The recent EU members that have not adopted the Euro follow in succession with average excess inflationary gaps less than 10 per cent but above the average rates of inflation.
The majority of the G-20 countries have higher excess inflationary gaps than the NAFTA members.
Immediately after the circulation of the Euro as the de facto currency, Germany and France have positive excess inflationary gaps in 2003-2003, as described in Glew, Bauer, and Faseruk (2013).
China stands out due to its constrained money supply relative to GNI, providing negative excess inflationary gaps in all years except 2009, when it spikes above both India and Brazil despite maintaining positive real GNI growth.
Table 3 provides the excess inflationary gaps for the initial 15 EU members and Norway, calculated as described above.
Germany, Finland and France have positive excess inflationary gaps in 2002-2003 and 2005.
However, when inflationary gaps are calculated on the basis of [M.
Keywords: Greek economy, Portuguese economy, Inflationary gap, Inflation, Monetary policy.
R Kumara Swamy proposed the unique and well-researched Kumara Swamy Theorem of Inflationary Gap during the convocation lecture on 'Inflation and Economic Development of Nigeria' delivered at the Institute of Management and Technology, Enugu, Nigeria on March 3, 1978, which states.
Lazaridis and Livanis investigated the Kumara Swamy Theorem of Inflationary Gap for the Cypriot and Greek economies over the period 2004-2009 and found favorable results for the Kumara Swamy Theorem of Inflationary Gap.
R Kumara Swamy proposed the unique and well-researched Kumara Swamy Theorem of Inflationary Gap in his convocation lecture on Inflation and Economic Development of Nigeria delivered at the Institute of Management and Technology, Enugu, Nigeria on March 3, 1978.
In many instances the persistence of inflation is exacerbated by policy makers that enact policies designed to control core inflation without adequate knowledge of the permissible inflationary gap and the excess inflationary gap, demonstrated in the Kumara Swamy Theorem of Inflationary Gap (Swamy (6&7)).