount rate r, the present value of policy costs over time span ...
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bijz8.pdf
... germany. three major differences stand out. first of all, also germany experienced the oil price hikes. in fact, the direct impact for germany was even more negative than for the netherlands ... indicators of economic performance, such as the growth of gdp, the unemployment rate, the fiscal deficit, the inflation rate and the balance of payments. chapter 3 surveys the actual economic performance of ...
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memo104.pdf
... impact of a higher oil price will be substantially smaller in case of no interest rate reaction by the central banks.42 the oecd comes with a second-year gdp effect ... monetary authorities, that increased credibility of monetary policy has reduced the impact of oil price hikes. finally, an additional source of uncertainty is that there is some evidence of asymmetric and ...
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